Hong Kong Stocks Movement | CTG DUTY-FREE (01880) Opens 3% Higher as Hainan Duty-Free Sales Surge 61% on First Day of Island Closure

Stock News12-22 09:28

CTG DUTY-FREE (01880) opened over 3% higher, rising 3.68% to HK$73.3 by the time of reporting, with a turnover of HK$3.775 million. According to Haikou Customs data released on December 19, duty-free shopping in Hainan on December 18—the first day of the island-wide customs closure—reached RMB 161 million, with 24,800 shoppers purchasing 118,000 items, marking year-on-year increases of 61%, 53.1%, and 25.5%, respectively. Sanya also reported strong duty-free sales of RMB 118 million on the same day.

Industrial Securities noted that the opening of new downtown duty-free stores in Q3-Q4 has expanded customer reach through duty-free promotions and supplementary tax-paid retail strategies. Additionally, optimized policies for island departure duty-free, port, and downtown duty-free shops have broadened store coverage, expanded customer demographics, increased product categories, and streamlined approval processes—all contributing to sales growth. The duty-free sector currently benefits from favorable market positioning and a recovering fundamental outlook, with further policy-driven catalysts expected.

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