HK Stock Movement | CTG DUTY-FREE (01880) Drops Over 5% in Early Trading as Hainan Customs Closure Takes Effect; Analysts Expect Policy Benefits to Materialize Next Year

Stock News10:26

CTG DUTY-FREE (01880) surged 15% yesterday but retreated over 5% in early trading today, falling 5.19% to HKD 77.6 by the time of writing, with a turnover of HKD 599 million.

According to customs data released on December 19, Hainan's duty-free shopping sales reached CNY 161 million on December 18, the day the island-wide customs closure policy took effect. The number of shoppers and transactions rose by 53.1% and 25.5% year-on-year, respectively, to 24,800 and 118,000.

Additionally, duty-free sales in Sanya exceeded CNY 100 million for three consecutive days (December 18–20), with year-on-year growth of 45.8% and 47% on December 19 and 20, respectively.

Guotai Haitong Securities noted that the full implementation of Hainan’s customs closure, combined with the upcoming New Year and Lunar New Year holidays, is expected to boost CTG DUTY-FREE's performance. The brokerage highlighted that while the policy's impact in 2025 will be limited, its full benefits will likely emerge in 2026.

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