CTG DUTY-FREE (01880) surged more than 4%, reaching HK$74.1 by the time of writing, with a trading volume of HK$180 million. The uptick follows recent developments indicating that Hainan is one month away from implementing island-wide customs closure.
At a press briefing on November 18, Pan Cheng, Director of the Free Trade Zone and Special Customs Supervision Zone Development Department under the General Administration of Customs, stated that preparations for the customs closure are nearly complete. The authorities are ensuring smooth operations while maintaining regulatory oversight in line with the central government's directives on the Hainan Free Trade Port.
Policy-driven growth is already evident in duty-free sales. According to reports, from November 1 to 7, Haikou Customs supervised duty-free shopping worth RMB 506 million in Hainan, with 72,900 shoppers, marking year-on-year increases of 34.86% and 3.37%, respectively. Additionally, CTG DUTY-FREE's e-commerce platform in Hainan recorded sales exceeding RMB 950 million during the "Double 11" shopping festival, up 40.4% year-on-year, with single-day sales surpassing RMB 100 million.
Analysts at Guosheng Securities believe that as a leading duty-free operator, CTG DUTY-FREE stands to benefit from consumption repatriation, with growth potential across island, port, and downtown duty-free segments.
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