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Express News | JPMorgan Chase & Co's Long Position in H-Shares of China Tourism Group Duty Free Decreases to 9.68% on July 15 From 10.82% - HKEX
Citi: The launch of tax-free policies in the city is the next potential catalyst for China Tourism Group Duty Free Corporation (01880), with the target price lowered to HKD 87.
Citigroup lowers the profit forecast of China Tourism Group Duty Free Corporation (01880) for the fiscal years of 2024 to 2026 to 13.5%/15.4%/15.4% respectively.
China Tourism Group Duty Free Corporation (01880.HK) experienced shareholding reduction of 0.606 million shares by JPMorgan.
According to the latest equity disclosure data from the Hong Kong Stock Exchange, on July 12, 2024, China Tourism Group Duty Free Corporation (01880.HK) was reduced by JPMorgan Chase & Co. at an average price of 55.8921 Hong Kong dollars per share, reducing its holdings by 0.606 million shares, involving approximately 33.8694 million Hong Kong dollars. After the shareholding, JPMorgan Chase & Co.'s latest holding of good warehouse number is 12.5951 million shares, and the proportion of good warehouses held has decreased from 11.34% to 10.82%.
Express News | JPMorgan Chase's Long Position in H-Shares of China Tourism Group Duty Free Decreases to 10.82% on July 12 From 11.34% - HKEX
HK stocks unusual movement: China Tourism Group Duty Free Corporation (01880) fell more than 3% in the afternoon, the second-quarter performance of Hainan duty-free was worse than expected, mid-term net profit fell by about 36% YoY.
China Tourism Group Duty Free Corporation (01880) fell more than 3% in the afternoon. As of press time, it fell 2.37% to HKD 55.65, with a turnover of HKD 0.125 billion.
China Tourism Group Duty Free Corporation (01880.HK) received a shareholding of 0.8323 million shares from JPMorgan.
According to the latest equity disclosure information from the Stock Exchange, on July 11, 2024, China Tourism Group Duty Free Corporation (01880.HK) received JPMorgan Chase & Co.'s shareholding of 0.8323 million shares at an average price of HKD 54.3947 per share, with a total investment of approximately HKD 45.275 million. After the shareholding increase, JPMorgan Chase & Co. now holds 13.2011 million shares, and the shareholding ratio has increased from 10.62% to 11.34%.
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