On June 15, China Tourism Group Duty Free rose 3.4% in regular trading, trading at HKD 57.0/share, with turnover of HKD 31.05 million.
On the news front, Zheshang Securities initiated coverage on the company with an Overweight rating, citing a full recovery in global travel retail and the company's consolidated leadership position through omni-channel barriers, premium category upgrades, and supply chain cost optimization. The report noted that global travel retail reached USD 74.1 billion in 2024, growing 3.06% year-over-year, with China's domestic duty-free sector expanding steadily at a scale of hundreds of billions of RMB.
Additionally, six government departments jointly launched eight measures to optimize the departure tax refund process, effective July, including spot-check mechanisms for refund receipts under RMB 10,000, full paperless processing, and a unified extension of departure deadlines to 28 days. Fundamentally, the company reported Q1 net profit attributable to shareholders growing 21.18% year-over-year, with Hainan duty-free shopping revenue up 26% and inbound tourist arrivals surging over 53%, directly supporting duty-free consumption demand recovery.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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