Stock Track | CTG DUTY-FREE Plummets 5.08% Intraday Following CICC's Target Price Cut

Stock Track
04/09

CTG DUTY-FREE's stock price plummeted 5.08% during intraday trading on Thursday. The decline came amid active trading in the Hong Kong market.

The sharp drop followed a report from CICC which lowered its target price for the company's shares. While maintaining an "Outperform" rating on the stock, CICC reduced its A-share target price to RMB 95 and H-share target to HK$95, citing a downward shift in industry valuations. The firm kept its profit forecasts unchanged at RMB 5.483 billion for this year and RMB 6.31 billion for next year.

Despite the price target reduction, duty-free sales data from Hainan showed positive trends. First-quarter duty-free shopping sales in Hainan's offshore island market reached RMB 14.21 billion, representing a 25.7% year-on-year increase, with March sales growing 25% year-on-year. CICC expressed optimism about potential growth in duty-free sales by 2026, driven by multiple factors including outbound travelers and local resident allowances.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10