Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> CICC Lowers TP for CHINA DUTY FREE (01880.HK) to HKD95, Focuses on Subsequent Growth Pace in Hainan
Recommend 7 Positive 3 Negative 1 |
||||
|
||||
|
CICC's research report noted that CHINA DUTY FREE (01880.HK) announced its 2025 results, with revenue decreasing by 4.92% year-on-year to RMB53.694 billion, and net profit attributable to the parent company decreasing by 15.96% year-on-year to RMB3.586 billion. The firm believes that last year's fourth-quarter results met market expectations. Looking ahead to 2026, CICC is optimistic about the potential for duty-free sales growth driven by outbound travelers, island residents' duty-free purchases, digital products, and organic growth, suggesting continued attention to the rebound from a low base year-on-year. CICC maintains its profit forecasts for CHINA DUTY FREE for this year and next at RMB5.483 billion and RMB6.31 billion, respectively. Considering the downward shift in the industry's valuation center, the target price for CHINA DUTY FREE A-shares (601888.SH) is lowered to RMB95, and the target price for H-shares is lowered to HKD95. The rating for both its Hong Kong and A-shares remains "Outperform." (hc/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
