Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

Aircraft manufacturers Airbus and Boeing are bullish about sales prospects in Asia, but is it a bit too early to write off China's aerospace industry, which, despite technical shortcomings, has received strong state backing?

Aircraft manufacturers Airbus and Boeing are bullish about sales prospects in Asia, but is it a bit too early to write off China's aerospace industry, which, despite technical shortcomings, has received strong state backing?

Clouds Ahead for Foreign Aircraft Sales in China?

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

China’s wage has been increasing and is now higher than some of its peers. This means operating in China involves paying more in wages, which can cause the profit margin to narrow. An important question for businesses is if they can save by moving or planning future expansions in countries where wages are still below China. This article explores the implication of China’s rising wage rates for business organisations and forms a part of our upcoming briefing titled Facilitating Trade.

China’s wage has been increasing and is now higher than some of its peers. This means operating in China involves paying more in wages, which can cause the profit margin to narrow. An important question for businesses is if they can save by moving or planning future expansions in countries where wages are still below China. This article explores the implication of China’s rising wage rates for business organisations and forms a part of our upcoming briefing titled Facilitating Trade.

China Still Lucrative for Businesses Despite the Rising Wage Rates

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Hainan Meilan International Airport / Event-Driven

Hainan Meilan International Airport (357 HK)

<ul>
<li>Given the change of control into <a href="https://www.smartkarma.com/entities/hainan-meilan-international-airport-company-limited" target="_blank" data-smartkarma-citation="entities:12545:1" rel="noopener">Meilan Airport (357 HK)</a>, was, in effect, a  re-arrangement of Meilan Airport shares under the same ultimate parent, the regulatory approval process curiously dragged.</li>
<li>Yesterday Meilan Airport announced all SPA conditions have now been satisfied, and that the SPA should complete in 20 business days. A Composite Doc will then be issued.</li>
<li>Trading almost at terms. This is a back-end proposition play. My peer basket is up 11%, on average, since the Offer was first announced. Asian peers are up 15%.</li>
</ul>


Given the change of control into Meilan Airport (357 HK), was, in effect, a  re-arrangement of Meilan Airport shares under the same ultimate parent, the regulatory approval process curiously dragged.
Yesterday Meilan Airport announced all SPA conditions have now been satisfied, and that the SPA should complete in 20 business days. A Composite Doc will then be issued.
Trading almost at terms. This is a back-end proposition play. My peer basket is up 11%, on average, since the Offer was first announced. Asian peers are up 15%.


Meilan Airport (357 HK)'s SPA (Finally) Done. Now For The HK$10.62/Share MGO

<ul>
<li>Back on the 30th April 2025, <a href="https://www.smartkarma.com/entities/hainan-meilan-international-airport-company-limited" target="_blank" data-smartkarma-citation="entities:12545:1" rel="noopener">Hainan Meilan International Airport (357 HK)</a> ("Meilan Airport") <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0430/2025043004181.pdf" target="_blank" rel="noopener">announced</a> a potential change of control, via its domestic shares.</li>
<li>In principle, this situation involves the re-arrangement of Meilan Airport shares under the same ultimate beneficiary. Nevertheless, the share transfer will trigger an unconditional MGO at HK$10.62/share. </li>
<li>Yesterday, H-class shareholders <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1106/2025110601740.pdf" target="_blank" rel="noopener">approved</a> a "Special Deal" at an EGM. And the share price closed above terms. That vote has nothing to do with the share transfer. Perhaps ...</li>
</ul>


Back on the 30th April 2025, Hainan Meilan International Airport (357 HK) ("Meilan Airport") announced a potential change of control, via its domestic shares.
In principle, this situation involves the re-arrangement of Meilan Airport shares under the same ultimate beneficiary. Nevertheless, the share transfer will trigger an unconditional MGO at HK$10.62/share. 
Yesterday, H-class shareholders approved a "Special Deal" at an EGM. And the share price closed above terms. That vote has nothing to do with the share transfer. Perhaps ...


Meilan Airport (357 HK)'s Special Deal And Tardy MGO

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Bottom-Up

<ul>
<li>Combined January-February activity indicates demand growth continues to slow down</li>
<li>Similarly, capacity restoration &amp; load factors on outbound flights appear to have stagnated </li>
<li>We expect shares of Chinese airlines to continue to outperform travel platform Trip.com</li>
</ul>


Combined January-February activity indicates demand growth continues to slow down
Similarly, capacity restoration &amp; load factors on outbound flights appear to have stagnated 
We expect shares of Chinese airlines to continue to outperform travel platform Trip.com


Monthly Chinese Tourism Tracker | Growth of Travel Demand Slowed in January-February (March 2025)

China

Hainan Airlines Co., Ltd. provides passenger and freight air transportation. The Company also provides charter flight services. 

Price Gauge
52-week Range	0.00 - 0.00
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Hainan Airlines Co (600221 CH)

Clouds Ahead for Foreign Aircraft Sales in China?

Aircraft manufacturers Airbus and Boeing are bullish about sales prospects in Asia, but is it a bit too early to write off China's aerospace...

Bixmoor

China Still Lucrative for Businesses Despite the Rising Wage Rates

China’s wage has been increasing and is now higher than some of its peers. This means operating in China involves paying more in wages, which can...

Euromonitor International Ltd.

Meilan Airport (357 HK)'s Special Deal And Tardy MGO

The SPA/MGO is a clean deal for Meilan Airport. I previously mused this may trade through terms given the change of control. I have no strong...

David Blennerhassett

Monthly Chinese Tourism Tracker | Growth of Travel Demand Slowed in January-February (March 2025)

The growth of Chinese travel demand appeared to slow in the first two months of 2025. We believe the Chinese airlines can continue to outperform...

Tracking Traffic

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Clouds Ahead for Foreign Aircraft Sales in China?

Aircraft manufacturers Airbus and Boeing are bullish about sales prospects in Asia, but is it a bit too early to write off China's aerospace...

Bixmoor

China Still Lucrative for Businesses Despite the Rising Wage Rates

China’s wage has been increasing and is now higher than some of its peers. This means operating in China involves paying more in wages, which can...

Euromonitor International Ltd.

Meilan Airport (357 HK)'s SPA (Finally) Done. Now For The HK$10.62/Share MGO

Hainan Meilan International Airport (357 HK)'s Composite Doc is now out. The close of the Offer is the 30th Jan. Trading through terms. To be...

David Blennerhassett

Meilan Airport (357 HK)'s Special Deal And Tardy MGO

The SPA/MGO is a clean deal for Meilan Airport. I previously mused this may trade through terms given the change of control. I have no strong...

David Blennerhassett

Monthly Chinese Tourism Tracker | Growth of Travel Demand Slowed in January-February (March 2025)

The growth of Chinese travel demand appeared to slow in the first two months of 2025. We believe the Chinese airlines can continue to outperform...

Tracking Traffic