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China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) just unveiled an update.
China Duty Free Group, a wholly owned subsidiary of China Tourism Group Duty Free Corporation Limited, has been selected as the successful bidder for the duty-free concession at Terminal 3 of Beijing Capital International Airport, committing to guaranteed first-year operating expenses of RMB480.27 million and a 5% sales-based commission rate, with an operating term running to February 10, 2034. The company expects the project to strengthen its competitive edge in major domestic airport channels, broaden and upgrade duty-free shopping options for travellers, and support the high-quality growth of its airport duty-free business, though it cautions that final terms remain subject to a formal agreement and associated uncertainties for investors.
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 duty-free retailer in China, focusing on the operation of duty-free shops in core travel hubs such as airports. Through its wholly owned subsidiary China Duty Free Group, the company targets inbound and outbound travellers with a wide range of duty-free goods, positioning itself as a key player in China’s travel retail and tourism consumption market.
Average Trading Volume: 4,585,254
Technical Sentiment Signal: Buy
Current Market Cap: HK$199.8B
Learn more about 1880 stock on TipRanks’ Stock Analysis page.