Individual Investors Own 36% of China Tourism Group Duty Free Corporation Limited (SHSE:601888) Shares but Private Companies Control 50% of the Company

Simply Wall StFeb 17 20:16 ET

Hong Kong stocks are moving | Travel Concept stocks are rising as the Spring Festival tourism market welcomes a good start. Institutions are bullish on the tourism demand still being strong.

Travel concept stocks rose, as of the time of writing, TONGCHENGTRAVEL (00780) increased by 6.96%, trading at 18.74 HKD; China Tourism Group Duty Free Corporation (01880) rose by 3.36%, trading at 49.2 HKD; TRIP.COM-S (09961) went up by 3.24%, trading at 541 HKD.

Zhitong FinanceFeb 13 01:33 ET

Major bank rating | Bank of China International: Reiterates that Trip.com is the preferred stock in the travel Sector.

China Merchants International published a Research Report, citing travel data from the Spring Festival holiday in January to February this year, believing that overall tourism demand in China remains strong. The bank stated that while it reaffirms its optimistic view on the tourism Industry, it believes that recent incidents of electronic fraud related to Chinese citizens in Thailand may lead to a decrease in outbound travel demand to Southeast Asia.

Gelonghui FinanceFeb 11 21:13 ET

During the Spring Festival holiday, the overall number of visitors to Hong Kong was approximately 1.4 million, with hotel occupancy rates generally reaching 90%.

The mainland Spring Festival holiday (from January 28 to February 4) ended yesterday, with a total of about 1.4 million visitors to Hong Kong, and the arrangements for receiving tourists were smooth.

Zhitong FinanceFeb 5 06:49 ET

Hong Kong stocks fluctuation | China Tourism Group Duty Free Corporation (01880) is currently down over 4%. Hainan duty-free is under short-term pressure affecting performance, with net profit in the fourth quarter down 77% year-on-year.

China Tourism Group Duty Free Corporation (01880) is currently down over 4%, as of the time of writing, down 4.31%, priced at 46.65 Hong Kong dollars, with a transaction amount of 67.2111 million Hong Kong dollars.

Zhitong FinanceFeb 5 01:11 ET

[Hong Kong Stock Connect] China Tourism Group Duty Free Corporation (01880) rose by 5.79%. Institutions indicate that the duty-free sales amount is expected to gradually improve year-on-year by 2025.

Jinwu Financial News | China Tourism Group Duty Free Corporation (01880) has stopped its decline and stabilized. As of the time of this report, the stock is up 5.79%, priced at 48.4 Hong Kong dollars, with a transaction value of 7.12 million Hong Kong dollars. In news, CITIC SEC reported that according to Haikou Customs, the tax-free sales in Hainan for Q4 2024 have decreased by 21.4% year-on-year (a full-year decrease of 29.3%). The analysis indicates that this is mainly influenced by factors such as weakened consumer demand due to the macroeconomic backdrop, increased competition from diversified taxable channels reducing conversion rates, and the continuous high growth of outbound tourism diverting high-quality customer flows. In Q4 2024, the intensity of discounts and promotions has increased, and the decline in sales has narrowed compared to the previous period. Leading companies received.

Jinwu Financial NewsFeb 3 20:46 ET