CTG DUTY-FREE (01880) saw its stock plummet by 5.68% during intraday trading on Tuesday, following a 15% surge the previous day. The sharp decline is attributed to profit-taking by investors after the recent rally.
The drop coincides with the implementation of Hainan's island-wide customs closure policy, which took effect on December 18. While the policy has initially boosted duty-free sales in Hainan, analysts from Guotai Haitong Securities note that its full benefits are expected to materialize in 2026, leading to short-term volatility.
Despite the current pullback, the upcoming New Year and Lunar New Year holidays are anticipated to further drive duty-free sales, potentially supporting CTG DUTY-FREE's performance in the near term.
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