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The potential of "China Travel": there is still an annual increase of 200-350 billion RMB.
Bank of America predicts that if the proportion of tourism exports to GDP in China can catch up to the levels of South Korea or Japan, it will bring more than 20-350 billion yuan in income to China's tourism industry.
Is It Time To Consider Buying China Tourism Group Duty Free Corporation Limited (SHSE:601888)?
In 2024, Hainan's duty-free sales dropped by more than 10 billion yuan, and China Tourism Group Duty Free Corporation's Listed in Hong Kong shares have fallen nearly 40% from their previous highs.
① In 2024, duty-free sales in Hainan will decline by over 10 billion yuan. How significant will the drop be? ② China Tourism Group Duty Free Corporation's Listed in Hong Kong share price has fallen nearly 40% from its previous high. What is the view of the Institutions?
Hong Kong stocks movement | China Tourism Group Duty Free Corporation (01880) fell more than 4% in the afternoon as offshore duty-free sales remain under pressure in the short term, with market sentiment affected by macro consumer strength.
China Tourism Group Duty Free Corporation (01880) fell more than 4% in the afternoon, as of the time of writing, down 4.14%, trading at 50.9 Hong Kong dollars, with a turnover of 42.285 million Hong Kong dollars.
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