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Hainan Meilan International Airport Company
(0357)
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Rating:44Neutral
Price Target:
HK$4.00
â–¼(-61.43% Downside)
Action:Reiterated
Date:05/27/26
The score is driven primarily by weak financial performance (multi-year net losses and higher leverage) and bearish technicals (price below all key moving averages with negative momentum). Positive operating/free cash flow provides some support, but the negative P/E underscores that profitability has not normalized.
Positive Factors
Consistent positive cash flow
Sustained positive operating and free cash flow across 2022–2025 provides durable liquidity and internal funding for operations and maintenance at a capital-intensive airport. This reduces near-term refinancing pressure and underpins ability to service debt and fund routine capex over the next 2–6 months.
Negative Factors
Multi-year net losses
Recurring net losses and negative operating margins through 2022–2025 signal persistent profitability challenges. Multi-year losses erode retained earnings and weaken returns on capital, making sustainable recovery dependent on volume recovery or structural revenue improvements over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent positive cash flow
Sustained positive operating and free cash flow across 2022–2025 provides durable liquidity and internal funding for operations and maintenance at a capital-intensive airport. This reduces near-term refinancing pressure and underpins ability to service debt and fund routine capex over the next 2–6 months.
Read all positive factors
Hainan Meilan International Airport Company (0357) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.02B
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth-7.61%
EPS Growth26.48%
CountryHK
Employees4,115
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.59
Shares Outstanding226,913,000
10 Day Avg. Volume2,245,527
30 Day Avg. Volume1,575,645
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)1.19
Price to Sales (P/S)2.26
P/FCF Ratio17.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.40Price Target Upside-38.28% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)-0.45
Revenue Forecast (FY)HK$2.18B
Hainan Meilan International Airport Company Business Overview & Revenue Model
Company Description
Hainan Meilan International Airport Company Limited, along with its associated entities, oversees both aviation and commercial activities at Haikou Meilan International Airport, located in Haikou, People's Republic of China. The company's core avi...
How the Company Makes Money
The company primarily makes money through airport-related charges and commercial/non-aeronautical income generated from operating Haikou Meilan International Airport. Aeronautical revenue typically comes from fees charged to airlines and airport u...
Hainan Meilan International Airport Company Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
44
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.01B | 2.17B | 2.09B | 1.14B | 1.61B |
| Gross Profit | -79.60M | 149.17M | 38.45M | 18.72M | 734.27M |
| EBITDA | 92.51M | 323.81M | 803.15M | 251.55M | 739.56M |
| Net Income | -279.00M | -381.44M | -136.01M | -155.30M | 765.13M |
Balance Sheet | |||||
| Total Assets | 9.92B | 10.98B | 11.36B | 10.64B | 11.14B |
| Cash, Cash Equivalents and Short-Term Investments | 311.15M | 541.08M | 203.65M | 119.43M | 212.12M |
| Total Debt | 3.02B | 3.74B | 3.68B | 2.12B | 2.09B |
| Total Liabilities | 6.12B | 6.93B | 7.12B | 6.23B | 6.57B |
| Stockholders Equity | 3.81B | 4.06B | 4.27B | 4.41B | 4.53B |
Cash Flow | |||||
| Free Cash Flow | 258.13M | 304.30M | 200.14M | 65.12M | 511.15M |
| Operating Cash Flow | 355.48M | 729.89M | 526.94M | 174.04M | 828.19M |
| Investing Cash Flow | -97.23M | -425.52M | -326.69M | -106.22M | -316.38M |
| Financing Cash Flow | -526.03M | 33.06M | -116.02M | -125.86M | -592.03M |
Hainan Meilan International Airport Company Technical Analysis
Negative
10.37
Price Trends
4.82
Negative
5.99
Negative
8.25
Negative
Market Momentum
-0.17
Negative
43.21
Neutral
51.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0357, the sentiment is Negative. The current price of 10.37 is above the 20-day moving average (MA) of 4.27, above the 50-day MA of 4.82, and above the 200-day MA of 8.25, indicating a bearish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 43.21 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0357.
Hainan Meilan International Airport Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$5.07B | 12.29 | 1.61% | 7.48% | 2.77% | 104.40% | |
69 Neutral | HK$3.63B | 5.45 | 4.48% | 6.69% | -14.81% | -3.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | HK$2.64B | 7.67 | 7.99% | 6.29% | -7.71% | 31.19% | |
48 Neutral | HK$140.04B | 52.19 | 4.53% | ― | 2.95% | -634.39% | |
44 Neutral | HK$2.02B | -6.25 | -5.08% | ― | -7.61% | 26.48% | |
44 Neutral | HK$7.51B | -10.55 | -4.76% | ― | 2.58% | 54.45% |
* Industrials Sector Average
HK:0357
Hainan Meilan International Airport Company
4.26
-7.22
-62.89%
HK:0753
Air China
3.96
-1.51
-27.61%
HK:0694
Beijing Capital International Airport Co
1.64
-1.42
-46.41%
HK:1848
China Aircraft Leasing Group Holdings
3.53
-0.56
-13.71%
HK:3382
Tianjin Port Development Holdings
0.59
-0.06
-8.67%
HK:0062
Transport International Holdings Limited
9.46
1.10
13.18%
Hainan Meilan International Airport Company Corporate Events
Hainan Meilan Airport Calls August EGM to Approve Procurement and Connected Deals
Jul 15, 2026
Hainan Meilan International Airport Company Limited has convened an extraordinary general meeting for 6 August 2026 in Haikou, Hainan, to seek shareholder approval and ratification of the Hainan Airport Procurement Framework Agreement. The meeting...
Hainan Meilan Airport Further Delays Shareholder Circular on Connected Deals
Jun 30, 2026
Hainan Meilan International Airport Company has announced another postponement in sending a shareholder circular related to framework agreements and continuing connected transactions. The document, which will detail non-exempt connected dealings a...
Hainan Meilan Airport Sets Detailed Audit Committee Mandate to Strengthen Oversight
Jun 23, 2026
Hainan Meilan International Airport Company Limited has detailed the terms of reference and procedures for its Board’s Audit Committee, defining it as a special committee that also exercises powers comparable to a supervisory board under Chi...
Hainan Meilan Airport Tightens Governance With New Remuneration Committee Mandate
Jun 23, 2026
Hainan Meilan International Airport Company Limited has formalised detailed terms of reference for its Board Remuneration Committee, defining its authority over pay policies for directors and senior management, including salary structure, benefits...
Hainan Meilan Airport Sets Formal Mandate for Board Nomination Committee
Jun 23, 2026
Hainan Meilan International Airport Company has formalized the terms of reference and procedures for its Board Nomination Committee, detailing its authority to oversee board structure, composition, and succession planning. The committee is tasked ...
Hainan Meilan Airport Further Delays Circular on Connected Transactions
Jun 18, 2026
Hainan Meilan International Airport Company Limited operates an international airport in Hainan Province, China, providing aviation infrastructure and related services. Listed in Hong Kong under stock code 357, it is governed by a diversified boar...
Hainan Meilan Airport Further Delays Circular on Connected Transactions
Jun 5, 2026
Hainan Meilan International Airport Company has announced a further delay in sending a shareholder circular related to framework agreements and non-exempt continuing connected transactions. The circular, which will include details of these transac...
Hainan Meilan Airport Shareholders Back 2025 Reports and Accounts at AGM
May 21, 2026
Hainan Meilan International Airport Company Limited, an operator of Meilan International Airport in Hainan, China, focuses on airport operations and related services, and is listed in Hong Kong with both H shares and domestic shares. Its governanc...
Hainan Meilan Airport Further Delays Circular on Connected Transactions
May 20, 2026
Hainan Meilan International Airport Company Limited has announced a further delay in sending a shareholder circular related to framework agreements and continuing connected transactions that require independent review. The circular, which will inc...
Hainan Meilan Airport Names Finance Chief Tian Qingquan as Employee Director
Apr 29, 2026
Hainan Meilan International Airport Company has elected Tian Qingquan as its employee director, effective 28 April 2026, following a democratic vote by staff representatives in line with its articles of association. Tian, aged 49, currently serves...
Hainan Meilan Airport Sets Out Board and Committee Structure
Apr 29, 2026
Hainan Meilan International Airport Company Limited has disclosed the current composition of its board of directors, detailing the mix of executive, non-executive, independent non-executive, and employee directors, including the chairman, presiden...
Hainan Meilan Airport Further Delays Circular on Connected Transactions
Apr 28, 2026
Hainan Meilan International Airport Company has announced a further delay in sending a shareholder circular related to framework agreements and non-exempt continuing connected transactions. The document, which will include advice from an independe...
Hainan Meilan Airport Sets 2026 AGM, Proposes No 2025 Final Dividend and New Share Mandate
Apr 27, 2026
Hainan Meilan International Airport Company Limited has convened its annual general meeting for 21 May 2026 in Haikou to review the board and supervisory committee work reports, approve the audited financial statements for 2025 and set the 2026 re...
Hainan Meilan Airport Shareholders Back New Board Appointments at Extraordinary Meeting
Apr 22, 2026
Shareholders of Hainan Meilan International Airport Company Limited approved all resolutions at an extraordinary general meeting held on 22 April 2026, with voting conducted by poll and overseen by Computershare Hong Kong Investor Services as scru...
Hainan Meilan Airport Clarifies Board Composition and Governance Roles
Apr 22, 2026
Hainan Meilan International Airport Company Limited has announced the current composition of its board of directors, which includes executive, non-executive, and independent non-executive directors, with Wang Hong serving as chairman and Qiu Guoli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.