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銀河證券:建議把握機場板塊的底部佈局機會

銀河證券研報表示,機場板塊層面,當前機場板塊對於免稅協議重籤扣點率下降的悲觀情緒基本已被pricedin。未來國際線客流恢復仍將爲機場板塊主要看點。同時,一攬子政策驅動下,宏觀經濟及內需消費進一步復甦,也爲2025年商業板塊客單價提升提供了動力。樞紐機場免稅協議修訂情況及有稅商鋪招租進展還需再關注,雖未來免稅扣點率大概率難以迴歸疫情前高位水平,但確定性預期下,向下空間有限,且重奢品牌加速入駐有望帶來新的價值增長點。建議把握機場板塊的底部佈局機會。

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