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Hong Kong stocks are moving | Travel Concept stocks are rising today as measures to promote Consumer spending in cultural tourism and extend holidays are announced. Travel demand is expected to be concentrated during the Spring Festival.
Travel Concept stocks experienced a widespread increase today. As of the time of writing, TONGCHENGTRAVEL (00780) is up by 3.83%, trading at 18.96 HKD; TRIP.COM-S (09961) is up by 3.7%, trading at 532 HKD; China Tourism Group Duty Free Corporation (01880) is up by 2.74%, trading at 48.7 HKD; CHINA TRAVEL HK (00308) is up by 1.02%, trading at 0.99 HKD.
China Tourism Group Duty Free Corporation Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Hainan's offshore duty-free sales are under pressure, with "duty-free king" experiencing a 77% drop in net income in the fourth quarter.
The city is further increasing duty-free options.
Performance failure, management turmoil, the duty-free giant's Market Cap of 600 billion has vanished.
More than 300,000 shareholders are suffering.
[Brokerage Focus] UBS Group expects that China Tourism Group Duty Free Corporation (01880) will achieve positive revenue growth in 2025, maintaining a Target Price of 71.50 yuan for A-shares.
Jinwu Finance News | The research report released by UBS Group believes that China Tourism Group Duty Free Corporation (601888/01880) is expected to achieve positive revenue growth in 2025. In terms of revenue expectations, the company's management expects that Hainan's sales will remain stable in 2025, and airport sales are expected to achieve positive year-on-year growth. Currently, the company's inventory is within the normal range, adopting a "small batch + frequent" procurement strategy. If more South Korean duty-free operators stop cooperating with Chinese purchasing agents, it may encourage a return of consumer spending to China, which is Bullish for Chinese duty-free operators. Regarding Hainan's duty-free business, in the next 3-5 years, Hainan's current offshore duty-free shopping policy and
Hong Kong stock movement | China Tourism Group Duty Free Corporation (01880) plummeted over 5% due to a slowdown in Consumer demand and the impacts of the Industry cycle, with the company's full-year net profit declining by 36.5% year-on-year.
China Tourism Group Duty Free Corporation (01880) fell over 5%, as of the time of writing, it dropped 4.94%, priced at 46.2 Hong Kong dollars, with a transaction volume of 17.3366 million Hong Kong dollars.