Changes in Hong Kong stocks | China Stock Exchange (01880) Zhang Chao opens 4% airport duty-free shop bidding in the afternoon, the agency expects the company to collaborate and continue the win-win relationship between the three parties

The Zhitong Finance App learned that Zhang Chao 4% in the afternoon of the Chinese free trial (01880). As of press release, it rose 2.56% to HK$74.05, with a turnover of HK$272 million.

CICC released a research report saying that on November 17, Shanghai Airport opened a tender for inbound and outbound duty-free shops at Pudong and Hongqiao International Airport, and the tender was opened on December 9. China's free bidder is the most promising bidder. Using 100% shareholders to bid is beneficial to increasing net profit to mother. Scale, supply chain and operation, channels, and talent are the core of immunity. In 2018-2019, tenders were exempted from tenders in the T3 and Daxing Airport segments. The financial score was not the first but the technical score was high, and the market share increased in the Hainan competition. It is expected that the cooperative and win-win relationship between China Free China and the brand and the airport will continue. The growth rate of tax exemptions on the outlying islands is accelerating, and we need to pay attention to the incremental potential brought about by the new policy.

Damo pointed out that the bid results for duty-free shops at Shanghai Airport and Beijing Airport are expected to be announced this month. Currently, the duty-free shops at both airports are operated by Sunrise, a 51% shareholding company in China. Damo has listed several hypothetical scenarios. The benchmark scenario is that China and China will each obtain a contract at Shanghai and Beijing airports and use their own wholly-owned duty-free licenses. The group will add more high-profit products to offline channels and provide competitively priced products on the Sunrise online platform; in this case, the Group's stock price will be generally stable. If China were to obtain one contract each at Shanghai and Beijing airports and use their wholly-owned license and the SUNRISE license at the same time, the stock price could increase by 5 to 10%. If SUNRISE obtains a contract at each of the two airports at the same time, the free share price in China may drop by 5% to 10%.