CTG DUTY-FREE (01880) surged more than 3%, with a gain of 3.36% to HK$84.7 at the time of writing, registering a turnover of HK$68.4017 million.

On the news front, January 18 marked the one-month anniversary of the full customs closure operation of the Hainan Free Trade Port.

According to statistics from Haikou Customs, from December 18, 2025, to January 17, 2026, Haikou Customs supervised offshore duty-free shopping sales amounting to 4.86 billion yuan, a year-on-year increase of 46.8%; the number of shoppers reached 745,000 person-times, up 30.2% year-on-year; and the number of purchased items was 3.494 million, a rise of 14.6% compared to the previous year.

Guojin Securities believes that the company's growth is primarily driven by a fundamental recovery, rather than policy stimulus as perceived by the market.

Policy stimulus is short-term, whereas the improvement in fundamentals is long-lasting.

From the perspective of domestic demand, the recovery in high-end consumption forms the foundation for the revival of the duty-free industry, presenting a comprehensive opportunity for the sector.

Looking at external demand, the consumption potential of inbound tourists has not yet been fully recognized by the market.

Therefore, the sustainability of CTG DUTY-FREE's performance growth is expected to exceed expectations.