Pfizer covid-19 oral drug was approved in China to effectively deal with Omicron.
On February 11, in accordance with the relevant provisions of the drug administration and the special law procedures of the State Drug Administration, the drug administration conducted a review and approved the import registration of PFE. US coronavirus treatment drug nimat / ritonavir tablet combination packaging (i.e. paxlovid) with additional conditions. According to the State Food and drug administration, it is an oral small molecule COVID-19 virus therapy for adults with mild to moderate New Coronavirus pneumonia with severe risk factors. Pfizer previously stated that its latest trial showed that covid-19 oral pneumonia drug paxlovid was effective against Omicron variant virus. Covid-19 oral specific drug is relatively low-cost and easy to use, so it is easier to be popularized in a wide range to treat mild cases, and can block the community transmission of local epidemic more quickly and effectively. China's approval to import Pfizer oral drugs can further improve the existing epidemic prevention system and promote the rapid control of local epidemics and the recovery of offline consumption.
China tax exemption group won the bid for the entry and exit tax-free operation right of terminal T4 of Hangzhou Xiaoshan airport
On February 8, 2022, Zhejiang Airport Group Co., Ltd. officially issued the letter of acceptance, and China free group successfully won the bid for the operation right of the entry and exit tax-free project of terminal T4 of Hangzhou Xiaoshan International Airport. T4 terminal covers a total area of 720000 square meters, and the comprehensive transportation center covers an area of 480000 square meters. It is estimated that the passenger throughput will be 50 million person times in 2030. The winning of this bid will promote the company to further expand the business scale of tax-free business, form a business pattern with Hainan tax-free as the core and coordinated development of tax-free in multiple places, which is conducive to stabilizing the market share of the company and raising the popularity of China tax-free.
Tax free sales in Hainan outlying islands doubled during the Spring Festival holiday
On February 7, Hainan Provincial Department of Commerce released the latest sales data during the Spring Festival holiday. The data showed that from January 31, 2022 to February 6, 2022, the total sales of 10 outlying island duty-free stores in Hainan were 2.131 billion yuan, a year-on-year increase of 151%; Among them, the tax-free sales volume was 1.944 billion yuan, a year-on-year increase of 156%; The number of duty-free shoppers was 301800, a year-on-year increase of 138%; The number of duty-free purchases was 1815800, a year-on-year increase of 157%.
This week's view
With the launch of specific drugs / popularization of vaccines / effective environment of epidemic prevention system, offline consumer demand such as culture and tourism is expected to pick up and realize high elastic recovery. We suggest focusing on four main lines of recovery logic: 1) Tax exemption and human services sectors with prominent leading barriers ( China Tourism Group Duty Free Corporation Limited(601888) , Beijing Career International Co.Ltd(300662) ); 2). Recommend Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) , Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Btg Hotels (Group) Co.Ltd(600258) high-quality targets of the hotel sector at the bottom of the cycle / with stable long-term growth logic, and pay attention to Huazhu group; 3). Recommend Songcheng Performance Development Co.Ltd(300144) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) of high-quality scenic spots that benefit from the increased penetration of leisure / peripheral tourism, and pay attention to China Cyts Tours Holding Co.Ltd(600138) and Wuxi Online Offline Communication Information Technology Co.Ltd(300959) Fosun tourism with complete tourism industry chain business; 4). It is suggested to pay attention to Haidilao, the leading restaurant that is expected to be repaired in the same store after the epidemic, and jiumaojiu, a new brand & a new business type that is hatching.
Risk tips
Macroeconomic fluctuation risk; Repeated outbreaks exceed the expected risk; The risk of intensified industry competition; The landing of new projects / products is less than the expected risk; Food safety risks; Risk of major teaching accidents.
