[ET Net News Agency, 11 September 2019] Goldman Sachs raised its target price for
Beijing Capital International Airport (BCIA)(00694) to HK$8.7 from HK$8.1 and maintained
its "buy" rating.
The research house raised its DFS (duty-free store) sales forecasts for BCIA due to its
more positive view on DFS revenues over the medium to long term.
Goldman estimated BCIA's spend per Chinese pax at Rmb 399 by 2021, 30-40% below leading
global airports' levels, and highlighting the further potential for growth. It thinks the
market is underestimating BCIA's potential DFS revenues, while its valuation is one of the
cheapest amongst global airports and risk-reward looks highly skewed to the upside. (KL)
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00694 BEIJING AIRPORT
Nominal 
2.430 +0.080 (+3.404%) Others
11/09/2019 15:22
{I-bank focus}Goldman ups Beijing Airport (00694) to HK$8.7
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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