$China Tourism Group Duty Free Corporation Limited(601888)$$Trip.com Group Limited(TCOM)$$China Tourism And Culture Investment Group Co.,Ltd.(600358)$ Kia ora Tiger traders! 🌟 📈 China’s domestic tourism is back in full swing! From Q1 to Q3 of 2024, there were 4.29 billion trips made, with a massive 4.32 trillion yuan in total spending—marking solid increases of 16.8% and 17.1% year-over-year! These numbers are climbing rapidly towards the peak levels seen in 2019! 🏖️🇨🇳 This resurgence brings bullish opportunities across key stocks that stand to benefit from the boom in domestic travel. Let’s break it down: • China Tourism Group Duty-Free Corp (
Weekly Recap | Can the Hang Seng Index reverse its decline?
In the past week, the performance of Hong Kong stocks was still poor, with the $HSI(HSI)$ down 1.76% in a week, which fell more than the same period in 2023!Amid the gloom, the economic data released this week was mixed!According to data from the National Bureau of Statistics, CPI fell by 0.3% year on year in December, while PPI fell by 2.7%. The good news is that, according to data released by the General Administration of Customs, China's import and export totaled 3.81 billion yuan in December last year, growing by 2.8% year on year, with monthly import and export volume hitting a record high; among them, exports increased by 3.8%, and imports increased by 1.6%.Overseas, the United States released December CPI data on Thursday, up 3.4% year on ye
$China Tourism Group Duty Free Corporation Limited(601888)$ $CHINA TOURISM GROUP DUTY FREE CORP LTD.(CTGDF)$ $CTG DUTY-FREE(01880)$ Softening sales momentum.... CTGDF announced 1H23 preliminary results, expecting a 30% year-on-year (YoY) revenue growth and 2% YoY earnings decline. As such, it implies a 39% YoY revenue growth and around 14% YoY earnings growth in 2Q23. The revenue recovery momentum was slower than expected. On the positive front, gross profit margin (GPM) further recovered to 30% in 2Q23, rose 3.7 percentage points (ppt) quarter-on-quarter (QoQ). Its effort in lowering price discounts reflects the emphasis on balancing profitab
Weekly Recap: Terrible! HSI surges while Domestic Capital Flees Crazily!
In the past week, Hong Kong stocks shackled off the negative trend with Hang Seng Index surging 5.71% this week under the stimulation of two positive news. From the perspective of news, firstly, the National Development and Reform Commission have recently conducted fact-finding research of platform enterprises and unveiled a number of green light investment cases. Green light investment refers to investment deals mainly involving new technologies and services that can help empower the real economy. Then Premier Li Qiang convened a symposium on platform enterprises, proposing to promote the standardized, healthy and sustainable development of the platform economy.Affected by this favorable news, $HSTECH(HSTECH)