Morgan Stanley: Beijing Airport's losses last year far exceeded expectations, rating "Underweight"

AASTOCKS
2026.02.09 03:31

Morgan Stanley published a research report indicating that BEIJING AIRPORT (00694.HK) forecasted a net loss of between RMB 600 million and RMB 760 million last year, significantly higher than the market's predicted loss of RMB 216 million. The bank estimates that even excluding tax impacts, the company's pre-tax loss still ranges from RMB 480 million to RMB 560 million, which is below expectations. Based on this, the company's pre-tax loss for the fourth quarter last year is estimated to be between RMB 170 million and RMB 250 million, with losses widening year-on-year.

Morgan Stanley set a target price of HKD 2.4 for BEIJING AIRPORT and rated it as "underweight."

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