Financial World Fund reported on August 13 that ICBC downgraded Cathay Pacific (Hong Kong stock 00293) to strongly sell. Cathay Pacific (0293.HK) continues to fall today, now at HK$9.39, down 4.18%, with the latest total market value of HK$36.9 billion. The intraday low fell to HK$9.27, hitting a new low since September 2009.
The stock has fallen 23.5% in the past 19 trading days, and its market value has evaporated by HK$11.3 billion. The Civil Aviation Administration issued a major aviation safety risk warning to Cathay Pacific Airways last Friday night. Yesterday, Cui Xiaofeng, deputy director of the Civil Aviation Administration, met with Shi Minglun, chairman of Swire Group, on a date in Beijing.
Swire Co., Ltd. is the largest shareholder of Cathay Pacific , with a shareholding ratio of 45%. Swire Co., Ltd. is a holding subsidiary of Swire Group in Hong Kong.
On the one hand, Cathay Pacific stock price fell to a new low this year, while on the other hand, domestic airports ushered in sudden positive news. This also verifies the words of CCTV famous Kang Hui, No zuo no die.
Because all flights of Hong Kong Airport are grounded, domestic airports usher in a wave of "little spring" in early autumn. On the news front, in response to the impact of the safe operation of Hong Kong airports, the Civil Aviation Administration of China stated that it will increase capacity, make good air ticket refunds and changes, and improve the transit capacity of the Guangdong-Hong Kong-Macao Greater Bay Area airport group to ensure normal travel of passengers between the mainland and Hong Kong.
From the perspective of the secondary market, today Shenzhen Airport is approaching the daily limit with a transaction volume of nearly 400 million yuan. Baiyun Airport also followed the trend. Judging from the adjustments to some flights, many flights originally scheduled to arrive in Hong Kong are also ready to land in Shenzhen. Industry insiders commented that Hong Kong Airport gave people a piece of fat.
public information shows that as of the middle of this year, many public funds have held Shenzhen Airport and Baiyun Airport in different proportions.
Take Shenzhen Airport, which hit the daily limit today as an example. A total of 11 public funds hold this stock, with a total of 9.1631 million shares of outstanding shares, and a total market value of 81.4599 million yuan in circulating shares.
However, most funds do not hold heavy holdings. Among them, E Fund Enhanced Return Bond A held the most, with 3.6057 million shares. Shenzhen Airport also ranked among its top ten heavily held stocks, accounting for 0.77% of the fund's net value. At the same time, the fund also held Baiyun Airport as of the end of the second quarter, accounting for 2.17%.
. Judging from the fund holding Baiyun Airport, as of the end of the second quarter, a total of 67 public funds held the stock. The total number of shares held is 108 million shares, and the total market value of shares held is 1.96 billion yuan. Specifically, E Fund Small and Medium Cap holds the highest ratio of the fund's net value, reaching 5.87%, and Baiyun Airport is also its seventh largest holding stock. In addition, E Fund Blue Chip Selection, E Fund Enhanced Returns, E Fund Industry Leading Mixed A and other funds hold this stock in different proportions.
The following figure shows the products that the fund holds a large number of shares in Baiyun Airport as of the end of the second quarter:
Debang Securities commented that the Cathay Pacific incident may benefit domestic airports, such as Baiyun Airport and Shanghai Airport . Passengers who take or transfer from Hong Kong may be diverted due to this impact.
China Merchants Securities Su Baoliang's team said that Shenzhen Airport "washed all the bad luck and waited for the flowers to bloom." Because it is located in the hub center of the Guangdong-Hong Kong-Macao Greater Bay Area, the economic development of the hinterland is expected to drive the continued rapid growth of international passenger flow, and the future commercial value is unlimited, and it is expected to surpass Guangzhou Baiyun and Hong Kong Airport.
Guojin Securities stated that in the traffic competition between Guangdong, Hong Kong and Macao airports, Baiyun Airport has production capacity and positioning advantages, and will also effectively attract passengers in the Guangdong, Hong Kong and Macao Bay Area in the future.
