报告名称：Beijing Capital Int'l Airport(00694.HK)1st Take： FY15 results beat our estimates
报告类型：港股研究
报告日期：2016-03-23
研究机构：摩根士丹利
股票名称：北京首都机场股份
股票代码：00694
页数：7
简介：Our price target reflects a probability-weighted approach based on our DCF model. Our probability weights for our bull, base and bear cases remain at 10%, 75% and 15%. We applied greater weighting to our bear case that our bull case due to economic slowdown in China. We assume WACC at 10.5% based on a cost of equity of 13.0%, a cost of debt of 5.9% and a consistent target structure at 65% equity and 35% debt, and terminal growth of 0%.
下载地址：Beijing Capital Int'l Airport(00694.HK)1st Take： FY15 results beat our estimates
