HK Stock Market Move | Capital Airport (00694) rises more than 5% against the market, Beijing Capital Airport is about to disclose the list of tax-free bidding candidates.

Capital Airport (00694) rises more than 5% against the market, as of the time of drafting, it has increased by 4.87%, reaching 2.8 Hong Kong dollars, with a turnover of 21.8447 million Hong Kong dollars. On the news front, Shanghai Pudong, Hongqiao Airport, and Beijing Capital Airport have successively launched a new round of duty-free bidding, with the key change being the introduction of foreign participants. Guotai Haitong released a research report stating that the new duty-free contract model at Shanghai International Airport has been adjusted. According to the static calculation of the median commission rate of 16%, the new and old model airport duty-free income is basically the same; if the actual comprehensive commission rate is higher than the median, the new contract will increase the airport duty-free income. Changjiang also pointed out that in the coming days, Beijing Capital Airport will also disclose the list of bid winners, with bidding requirements similar to Shanghai International Airport, allowing foreign investment bids, and each bidder can only win one bid section. The expected results are also similar to Shanghai. The international passenger and duty-free area of Terminal 2 and Terminal 3 of Capital Airport have a significant difference. If the domestic duty-free leader locks in Terminal 3, its impact will be weaker than in Shanghai. Referring to the results of the last round of duty-free bidding, the duty-free discount and rental levels at Capital Airport are likely to exceed those of Shanghai International Airport, especially in the current game scenario.