Private Companies in China Tourism Group Duty Free Corporation Limited (SHSE:601888) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 4.0% Last Week

Key Insights China Tourism Group Duty Free's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public China Tourism Group

Simply Wall St18:59 ET

HK Stock Market Watch: China Tourism Group Duty Free Corporation (01880) rises nearly 5% due to bullish impact from consumption tax reform on duty-free price differentials, according to institutions.

China Tourism Group Duty Free Corporation (01880) has risen nearly 5%. As of press time, it has risen by 4.31%, reaching 53.2 Hong Kong dollars, with a turnover of 42.424 million Hong Kong dollars.

Zhitong FinanceJul 10 22:19 ET

Statistics on abnormal proportion of CITIC Hong Kong stock connect on July 11th.

Statistics on abnormal proportion of Zhittong Hong Kong Stock Connect | July 10, 2024

Zhitong FinanceJul 10 20:35 ET

China Tourism Group Duty Free Corporation (01880.HK) experienced a shareholding reduction of 0.5558 million shares by JPMorgan.

According to the latest equity disclosure information of the Stock Exchange, on July 4, 2024, China Tourism Group Duty Free Corporation (01880.HK) was reduced its shareholding by JPMorgan Chase & Co. at an average price of HKD 52.1503 per share, with a total of 0.5558 million shares and the transaction value approximately HKD 28.9852 million. After the reduction, the latest holding of JPMorgan Chase & Co.'s stake is 11.4775 million shares, and the proportion of the holdings has decreased from 10.33% to 9.86%.

Gelonghui FinanceJul 10 18:36 ET

Express News | Citigroup's Long Position in H-Shares of China Tourism Group Duty Free Increases to 6.20% on July 2 From 5.74% - HKEX

ReutersJul 8 05:26 ET

Hong Kong stock market fluctuations | China Tourism Group Duty Free Corporation (01880) is now down more than 5%. Deutsche Bank said that tax-free sales in April and May were lower than expected and expected tax rates will not be raised.

According to the news app of Wisdom Finance, China Tourism Group Duty Free Corporation (01880) fell more than 5%. As of press time, it fell by 5.15%, to HKD 51.55, with a turnover of HKD 61.9734 million. Deutsche Bank released a research report stating that the physical duty-free sales in Hainan from April to May were worse than expected at the beginning of May. Currently, the bank estimates that the overall duty-free sales in Hainan will reach 50 billion yuan, while the overall tourism retail sales in the mainland will remain roughly flat year-on-year. Deutsche Bank expects that China Tourism Group Duty Free Corporation's revenue in the second quarter of this year will further decline by 13% year-on-year, but the company's operating margin is expected to continue to expand to 12.6% in the second quarter. Gross profit.

Zhitong FinanceJul 7 22:43 ET