HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) fell more than 5% at the close, CITIC has recently reduced the company's AH target price, focusing on the sales rebound from the low base year-on-year.

China Tourism Group Duty Free Corporation (01880) fell more than 5% in the last trading session. As of the time of writing, it fell by 5.01% to HKD 64.5, with a turnover of HKD 79.3655 million. In terms of news, according to statistics from Haikou Customs, the amount of duty-free shopping in Hainan's outlying islands in the first quarter was 14.21 billion yuan, with 1.816 million visitors and 10.977 million items purchased, an increase of 25.7%, 18%, and 12% respectively year-on-year. The outlying island duty-free market is booming, with consumer vitality continuing to surge. Sinolink pointed out that in March, duty-free sales increased by 25% year-on-year. The growth rate of sales on a year-on-year basis increased by 10.3% compared to February, and market concerns about the sustainability of growth are expected to be eased. China Golden Securities released a research report stating that looking ahead to 2026, the bank is optimistic about the potential for growth in duty-free sales from departing tourists, island residents, digital products, and internal growth, and recommends continued attention to the rebound from the low base the previous year. China Golden Securities maintains its profit forecast for China Tourism Group Duty Free Corporation at 5.483 billion yuan and 6.31 billion yuan for the next two years; considering the downward shift in industry valuations, it has revised down the target price for the company's A-shares to 95 yuan and its H-shares to 95 Hong Kong dollars, while maintaining a "outperform industry" rating.