China Tourism Group Duty Free Corporation (01880) had previously been continuously declining, and rebounded more than 3% in the afternoon. As of press time, it has increased by 2.99%, reporting HKD 51.75 and a turnover of HKD 106 million.
According to the Zhītōng Finance app, China Tourism Group Duty Free Corporation (01880) had previously been continuously declining, and rebounded more than 3% in the afternoon. As of press time, it has increased by 2.99%, reporting HKD 51.75 and a turnover of HKD 106 million.
Soochow Securities pointed out that despite the pressure faced by the duty-free industry in the context of low consumer willingness to spend and the diversion of overseas luxury goods consumption in 2023-2024, it remains an important sales channel for luxury goods consumption in China. After the stabilization of the Hainan offshore duty-free market, if the duty-free policy for entry and exit is further relaxed, it is expected to promote the overall stability and growth of the duty-free industry, and the core airport ports are also expected to become important beneficiaries.
The bank pointed out that the detailed policies of downtown stores will effectively affect their proportion in the entry-exit duty-free market, and further affect the share of all market participants. Looking at the current layout of downtown and airport, China Tourism Group Duty Free Corporation will still dominate the entry-exit duty-free market. It is recommended to pay close attention to the timing and details of downtown duty-free policies.