The Zhitong Finance App learned that Damo released a research report saying that considering adjustments in profit and weighted average capital costs, as well as changes in the exchange rate of the Hong Kong dollar against the RMB, the target price of Beijing Capital Airport shares (00694.HK) was raised by 12% to HK$2.9, and the rating was “in sync with the market.” The bank said that due to the fact that commercial revenue from Capital Airport in the third quarter was lower than expected, the profit estimates for each year from 2024 to 2026 will be reduced by 14%, 7% and 6%, respectively. The weighted average cost of capital assumption was slightly adjusted to 12.8% from the previous 12.9%.

The Zhitong Finance App learned that Damo released a research report saying that considering adjustments in profit and weighted average capital costs, as well as changes in the exchange rate of the Hong Kong dollar against the RMB, the target price of Beijing Capital Airport shares (00694.HK) was raised by 12% to HK$2.9, and the rating was “in sync with the market.” The bank said that due to the fact that commercial revenue from Capital Airport in the third quarter was lower than expected, the profit estimates for each year from 2024 to 2026 will be reduced by 14%, 7% and 6%, respectively. The weighted average cost of capital assumption was slightly adjusted to 12.8% from the previous 12.9%.