China Tourism Group Duty Free Corporation (01880) is currently up over 6%. As of the time of publication, it is up 6.19%, priced at HKD 56.6, with a transaction amount of 99.7688 million HKD.
According to Zhito Finance App, China Tourism Group Duty Free Corporation (01880) is currently up over 6%. As of the time of publication, it is up 6.19%, priced at HKD 56.6, with a transaction amount of 99.7688 million HKD.
In terms of news, the Duty Free Group has launched its 2024 Year-End Grand Celebration marketing campaign. This "Year-End Grand Celebration Activity" will last from November 21 to January 6 of the following year, using government consumption vouchers as a driver, covering popular events such as Double Twelve, Christmas, and New Year's Day, with a focus on the deep integration of year-end promotions and interactive experiences.
GTJA pointed out that with the peak travel season in Hainan approaching, the Duty Free Group is kicking off its year-end celebration, alongside initiatives like "Weekly Flash Sale Best-Sellers," "Shopping Spree Five Grand Gifts," and "Big Day Year-End Carnival Day," the offshore tax-free sales in Hainan are expected to improve. The bank noted that in the first three quarters of 2024, the company's duty-free store revenue at Peking International Airport increased by over 140% year-on-year, while the revenue at Shanghai International Airport's duty-free stores grew by nearly 60% year-on-year. The company continues to enhance its supply of best-selling commodities and broaden its commodity boundaries, introducing a total of 165 various commodity brands in the first three quarters, of which domestically produced brands account for over 40%. With the new tax-free policies implemented within the city, the company's system integration and related work are steadily advancing, and it is expected to contribute to performance growth in the medium term.