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HK Stock Market News | China Tourism Group Duty Free Corporation (01880) falls more than 5% during National Day holiday, Hainan offshore duty-free sales reached 0.785 billion yuan, with a year-on-year decrease in average daily sales.
china tourism group duty free corporation (01880) fell more than 5%, as of the deadline, down 5.31%, reported 60.6 Hong Kong dollars, turnover 0.439 billion Hong Kong dollars.
Domestic Tourism Spending in China Rises 6% During National Day Holiday
China Merchants Securities: Slight increase in National Day travel, volume increase, price stability, and trend towards improvement.
China Merchants Securities released research reports stating that during the 2024 National Day holiday, domestic tourism visits increased by 5.9% year-on-year, domestic tourism revenue increased by 6.3% year-on-year. Overall, domestic income and visits during the National Day period are steadily improving. The average travel expenditure per person has already approached the level of the same period in 2019, and the overall travel data meets market expectations.
China International Capital Corporation: Significant year-on-year growth in various consumer data during the National Day holiday, with impressive performance in categories such as household appliances, gold, and jewelry.
In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.
Hong Kong stocks are active | Travel concept stocks continue to rise, the National Day holiday travel market is hot, and the distribution of consumer vouchers is expected to accelerate the release of travel demand.
Travel concept stocks continued to rise. As of the time of publication, Ctrip Group-S (09961) rose by 6.9% to 542.5 Hong Kong dollars; China Tourism Group Duty Free Corporation (01880) rose by 5.17% to 75.3 Hong Kong dollars; China Travel HK (00308) rose by 3.57% to 1.16 Hong Kong dollars; Tongchengtravel (00780) rose by 2.66% to 20.45 Hong Kong dollars.
Express News | JPMorgan Chase & Co's Long Position in H Shares of China Tourism Group Duty Free Increases to 9.22% on Sept 26 From 8.58% - HKEX