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Multiple Short-term Positives Catalyze The Strength Of Hong Kong Stocks And Airline Stocks

Oct 10, 2022 Leave a message

Multiple short-term positives catalyze the strength of Hong Kong stocks and airline stocks


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Civil Aviation Resources Network October 6, 2022 news: According to the Zhitong Finance APP, at the beginning of the session, the civil aviation sector was generally active, with China Eastern Airlines leading the gains.


According to the data from Feichangzhun Civil Aviation Kanban, it is estimated that during the National Day holiday, the passenger traffic volume of civil aviation is expected to exceed 7.8 million, and the price of air tickets will rise simultaneously.


Orient Securities pointed out that it is expected that international flights will continue to be gradually liberalized. At present, the industry itself has gradually moved to the right, and the certainty has become increasingly strengthened. As of press time, China Eastern Airlines rose 5.73% to HK$2.95; China Southern Airlines rose 4.17% to HK$4.50; Air China rose 3.79% to HK$6.58; Cathay Pacific rose 1.20% to HK$8.44; Beijing Capital Airport (00694 ) rose 1.10% to HK$4.58.


According to the data from Feichangzhun Civil Aviation Kanban, it is expected that the average daily passenger flights during the National Day holiday (October 1-7) will be within 10,000 flights, a year-on-year decrease of 2-30%. The peak travel period is concentrated on the first and last days of the holiday, and the passenger traffic volume of civil aviation is expected to exceed 7.8 million. In terms of air ticket prices, the air ticket prices on September 30, October 1, and October 7 are relatively high, and the average ticket price on the first and last days of the holiday is about 800 yuan.


Recently, Orient Securities commented that the current overall flight recovery level in the Asia-Pacific region is relatively lagging behind. Although the domestic timetable has not been clearly given, the total number of international flight operations has been gradually increasing in recent months. Since September, China Southern Airlines Guangzhou- London, China Southern Airlines Chengdu-Frankfurt, foreign airlines Singapore, Thailand, Malaysia and other countries have resumed or opened new flights. Looking ahead, we expect that international flights will continue to be gradually liberalized. The current industry itself is gradually moving to the right, and the certainty is getting stronger day by day.


According to Fliggy data, in the two days before the National Day holiday, the number of high-star hotel orders increased by more than 60% compared with the two days before the Mid-Autumn Festival holiday. The number of purchases of diversified products in the "X" category increased by more than 50%. From a regional perspective, hotel bookings in Zhejiang, Jiangsu, Shanghai, Fujian, Guangdong, Chongqing, Hunan and other provinces grew faster.


Meanwhile, the appreciation of the renminbi has benefited airline stocks. At present, many airlines in my country buy aircraft through lease or loan, and need to pay a large amount of US dollars, and the income is mainly in RMB. This also leads to a greater impact on the exchange rate, so the appreciation of the RMB is conducive to the operation of airlines.


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