Zhi Tong Cai Jing·2025-12-10 06:41Group 1 - The core viewpoint of the articles highlights the potential for China Duty Free Group (中国中免) to win bids for duty-free stores at Shanghai and Beijing airports, which could significantly enhance its profitability and market position [1][2] - China Duty Free Group's stock price has shown a positive trend, with a 4% increase in the afternoon session, reflecting investor optimism regarding the upcoming bidding results [1] - The company is expected to leverage its strong supply chain, operational capabilities, and talent to secure contracts, similar to its past successes at major airports [1] Group 2 - Morgan Stanley outlines various scenarios regarding the bidding outcomes, with a baseline expectation that China Duty Free Group will secure contracts at both airports, potentially stabilizing its stock price [2] - If the company utilizes its wholly-owned duty-free licenses effectively, it could see a stock price increase of 5% to 10% [2] - Conversely, if Sunrise, the company operating the current duty-free stores, wins contracts at both airports, there could be a potential decline in China Duty Free Group's stock price by 5% to 10% [2]