In the news, on the evening of October 29th, 65438/KLOC-0, Shanghai Airport released its performance forecast for 2020. During the reporting period, the company's net loss ranged from 12 1 100 million yuan to 129 billion yuan, and its profit in the same period was 5.03 billion yuan, 20 124% ~ 65438. Shanghai Airport said that in 2020, the company's business development and customer operations will be greatly affected, and the company's operating pressure will continue to increase.
It is understood that in order to cope with the impact of the epidemic, Shanghai Airport exempted relevant project fees and lowered some project fees according to the relevant policy requirements of the Civil Aviation Administration.
At the same time, due to force majeure events and major changes, Shanghai Airport and Japan Merchants (Shanghai) signed the Supplementary Agreement on the Transfer Contract of Duty Free Shop Project Management Right through negotiation. After the signing of the supplementary agreement, the most obvious change is reflected in the adjustment of the tax-free rent collection method of the airport.
65438+1October 3 1 day, CICC released a research report, adjusted the target price and profit forecast of Shanghai Airport, and downgraded the rating to neutral. In addition, Justin Kwok, an analyst at Goldman Sachs, downgraded Shanghai Airport to sell with a target price of 73 yuan, which was previously rated as buy.
Wind data shows that as of June 5438+February 3, 2020, there are 59 funds holding shares in Shanghai Airport, among which E Fund managed by star fund manager Zhang Kun holds 2 1.8 million shares, which is the fund product holding the most shares in Shanghai Airport. At the same time, Huitianfu CSI Shanghai State-owned Enterprise ETF holds more than 10 million shares.
Now the performance of Shanghai Airport has reversed, causing the company to fall. E Fund's small and medium-sized stocks lost 6.5438+72 million yuan in a single day, and Huitianfu CSI Shanghai State-owned ETF lost 8.65438+0.65438+0.9 million yuan.
Zhang Kun has a soft spot for Shanghai Airport. Since the fourth quarter of 20 16, E Fund's small and medium-sized companies have held heavy positions for 17 consecutive quarters, continuing Zhang Kun's style of "sticking to the green hills and not relaxing". In the fourth quarter of 2020, the fund added 2.2 million shares, and Shanghai Airport rose from the tenth largest awkward stock to the eighth largest awkward stock.
Earlier, Zhang Kun said in an interview that, based on global comparison, he believed that Shanghai Airport was the leader of global airport listed companies in the airport industry and was absolutely optimistic about Shanghai Airport.
20 16, while learning from internet companies, Zhang Kun got a brand-new understanding of Shanghai Airport. He believes that Shanghai Airport is not only a public utility stock, but also a traffic platform. All the traffic on this platform can be realized in the form of business or advertising. From the point of view of traffic, Shanghai Airport can enjoy itself at zero cost, and in a closed environment, the value of passenger flow is very high.
(Author Chi Xiang, editor Li Yue)