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What is BCIA Earnings Review and Future Outlook about?

BCIA reported interim earnings slightly below expectations, with net profit declining 13% year-over-year to RMB1.3 billion. While aeronautical revenues dropped due to the loss of airport fees, this was partially offset by a 66% increase in retail concession revenue. The company plans to invest more during the transition period before the opening of the new Daxing Airport to upgrade facilities for future growth. Maintaining a BUY rating, the analyst lowered the target price to HK$10 to reflect increased capi

Author

J. Bangjak

Language

EN