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    600009   CNE000000V89

SHANGHAI INTERNATIONAL AIRPORT CO., LTD.

(600009)
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End-of-day quote Shanghai Stock Exchange  -  2022-08-17
56.70 CNY   -1.37%
08/10SHANGHAI INTERNATIONAL AIRPORT : Freight services at Pudong Airport almost back to normal
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06/28China stocks hit 4-month high after easing of quarantine rules
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06/12SHANGHAI INTERNATIONAL AIRPORT : Pudong Airport sees continuous, robust growth in freight volume
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China stocks hit 4-month high after easing of quarantine rules

06/28/2022 | 05:15am EDT

SHANGHAI, June 28 (Reuters) - Hong Kong stocks jumped and China shares hit a near four-month high on Tuesday, after the quarantine time for inbound travellers was cut by half in a major easing of one of the world's strictest COVID-19 curbs.

The blue-chip CSI300 index rose 1.0% to 4,490.52, while the Shanghai Composite index gained 0.9% to 3,409.21 points. Both indexes closed at their highest levels since March 4.

The Hang Seng index rose 0.9% to 22,418.97, while the China Enterprises index was up 1% at 7,893.76 points.

** Quarantine at centralised facilities in China has been cut to seven days from 14, and subsequent at-home health monitoring has been reduced to three days from seven, the National Health Commission said.

** Meanwhile, the Walt Disney Co's Shanghai Disney resort said it would reopen the Disneyland theme park on June 30.

** Also boosting sentiment, a state planner official said China will roll out tools in its policy reserve in a timely way to cope with economic challenges, as COVID-19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability.

** Tourism-related companies jumped 5.5%, while gambling shares soared 10% to lead the gains.

** Shanghai International Airport Co added 8.5% in Shanghai, while Trip.com surged 16.5% and Wynn Macau jumped 12.8% in Hong Kong.

** U.S. President Joe Biden and Chinese President Xi Jinping are expected to speak in the next few weeks, U.S. national security adviser Jake Sullivan said, citing growing convergence among NATO and G7 members about the challenge China poses.

** "In the short term, the domestic economy is still in an upward macro environment, where it is recovering from COVID-19 and liquidity remains loose," said Lang Pincheng, general manager of research department at Fortune & Royal Asset.

** "As we can tell from PMI, investment and consumption data in May, the economic rebound might not be able to support a 'V-shape' reversal in most industries."

** June economic indicators, including official factory activity data due later this week, will be closely watched by investors, analysts say.

** Tech giants listed in Hong Kong edged up 0.6%, while Tencent slumped 3.3% on Dutch technology investor Prosus NV's, plan to trim its stake in the social media giant.

** "Many institutional investors underestimated the impact on Hong Kong from the U.S. capital markets, there is still large uncertainty in the pace and extent of U.S. rate hikes," said Li Yixuan, an analyst from Guotai Junan Securities, suggesting profit-taking in the recent days. (Reporting by Shanghai Newsroom; Editing by Amy Caren Daniel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
PROSUS N.V. -1.36% 63.7 Real-time Quote.-12.17%
SHANGHAI INTERNATIONAL AIRPORT CO., LTD. -1.37% 56.7 End-of-day quote.21.44%
TENCENT HOLDINGS LIMITED 3.10% 312.6 Delayed Quote.-33.63%
WYNN MACAU, LIMITED -2.91% 4.67 Delayed Quote.-24.49%
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Financials
Sales 2022 4 396 M 648 M 648 M
Net income 2022 -1 670 M -246 M -246 M
Net cash 2022 10 192 M 1 502 M 1 502 M
P/E ratio 2022 -71,7x
Yield 2022 -
Capitalization 109 B 16 100 M 16 100 M
EV / Sales 2022 22,5x
EV / Sales 2023 10,6x
Nbr of Employees 8 122
Free-Float 55,7%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 56,70 CNY
Average target price 55,12 CNY
Spread / Average Target -2,79%
EPS Revisions
Managers and Directors
Zhi Hong Hu General Manager & Director
Shu Jun Shen Chairman-Supervisory Board
Jian Xin You Independent Non-Executive Director
Ying Qi Li Independent Director
Wanpeng He Independent Director