【Brokerage Focus】CITIC SEC believes that the turning point for duty-free Operation still depends on the improvement of the Consumer environment, but this year's duty-free sales performance is expected to gradually improve year-on-year.

Jinwu Finance | CITIC SEC stated that according to Haikou Customs, the Hainan offshore duty-free sales in Q4 2024 fell by 21.4% year-on-year (a decline of 29.3% for the entire year), where the number of shoppers decreased by 19.4% (a decline of 15.9% for the entire year), and per capita consumption decreased by 2.6% (a decline of 15.9% for the entire year). The analysis attributes this to the combined impact of weakened consumer demand under the macroeconomic background, intensified competition from various taxed channels reducing conversion rates, and the ongoing high growth of outbound tourism diverting high-quality traffic. In Q4 2024, the intensity of discounts and promotions increased, and the sales decline narrowed compared to the previous quarter. Leading companies' revenue/net income in Q4 2024.

Jingwu Financial NewsJan 21 19:54 ET

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.

Zhitong FinanceJan 20 00:52 ET

China Tourism Group Duty Free Corporation Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Simply Wall StJan 18 19:07 ET

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.

wallstreetcnJan 17 04:09 ET

Performance failure, management turmoil, the duty-free giant's Market Cap of 600 billion has vanished.

More than 300,000 shareholders are suffering.

Gelonghui FinanceJan 17 01:48 ET

[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

Jingu Financial NewsJan 16 22:03 ET