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China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) has issued an update.
China Tourism Group Duty Free Corporation Limited announced that its wholly-owned subsidiary, China Duty Free Group, has successfully secured the rights to operate duty-free stores at both Shanghai Pudong International Airport and Shanghai Hongqiao International Airport. Under the agreement, the company will manage stores in key international terminals with an initial five-year term that can extend to three additional years based on performance. This development strengthens the company’s footprint in the highly competitive duty-free retail market, enhancing its position as a major operator in high-traffic travel hubs and providing potential for significant revenue growth.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
More about China Tourism Group Duty Free Corporation Limited Class H
China Tourism Group Duty Free Corporation Limited is a leading player in the duty-free retailing industry, specializing in providing duty-free shopping services. The company’s market focus includes catering to international travelers through a broad network of duty-free stores in key locations, including airports.
Average Trading Volume: 4,186,939
Technical Sentiment Signal: Buy
Current Market Cap: HK$172.8B
For detailed information about 1880 stock, go to TipRanks’ Stock Analysis page.