China Tourism Group Duty Free's 2H Earnings Likely to Grow -- Market Talk

Dow Jones09-03

0828 GMT - China Tourism Group Duty Free's sales and net profit are likely to grow 2H despite sluggish sales in Hainan in 1H, China Galaxy International analysts write in a note. Hainan, a popular tourist destination, is a key market in the duty-free space. CTGDF earnings will likely be supported by the quick recovery of its airport segment, they say. The company said airport channel duty-free sales rose over 100% on year in 1H and expects that momentum to continue in 2H, the analysts add. However, the brokerage trims 2024-2026 EPS forecasts for CTGDF by 5.1%-5.4% to reflect the weak sales in Hainan. It cuts the stock's target to CNY68.00 from CNY70.00 and retains a hold rating. Shares closed at CNY59.14.( amanda.lee@wsj.com)

(END) Dow Jones Newswires

September 03, 2024 04:29 ET (08:29 GMT)

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However, the brokerage trims 2024-2026 EPS forecasts for CTGDF by 5.1%-5.4% to reflect the weak sales in Hainan. It cuts the stock's target to CNY68.00 from CNY70.00 and retains a hold rating. 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Hainan, a popular ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"601888","symbol_name":"中国中免","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2464821803","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464821803","pubTimestamp":1725352140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0828 GMT - China Tourism Group Duty Free's sales and net profit are likely to grow 2H despite sluggish sales in Hainan in 1H, China Galaxy International analysts write in a note. Hainan, a popular tourist destination, is a key market in the duty-free space. CTGDF earnings will likely be supported by the quick recovery of its airport segment, they say. The company said airport channel duty-free sales rose over 100% on year in 1H and expects that momentum to continue in 2H, the analysts add. However, the brokerage trims 2024-2026 EPS forecasts for CTGDF by 5.1%-5.4% to reflect the weak sales in Hainan. It cuts the stock's target to CNY68.00 from CNY70.00 and retains a hold rating. Shares closed at CNY59.14.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"601888":"中国中免"},"translate_title":"中国旅游集团免税2H盈利可能增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601888":0.9},"content_text":"0828 GMT - China Tourism Group Duty Free's sales and net profit are likely to grow 2H despite sluggish sales in Hainan in 1H, China Galaxy International analysts write in a note. Hainan, a popular tourist destination, is a key market in the duty-free space. CTGDF earnings will likely be supported by the quick recovery of its airport segment, they say. The company said airport channel duty-free sales rose over 100% on year in 1H and expects that momentum to continue in 2H, the analysts add. However, the brokerage trims 2024-2026 EPS forecasts for CTGDF by 5.1%-5.4% to reflect the weak sales in Hainan. It cuts the stock's target to CNY68.00 from CNY70.00 and retains a hold rating. 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