澳门特区政府治安警察局12月27日表示，截至当日11时，今年访澳旅客累计3941.1万人次，已超过2019 年全年总访澳旅客3940.6万人次的最高纪录。其中，内地旅客占72.4%，香港、台湾地区及其他地区旅 客分别占18.3%、2.5%和6.8%。（央视新闻） ...

Core Viewpoint - Feidao Tourism Technology (08069) anticipates a significant increase in net losses for the six months ending September 30, 2025, projected to rise by approximately 550% compared to a net loss of about 588,000 HKD for the six months ending September 30, 2024, primarily due to unfounded disaster rumors related to a predicted large-scale earthquake in Japan [1] Group 1 - The main reason for the increased losses is the panic among tourists triggered by a manga artist's prediction of a catastrophic event in Japan in July 2025, which has led to widespread fear and calls for travelers to cancel or postpone their trips [1] - The prediction includes potential disasters such as earthquakes and tsunamis, significantly impacting travel bookings, especially from Hong Kong [1] - The situation has resulted in some Hong Kong airlines reducing or canceling flights between Hong Kong and Japan due to the decline in travel demand [1] Group 2 - Japan is a key destination for the company's outbound tourism, and the rumors have severely affected bookings for travel groups during the peak summer months of July and August [1] - Both revenue and gross profit are expected to decline sharply for the six months ending September 30, 2025, due to the impact of these rumors [1] - Despite the unfounded nature of the earthquake prediction and the subsequent confirmation that it is false, management remains confident in the eventual recovery of the Japanese tourism industry and believes that outbound tourism, sightseeing, and hotel businesses will thrive [1]

Core Viewpoint - Carnival Corporation & plc is experiencing a notable increase in its consensus price target, reflecting growing optimism among analysts regarding its future prospects [2][6] Group 1: Price Target and Analyst Sentiment - The consensus price target for Carnival has risen from $28.19 to $37.33 over the past year, indicating a positive shift in analyst outlook [2][6] - Analyst Stuart Gordon from Berenberg Bank has set a lower price target of $23, suggesting a more cautious perspective amidst the overall optimism [2] Group 2: Factors Contributing to Positive Outlook - The recovery in the travel industry, aided by the easing of global travel restrictions, is benefiting Carnival, particularly as the summer quarter is typically its strongest [3] - Expectations for earnings per share (EPS) of $1.32 and revenue of $8.1 billion in the upcoming quarter are positive indicators for the company's outlook [3] - Operational improvements and strategic initiatives, including the introduction of new Sea Change targets, may enhance valuation multiples and boost analyst confidence [4] Group 3: Challenges and Upcoming Earnings - Rising costs pose a challenge that could impact Carnival's profit margins, particularly with increased expenses related to the opening of Celebration Key [5] - The upcoming third-quarter earnings results are anticipated to be mixed, prompting investors to closely monitor developments and analyst updates [5][6]

Core Viewpoint - The Shandong Provincial Government has issued a plan to further expand cultural and tourism consumption, focusing on supporting local market entities to grow and strengthen [1] Group 1: Government Initiatives - The plan includes the implementation of the "Cultural and Tourism Enterprise Sailing Plan" to support various levels of cultural and tourism groups in expanding and strengthening their operations [1] - There is an emphasis on resource sharing and complementary advantages among tourism enterprises [1] - The initiative aims to cultivate 16 premium tourism industry clusters and create several "hundred-billion" level industry clusters [1] Group 2: Market Outlook - Dongguan Securities predicts that the demand for domestic and international travel will remain strong in the first half of 2025, although tourism consumption will be more rational and competition in the industry will remain intense [1] - Following the improvement of the macroeconomic environment since September 2024, the focus of policies has shifted towards promoting consumption, suggesting that there is still room for domestic tourism to grow in the second half of the year [1] - Caixin Securities believes that with the continuous strengthening of domestic demand policies and the gradual recovery of consumer confidence, the tourism industry is expected to maintain a recovery trend [1] Group 3: Investment Recommendations - The industry is advised to focus on two main areas: 1) leisure tourism sector; 2) business travel recovery [1]

Group 1 - Huawei officially launched its Harmony OS computers, with the first foldable model priced at 23,999 yuan and the MateBook Pro starting at 7,999 yuan, marking a significant expansion into the desktop ecosystem [1] - The Harmony OS 5 aims to deepen the integration between mobile and desktop environments, showcasing a foldable design with an 18-inch display that folds to 13 inches, weighing only 1.16 kg [1] Group 2 - The State Administration of Foreign Exchange reported a positive trend in foreign investment in RMB assets, with foreign investors increasing their holdings of domestic bonds by 10.9 billion USD in April [2] - In late April, foreign investment in domestic stocks turned into net purchases, indicating a growing confidence in the Chinese market [2][3] Group 3 - Xinhua Insurance has been approved to participate in the third batch of long-term investment reform pilot programs, planning to establish the Honghu Fund Phase III, which has received regulatory approval [4] - This marks the third consecutive phase of the Honghu Fund initiated by Xinhua Insurance, reflecting a commitment to long-term investment strategies [4] Group 4 - Despite triggering "serious abnormal fluctuations," Chengfei Integration has seen its stock price rise for nine consecutive trading days, with a cumulative increase of 135.8% since May 7 [6] - The company has a low revenue contribution from its core aviation parts business, indicating that its recent stock performance may be driven more by market speculation than fundamental business strength [6][7] Group 5 - At least six rare earth material companies have received export licenses from the Ministry of Commerce, amid ongoing export control measures on certain rare earth elements [7] - The supply of rare earths may face short-term reductions due to various factors, although industry experts predict that prices will not experience significant fluctuations this year [7] Group 6 - The U.S. stock market experienced a collective decline, with major indices falling due to Moody's downgrade of the U.S. credit rating, impacting technology stocks significantly [8] - Notable declines were observed in major tech stocks, with Tesla dropping over 3% and other companies like Nvidia and TSMC also experiencing losses [8] Group 7 - The UK is expected to agree to restart trade and defense cooperation with the EU, marking a significant shift in relations since Brexit [9] - This move aims to boost economic growth and enhance security in the European region [9] Group 8 - The U.S. Congress is reviewing President Trump's comprehensive tax reduction bill, which has passed a key committee, but still faces challenges ahead [10][11] - The House Rules Committee is set to review the bill, with a potential vote expected later in the week [11][12] Group 9 - Ctrip's report indicates a strong recovery in the tourism sector for the upcoming Dragon Boat Festival, with domestic and inbound travel showing significant growth [14] - The report highlights a 100% increase in hotel search interest for inbound travel, suggesting a robust rebound in the tourism industry [14]

Core Viewpoint - The tourism sector is experiencing a significant rebound during the May Day holiday, driven by policy support and strong demand, indicating a potential shift from a "revenge travel" phase to a more normalized high prosperity phase in the Chinese tourism market [6][22]. Group 1: Tourism Demand and Trends - This year's May Day holiday marks the first holiday after the announcement of an extended break, leading to a notable release of long-distance travel demand [1][2]. - Nationally, ticket bookings for popular scenic spots increased by 30% year-on-year during the May Day period [3]. - Major attractions like Shanghai Disneyland and Beijing Universal Studios saw daily visitor numbers exceed 100,000 [4]. - The national railway is expected to transport 144 million passengers from April 29 to May 6, a 4.9% increase year-on-year, setting a historical record [4][5]. Group 2: Policy Support and Economic Indicators - The tourism market is characterized by a "volume and price increase" trend due to supportive policies [9]. - Data from the Ministry of Transport indicates that cross-regional mobility reached 33.27 million people on May 1, a 6.2% increase year-on-year [10]. - Retail and catering sales saw a 15% year-on-year increase, while tourism revenue grew by 20% during the first two days of the holiday [11]. Group 3: Travel Preferences and Consumer Behavior - Long-distance travel, cross-border movement, and the rise of county-level tourism are key trends this year [16]. - Long-distance travel accounted for 46% of total bookings, with a significant increase in mid-to-high-end free travel and customized travel demand [16]. - Cross-border tourism orders surged by 173% year-on-year, driven by policies like temporary visa exemptions and tax refunds [18]. Group 4: Market Dynamics and Stock Performance - Historically, the tourism sector often experiences "data heat, stock cold" phenomena, where strong performance metrics do not translate into stock price increases [7][23]. - The tourism sector's performance before the holiday often leads to a market that has already priced in expectations, resulting in potential declines post-holiday [26][30]. - In the lead-up to this year's May Day, several tourism stocks saw significant gains, indicating pre-holiday positioning by investors [29]. Group 5: Industry Competition and Future Outlook - The tourism industry is facing increasing competition, with more companies entering the market, leading to potential profit declines for listed companies [45][47]. - Companies with scarce resources, strong operational capabilities, and technological barriers are expected to have greater potential for growth [48]. - The tourism sector is projected to continue benefiting from government policies aimed at boosting domestic demand and consumption [54][56].

Core Viewpoint - On May 2, Macau recorded over 837,000 entries and exits, setting a new single-day historical record for border crossings, indicating a strong recovery in tourism post-pandemic [1] Group 1: Visitor Statistics - The number of inbound travelers reached over 221,900, marking the highest single-day entry since 2020 [1] - The majority of visitors entered through the Gongbei Port, followed by the Hengqin Port and the Hong Kong-Zhuhai-Macau Bridge [1] - On the same day, the Hengqin Port recorded over 128,000 entries and exits, also a new single-day record [1] - The Gongbei Port saw over 439,000 entries and exits, the highest since 2020 [1]