瑞银：微升北京首都机场股份目标价至3.22港元 上半年业绩逊预期

Core Viewpoint - UBS reports that Beijing Capital International Airport Company (00694) experienced a 2.6% year-on-year revenue growth to 2.8 billion RMB, with losses narrowing to 163 million RMB compared to a loss of 376 million RMB in the same period last year, although the performance fell short of the bank's and market expectations [1] Financial Performance - Revenue increased by 2.6% year-on-year to 2.8 billion RMB [1] - Losses narrowed to 163 million RMB from 376 million RMB in the previous year [1] Earnings Forecast - UBS revised its earnings per share (EPS) forecasts for 2025 to 2027 from 0.02 RMB, 0.08 RMB, and 0.13 RMB to -0.05 RMB, 0 RMB, and 0.04 RMB respectively [1] Target Price Adjustment - The target price was slightly adjusted from 3.1 HKD to 3.22 HKD due to a decrease in the weighted average cost of capital (WACC) [1] - UBS maintains a neutral rating on the stock [1]