Understanding the Market | MEILAN AIRPORT fell over 6%, Hainan's closure time has been set, institutions say there is uncertainty regarding the impact on offshore duty-free

Meilan Airport's stock price fell over 6%, down 6.26% as of the time of writing, at HKD 11.08, with a trading volume of HKD 62.6106 million. The closure date for Hainan Free Trade Port is set for December 18, 2025, and there is uncertainty regarding the impact of the offshore duty-free policy. Huachuang Securities expects Meilan Airport to achieve a net loss attributable to the parent company of HKD 380 million in 2024, but with the closure and the increase in Phase II capacity, the operating conditions are expected to improve. Hainan Airport plans to acquire controlling interest in Meilan Airport, and after the transaction, it will hold at least 50.19% equity