Baiyun Airport (600004.SH): Signed a cooperation contract with China Duty Free Group to operate the T1 Terminal Outbound Duty Free Project
Gelonghui, April 29丨Baiyun Airport (600004.SH) announced that Guangzhou Baiyun International Airport Co., Ltd. and China Duty Free (Group) Co., Ltd. signed a cooperation contract for the operation of the T1 terminal exit duty-free project. The company transferred the right to operate the specific site to China Free Group within the contract period, and China Duty Free Group will operate duty-free goods within the scope permitted by national policies in the above regions.
Zhitong Hong Kong Stock Short Position Statement Statistics|April 26
Zhitong Hong Kong Stock Short Position Statement | April 26
China Tourism Group Duty Free H-Share Target Price Raised to HK$94.00 From HK$64.60 >601888.SH
China Tourism Group Duty Free H-Share Target Price Raised to HK$94.00 From HK$64.60 >601888.SH
中國中免:2024年第一季度報告
China Tourism Group Duty Free 1Q Rev CNY18.81B, Down 9.45% on Year >601888.SH
China Tourism Group Duty Free 1Q Rev CNY18.81B, Down 9.45% on Year >601888.SH
China Zhongfeu (01880.HK) announced first-quarter results, net profit of 2.306 billion yuan, up 0.25% year on year
China Finance (01880.HK) released its report for the first quarter of 2024. The company's revenue was 18.807 billion yuan, down 9.45% year on year; net profit attributable to shareholders of listed companies was 2.306 billion yuan, up 0.25% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 2,299 billion yuan, up 0.15% year on year; basic earnings per share were 1.1148 yuan/share.
Changes in Hong Kong stocks | China Securities Exchange (01880) is now down more than 4% to hit a new low. First-quarter revenue fell more than 9% year on year, institutions say gross margin is expected to recover
China Free (01880) is now down more than 4%, with a low of HK$63.6, hitting a new low. As of press release, it fell 4.14% to HK$63.7, with a turnover of HK$24.65,800.
Changes in Hong Kong stocks | China's China Stock Exchange (01880) fell by more than 4%, short-term demand in the Hainan sector is under pressure, and the company's performance still needs to be repaired
China Free (01880) fell by more than 4%. As of press release, it was down 3.97% to HK$65.35, with a turnover of HK$72.4436 million.
China Free Holdings (01880.HK) received 125,800 shares from J.P. Morgan Chase
Glonghui, April 16 | According to the latest equity disclosure data of the Stock Exchange, on April 10, 2024, China Finance (01880.HK) obtained JPMorgan Chase & Co. increased its position by 125,800 shares at an average price of HK$72.9403 per share, involving approximately HK$9.176,600. After the increase in holdings, JPMorgan Chase & Co.'s latest number of open positions was 9.314,300 shares, and the holding ratio increased from 7.89% to 8.00%.
Changes in Hong Kong stocks | China Financial Services (01880) fell nearly 4%, per capita consumption fell, or dragged down overall performance, and the company's performance still needs to be repaired
China Free (01880) fell by nearly 4%. As of press release, it was down 3.98% to HK$68.8, with a turnover of HK$93.555 million.
China Telecom (01880.HK) held a board meeting on April 23 to review and approve the first quarter results
GLONGHUI, April 11 | China Banking Corporation (01880.HK) announced that it will hold a board meeting on April 23, 2024 (Tuesday) to review and approve (among other things) the first quarter results of the company and its subsidiaries for the three months ended March 31, 2024, and other issues.
CTG DUTY-FREE: DATE OF BOARD MEETING
CTG DUTY-FREE: 2023 Annual Report
Changes in Hong Kong stocks | China Financial Services (01880) fell by more than 3%, per capita consumption fell, or dragged down overall performance, Yamato downgraded the company's rating and target price
China Free (01880) fell by more than 3%. As of press release, it was down 3.07% to HK$72.6, with a turnover of HK$111 million.
Shen Wan Hongyuan: China's luxury consumption fundamentals are still strong and will continue to be the main growth engine for the global luxury goods market
Shen Wan Hongyuan released a research report saying that the sales growth rate of luxury brands recovered month-on-month in 23Q4, and the pace of differentiation among brands continued; the mainland Chinese customer base had an obvious driving effect on the surrounding travel consumer market.
China Tourism Group Duty Free Cut to Outperform From Buy by Daiwa >601888.SH
China Tourism Group Duty Free Cut to Outperform From Buy by Daiwa >601888.SH
Haitong International: Qingming travel data recovered well, focus on the “undervalized+procyclical” track
Qingming holiday ticket recovery surpassed the same period in 19 years for the first time in 23 years
Research Report Nuggets丨Cathay Pacific Jun An: China Free Q1 Performance Report Exceeds Expectations, Maintains “Gain” Rating
According to the Guotai Junan Research Report, the 2024Q1 China Exemption (601888.SH) performance report exceeded expectations, maintaining the 2024-2026 EPS of 3.74/4.30/4.59 yuan, respectively. Referring to the valuation of comparable companies in the same industry, considering the stable position of the leading Chinese free company, the 2024 PE was given 27 times higher than the industry average, maintaining the company's target price of 102.6 yuan, and maintaining an increase in holdings rating. In terms of duty-free outlying islands, Sanya International Duty Free Mall opened in Area C, the second phase of renovation and upgrading, and continuous optimization of brand supply and services; in terms of port channels, the company signed supplementary agreements with Capital Airport and Shanghai Airport
Bank Ratings | Macquarie: Lowering China's free target price to HK$115, slightly lowering net profit forecast for this year to 2026
Macquarie slightly lowered its target price in China, from HK$116 to HK$115, 25 times the projected price-earnings ratio for this year. The bank also lowered its net profit forecast for this year to 2026 by 0.8% to 1% to reflect the company's initial results for the first quarter of this year. According to the bank, China's revenue for the first quarter of this year fell 9% year-on-year, but it was far superior to the 20% to 30% year-on-year drop in sales in the Hainan offshore duty-free shop business, reflecting a significant improvement in the airport duty-free business. Nisshang Shanghai's net interest rate improved from balance of payments in the first half of last year to 2.6% in the second half of last year. It is believed that airport leasing contracts will be renewed, inventory removal completed, price adjustments, and product improvements will be improved this year
[Broker Focus] UBS “buys” ratings to China (01880) The market responds positively to the improvement in its core gross margin
Jinwu Financial News | According to UBS Research and Development Report, profit before tax fell 8% year-on-year in the first quarter of China Exemption (01880), which is basically in line with market expectations; however, net profit remained flat, or due to a decrease in the effective tax rate during the period. The bank continued that Hainan's offline duty-free sales in the first quarter fell 25% year on year, mainly due to the decline in the average spending power of customers and the impact on purchasing on behalf of customers. Benefiting from the increase in the number of international passengers and per capita consumption, duty-free sales at Shanghai and Beijing airports are expected to reach 1.8 billion yuan and 600 million yuan respectively. Core gross margin increased by nearly 4 percentage points year-on-year to 32.7% in the first quarter, thanks to online and Hainan lines
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