HK Stock Market Move | Capital Airport (00694) plunged more than 9% in early trading, with a total market value falling below HKD 10 billion. It has been officially removed from the list of Hong Kong stock connects starting yesterday.

Capital Airport (00694) plummeted by more than 10% in the morning session, with a total market value falling below 10 billion Hong Kong dollars. As of the time of publication, it fell by 8.89% to 2.05 Hong Kong dollars, with a trading volume of 45.0292 million Hong Kong dollars. On the news front, on March 6, the Shanghai Stock Exchange announced that the stocks under the Shanghai-Hong Kong Stock Connect had been adjusted, with BEIJING AIRPORT being removed, effective from March 9. It is worth noting that Capital Airport had previously issued a profit warning, expecting a net loss of about 600 million to 760 million Chinese yuan for the whole year, a decrease of about 45.3% to 56.8% compared to the previous year. Morgan Stanley released a research report stating that Capital Airport's net loss in 2025 far exceeded market expectations, with an estimated loss between 600 million and 760 million Chinese yuan, significantly higher than the market forecast of 216 million Chinese yuan. Even excluding tax effects, the pre-tax loss still reaches 480 million to 560 million Chinese yuan, performing below expectations. The bank believes that the company's stock price still has room for further decline.