麦格理的研究报告指，中国中免(01880.HK) 销售跌幅持续收窄，按年跌幅由2024年第四季的19.5%，收窄至今年首季11%，期内毛利按年稳定在33%，按季改善4.4个百分点，主要因为推广减少、产品组合改善，以及主动去库存。公司部分免税店正在进行装修，并计划年内重新开张13家升级的市中心门店。管理层亦提到，与太地(01972.HK) 合作的三亚国际免税城第三期进度良好，计划明年完工。
该行将对公司今明两年的纯利预测分别上调6.7%及1%，H股目标价上调1%至73.6元，评级“跑赢大市”。(vc/u)
(港股报价延迟最少十五分钟。沽空资料截至 2025-04-30 16:25。)
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