Before the National Day holiday, Caesars tourism industry once rose more than 20percent. Can the momentum be sustained?

category:Finance
 Before the National Day holiday, Caesars tourism industry once rose more than 20percent. Can the momentum be sustained?


Although multiple positive concentrated release, but tourism, hotel plate in the pre holiday market volatility. In the middle of September, the tourism and hotel sector showed an overall upward trend, with tengbang international and Kaiser tourism rising by more than 20%. However, in late September, tourism and hotel sectors showed a downward trend. As of the end of September 30, Zhongxin tourism fell, while tengbang international, Lingnan holdings and Xian Tourism fell.

In the first half of this year, affected by the epidemic situation, among the 21 listed tourism enterprises including the new third board, 17 of them will suffer losses in 2020, and only 4 companies will be in a profitable State. Wind data shows that the total revenue of 21 listed tourism enterprises in the first half of this year was 24.12 billion yuan, compared with 35.15 billion yuan in the same period of last year, a year-on-year decrease of 31.38%.

However, there are still profitable tourism enterprises in the first half of the year, including Yunnan tourism, impression of Sanxiang, overseas Chinese city and Songcheng performing arts. Among them, the revenue of OCT in the first half of the year was 17.108 billion yuan, a year-on-year decrease of 3%; the net profit was 2.138 billion yuan, a year-on-year decrease of 24%.

Also hit hard during the outbreak was the aviation sector. Wind data shows that there are 10 A-share listed companies in Shenwan air transport sector and 4 A-share listed companies in airport sector. The total net profit attributable to the parent company of the air transport sector decreased by 551.95%, while that of the airport sector decreased by 118.48%. Since January 1 this year, the average stock price decline of air transport plate has reached 20.39%, and that of airport plate has reached 15.45%.

Some securities companies believe that the low performance of the aviation industry has passed, and the recovery of domestic aviation demand has accelerated.

Western Securities believes that the impact of the epidemic will not change the upward trend of the aviation industry and pay attention to the poor expectations brought about by structural repair. The worst moment of the second quarter of the aviation industry has passed, but the overall recovery of the industry is still a gradual process. In the short term, the low risk of the airlines business volume may have been fully released. The substantial progress of vaccine research and development, the elasticity of ticket price and the expected difference of structural repair caused by the liberalization of international routes are expected to catalyze the stock price upward. In the medium and long term, the impact of the epidemic will not change the upward trend of the aviation industry, and the suppressed and delayed travel demand is expected to be released after the epidemic, forming a strong rebound. Huachuang securities also said that the aviation industry entered the strategic allocation time point. At present, the aviation sector is at a low level, and this year it has significantly lost the CSI300 index. During the process from the recovery of industry fundamentals to the recovery of mood, the performance of airline stock price has not completely matched, and the worst time of the industry has been clearly passed. The overall performance of the second quarter has narrowed compared with the loss in the first quarter. It is expected that the loss margin will be further narrowed in the third quarter. Shell finance reporter Zhang Zeyan, editor Chen Li proofread Jia Ning_ NF4368

Western Securities believes that the impact of the epidemic will not change the upward trend of the aviation industry and pay attention to the poor expectations brought about by structural repair. The worst moment of the second quarter of the aviation industry has passed, but the overall recovery of the industry is still a gradual process. In the short term, the low risk of the airlines business volume may have been fully released. The substantial progress of vaccine research and development, the elasticity of ticket price and the expected difference of structural repair caused by the liberalization of international routes are expected to catalyze the stock price upward. In the medium and long term, the impact of the epidemic will not change the upward trend of the aviation industry, and the suppressed and delayed travel demand is expected to be released after the epidemic, forming a strong rebound.

Huachuang securities also said that the aviation industry entered the strategic allocation time point. At present, the aviation sector is at a low level, and this year it has significantly lost the CSI300 index. During the process from the recovery of industry fundamentals to the recovery of mood, the performance of airline stock price has not completely matched, and the worst time of the industry has been clearly passed. The overall performance of the second quarter has narrowed compared with the loss in the first quarter. It is expected that the loss margin will be further narrowed in the third quarter.