Tighten up in fluidity after alleviating, the market is performed today super- drop rebound! But outstanding achievement thunder is caused tide showing shoot still is being performed, the attention drop with the biggest today market is Shanghai airport.
Before 2020, shanghai airport is the core capital of be worthy of the name, right at that time of core capital differentiate it is 5 kinds:
The fractionize industry bibcock below Chinese spending market. Besides fluid of Maotai, 5 grain this is planted rare lack variety beyond, china still has a lot of abroad cannot be opposite the company of mark, for example dressing. 2, appear on the market in what competition ability has in course of study of global person of the same trade company. Be based on Chinese characteristic to plan + the otherness of market economy and special national condition, the financial industry such as the bank is a kind. 3, the globalization industry bibcock that sends monopoly dominant position first. For instance home appliance industry. 4, the trade that expands way on behalf of Chinese future. In the process of economic transition meeting emerge in large numbers gives the bibcock company of a batch of burgeoning industries, for instance chip semiconductor industry, this batch of companies have core intellectual property, have in respective fractionize domain cannot replace a gender. 5, the infrastructure that upgrades in the light of consumption and the industry bibcock that the foundation serves. The Shanghai airport with for instance medium airport, this kind of company is distributed to the airport of mark United States the circumstance looks, our airport is little, population gathers, the space that value magnifies is very large. Look from a lot of industries, infrastructure service of China is lacked very much, so, core capital also includes mainland to serve industry.
Shanghai airport is belonged to consume the core capital that in upgrading, is born, but those who who hold the post of to did not think of is, shanghai airport is in the Yi condition that experienced a year, be defeated below blast come! In outstanding achievement after premonitory exposure, shanghai airport one word drops today stop. Actually to having a deficit beforehand, everybody is to have anticipate, suffer epidemic situation effect this year after all, the frequency falls to drop considerably for certain since passenger handling capacity and plane, nature of airport outstanding achievement won't be good go which. But such deficit anticipates, give directly do one word to drop stop, even the market still appears to drop continuously the view that stop, and star fund manager is disastrous also, the 10 old heavy warehouses from the pannikin in Yi Fangda look, shanghai airport by the 10th old heavy warehouse turn into the 8th old heavy warehouse. From hold occupy scale of fund net value to look, 2020Q4 is occupied than 4.11% . Such meaning, if Zhang Kun runs the word with a fixed number, now already float is deficient 172 million yuan. Actually, because the market is to consult,Shanghai airport share price did not drop 2020 is the anticipation that other core capital gives. If not be epidemic situation,think, airport of before last sea can turn over times this year, affect share price to did not go up because of epidemic situation now, had been benefit empty be born.
So, this the orgnaization steps on thunder, did the logic that is Shanghai airport change? Actually, if not be this compensatory agreement, the price of machine may return refuse to come down on.
We might as well will see agreement of the complement in announcement, but the commercial pattern that this agreement involves the airport, we also are told to everybody, airport essence is a business that rent, its flexibility and region economy prosperity are spent about, current of course airport company has duty-free inn to regard stretch addition as the forehead. So, airport income basically has 2, aviation income (fall since the plane, the passenger boards the plane install check to wait) with the income that be not boat (duty-free, shop is rented, advertisement) , aviation income gets civil aviaton control, common cause property, basically treat the income that be not boat; The income that be not boat basically looks duty-free, duty-free and main watch international passenger, the economic evolution that international passenger person-time basically accepts area city and located situation, relative to character, the internationalization attribute of Shanghai and situation, enough supports economic development.
But in this agreement, made clear the hire means of duty-free inn, if passenger flow of actual that month international is less than,be equal to 2019 month all of actual international passenger flow 80% when, lunar fact receives charge to be able to sell collection of deduct a percentage from a sum of money actually according to the month. The influence of generation is, dealt with hire to decrease compared to the same period 2020 about 70% , kept a copy 2020 so for 4.15 billion, hire turned into now 1.15 billion, come so, drop it is not strange also to stop. In the meantime, we look again from another angle, the essence of this agreement, it is the level deducting a point that reduced duty-free inn to be in the airport, and future the pressure marry again that duty-free inn anabiosises arrived on airport body, that is to say your airport discharge restored, then we has more sale deduct a percentage from a sum of money, but you were affected by epidemic situation, yourself must resist pressure, with me duty-free inn has nothing to do.
This ground of this agreement at great length listed one caboodle item, a word is summed up even if, if flow is little, calculate fund by discharge, signed agreement was avoided to become upper limit instead in be being mixed before. Sheet sees this, hundred it is benefit sky, because before be, anyhow has a hire income that maintains a base, this did not have. Come so, relevant certificate business reduces grade immediately, resembling is Guo Taijun is installed, reduce target price to reach 42 yuan directly, by Shanghai airport drops now stop valence 71 yuan will calculate, return those who have 40% to drop a space, short-term risk still tremendous.
But the word of this agreement still does not have fix definitely, explained finally 2023 if epidemic situation is returned cannot conquer, that talks again afresh. In long-term investment point of view, invest that is to say at least 2~3 year angle goes thinking, if you are short-term investor, also want avoid for certain now.
In addition, show level annual report premonitory concentration is announced below, overall or stock outstanding achievement is better related battery of science and technology, war industry, lithium, epidemic situation, the industry such as aviation, movie and TV, travel is damaged apparently. Outstanding achievement anticipates Lei Hai is very big not as good as, clinching a deal in measuring the environment that atrophy and market sentiment drop, want beware of to some of stock shows shoot.
Achieve formerly not easy, hope everybody nods assist, comment, elder brother can bring more wonderful content to everybody ceaselessly east!
