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Shenzhen Airport pax down 1%; GMR Infrastructure shares drop 4.3%

Analysis

China's Shenzhen Airport (-0.9%) passenger numbers were down 1% in traffic highlights reported for Nov-2010:

Summary
  • Shenzhen Airport in China experienced a 1% decrease in passenger numbers in November 2010.
  • Cargo volume at Shenzhen Airport increased by 25.3% during the same period.
  • Aircraft movements at Shenzhen Airport saw a slight increase of 0.7%.
  • GMR Infrastructure, Hainan Meilan, Malaysia Airports, and Airports of Thailand all experienced a decline in share prices.
  • Abertis and Auckland, on the other hand, saw an increase in their share prices.
  • Share prices for airport suppliers varied, with some experiencing a decline while others saw slight gains.
  • Passenger numbers: 2.1 million, -1.1% year-on-year;
  • Cargo volume: 71,900 tonnes, +25.3%;
  • Aircraft movements: 17,600, +0.7%.

GMR Infrastructure (-4.3%), Hainan Meilan (-3.2%), Malaysia Airports (-0.8%) and Airports of Thailand (-0.7%) all lost ground on Wednesday (08-Dec-2010) while Abertis (+1.9%) and Auckland (+2.9%) gained ground.

Selected airport operators/investors daily share price movements (% change): 08-Dec-2010

Shares for airport suppliers were a mixed bag on Wednesday with LVMH (-1.7%), Dufry (-1.3%) and JCDecaux (-0.7%) down while Autogrill (+0.8%), GateGroup (+1.5%) and Hellenic DFS (+2.8%) gained slightly.

Selected airport suppliers daily share price movements (% change): 08-Dec-2010

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