Changes in Hong Kong stocks | Capital Airport (00694) reversed the market and rose more than 5%, Beijing Capital Airport will soon disclose the list of candidates to win the duty-free bid

The Zhitong Finance App learned that Capital Airport (00694) reversed the market and rose by more than 5%. As of press release, it had risen 4.87% to HK$2.8, with a turnover of HK$21.8447 million.

According to the news, Shanghai Pudong, Hongqiao Airport, and Beijing Capital Airport have launched a new round of duty-free tenders one after another. The key change is the introduction of foreign participants. Cathay Pacific Haitong Securities released a research report saying that the new round of tax exemption contract models at Shanghai Airport has been adjusted. According to static estimates of the median commission ratio of 16%, the duty-free revenue of the old and new model airports is basically the same; if the actual comprehensive commission ratio is higher than the median value, the new contract will increase the airport's duty-free revenue.

Changjiang Securities, on the other hand, pointed out that in the next few days, Beijing Capital Airport will also disclose the list of successful candidates. The tender requirements are similar to those of Shanghai Airport. Foreign tenders are allowed. Each bidder can only win one bid section, and the expected results are similar to Shanghai. There is a big difference between international passengers and duty-free areas in the T2 and T3 segments of Capital Airport. If domestic duty-free leaders lock in the T3 section, the impact will be weaker than that of Shanghai. Referring to the results of the previous round of duty-free tenders, the duty-free deductions and rent levels at Capital Airport are likely to surpass Shanghai Airport, especially in the current gaming situation.