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大摩:予中国中免(01880)“与大市同步”评级 目标价下调至55港元

Morgan Stanley: Rating China Tourism Group Duty Free Corporation (01880) as "in line with the market" with the Target Price lowered to 55 Hong Kong dollars.

Breakings ·  Jan 8 11:59

Morgan Stanley released a research report stating that it has lowered the Target Price for China Tourism Group Duty Free Corporation (01880) from 60 HKD to 55 HKD, maintaining a rating of "in line with the market." Morgan Stanley believes that the recovery of China Tourism Group's port business has been put back on track. Therefore, it has only slightly lowered the revenue and net profit forecast for China Tourism Group by 2% for last year. For 2025 and 2026, the firm has lowered the revenue forecast by 2% each and the net profit forecast by -7%/-4%, reflecting the impacts of increased port sales mix and more promotional activities.

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