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MEILAN AIRPORT: Annual Report 2024
J.P. Morgan: The aviation industry faces significant challenges under the China-U.S. trade war, with Spring Airlines as the top choice.
Under the Sino-US trade war, the aviation/airlines industry faces significant challenges. Due to China imposing a 125% tariff on US imported commodities, the maintenance costs for Airlines and the costs for new aircraft deliveries are expected to rise. Air China Limited (00753) and CHINA SOUTH AIR (01055) are anticipated to be hit the hardest due to the high proportion of Boeing aircraft in their fleets. Furthermore, the USA's 145% tariff on Chinese imported commodities and the removal of the tax exemption threshold is impacting the cargo business of Chinese Airlines, with CATHAY PAC AIR (00293) and China Southern Airlines expecting to bear the brunt.
Hong Kong stocks are fluctuating | The Aviation/airlines Industry continues to rise, falling oil prices will accelerate profit recovery, and enhanced Consumer stimulus policies are expected to boost demand growth.
The aviation/airlines industry continues to rise. As of the time of writing, Air China Limited (00753) has increased by 4.13%, reporting at 4.79 Hong Kong dollars; MEILAN AIRPORT (00357) has risen by 2.49%, reporting at 9.89 Hong Kong dollars; China Southern Airlines (01055) has increased by 2.13%, reporting at 3.36 Hong Kong dollars.
Hong Kong stock Concept tracking | Nationwide promotion of the "instant buy and refund" service for departure tax refunds, tax-free Concept attracts attention (with related stocks)
On April 8th, the State Taxation Administration announced the "Announcement on the Promotion of Instant Refund Service for Overseas Tourists' Shopping Tax Refund" which specifies that from the 8th, the instant tax refund service for departure will be promoted nationwide.
Hong Kong stocks have notable movements | Most stocks in the Aviation/airlines Industry have turned to increase. Since March, the decline in ticket prices has gradually stabilized and narrowed. Institutions stated that airlines directly benefit from the d
Most stocks in the Aviation/airlines Industry have turned positive. As of the time of publication, MEILAN AIRPORT (00357) is up 6.28%, trading at 8.8 Hong Kong dollars; China Eastern Airlines (00670) is up 4.15%, trading at 2.26 Hong Kong dollars; Air China Limited (00753) is up 4.04%, trading at 4.38 Hong Kong dollars; China Southern Airlines (01055) is up 5.03%, trading at 3.13 Hong Kong dollars; Capital Airlines (00694) is up 2.02%, trading at 2.53 Hong Kong dollars.
[Brokerage Focus] Guotai Haitong SEC: As supply and demand recover, the marketization effect of ticket prices will help the airlines' profit center rise.
Jingwu Financial News | Cathay HAITONG SEC stated, "To relax passenger transportation prices on domestic civil aviation routes with competitive conditions" - it is expected to deepen the ticket pricing marketization mechanism to ensure supply and demand pricing. The marketization of China’s civil aviation ticket prices established its goal in 2004, accelerated in 2010, and in 2013 switched pilot trunk routes to market-adjusted prices (increasing the full ticket price by 10% each season according to regulations). In 2015, the "Several Opinions on Promoting Price Mechanism Reform" pushed the Civil Aviation Administration to accelerate ticket price marketization during the 13th Five-Year Plan period. By the end of 2017, 5+ airlines were allowed to co-operate on routes; by the end of 2020, 3+ airlines were allowed to co-operate on routes.
