China Tourism Group Duty Free Corporation Limited Class H (HK:1880)
:1880
Want to see HK:1880 full AI Analyst Report?
Top Page
China Tourism Group Duty Free Corporation Limited Class H
(1880)
Select Model
Select Model
Rating:58Neutral
Price Target:
HK$58.00
▼(-21.30% Downside)
Action:Reiterated
Date:05/01/26
The score is primarily supported by a resilient, low-leverage balance sheet and continued profitability/positive cash generation, but is held back by weakening revenue and free-cash-flow momentum. Technical indicators are decisively bearish and valuation is elevated (high P/E), further constraining the overall score.
Positive Factors
Balance Sheet Strength
Sustained low leverage and an enlarged equity base provide financial resilience versus cyclical travel demand. This preserves liquidity for concession bids, inventory funding and opportunistic investments, reducing refinancing risk and supporting operations across 2–6 months of volatility.
Negative Factors
Revenue Volatility
Large swings in top-line growth undermine predictability of retail demand and planning. Volatile revenue complicates inventory management and merchandising deals with brands, reducing the visibility needed for multi-quarter investments and weighing on medium-term operational planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Sustained low leverage and an enlarged equity base provide financial resilience versus cyclical travel demand. This preserves liquidity for concession bids, inventory funding and opportunistic investments, reducing refinancing risk and supporting operations across 2–6 months of volatility.
Read all positive factors
China Tourism Group Duty Free Corporation Limited Class H (1880) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$130.70B
Dividend Yield1.81%
Average Volume (3M)2.59M
Price to Earnings (P/E)12.8
Beta (1Y)1.35
Revenue Growth1.12%
EPS Growth5.68%
CountryHK
Employees16,027
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)1.91
Shares Outstanding125,321,100
10 Day Avg. Volume2,352,394
30 Day Avg. Volume2,586,441
Financial Highlights & Ratios
PEG Ratio-2.27
Price to Book (P/B)2.64
Price to Sales (P/S)2.73
P/FCF Ratio30.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$86.16Price Target Upside16.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)2.86
Revenue Forecast (FY)HK$66.63B
China Tourism Group Duty Free Corporation Limited Class H Business Overview & Revenue Model
Company Description
China Tourism Group Duty Free Corporation Limited engages in duty-free travel retail business in China. The company engages in the wholesale and retail of duty-free commodities, such as tobacco and wine, perfume, cosmetics, accessories, clothing, ...
How the Company Makes Money
The company primarily makes money by retailing consumer goods through duty-free (and in some cases duty-paid) channels to traveling consumers. Revenue is generated mainly from (1) merchandise sales: the company purchases products from brand owners...
China Tourism Group Duty Free Corporation Limited Class H Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.49B | 53.69B | 56.47B | 67.54B | 54.43B | 67.68B |
| Gross Profit | 17.33B | 17.58B | 18.09B | 21.49B | 15.45B | 22.79B |
| EBITDA | 5.54B | 6.79B | 5.40B | 9.84B | 8.94B | 16.30B |
| Net Income | 3.97B | 3.59B | 4.27B | 6.71B | 5.03B | 9.65B |
Balance Sheet | ||||||
| Total Assets | 85.31B | 74.98B | 76.26B | 78.87B | 75.91B | 55.47B |
| Cash, Cash Equivalents and Short-Term Investments | 35.17B | 33.78B | 34.82B | 33.39B | 26.89B | 16.86B |
| Total Debt | 9.44B | 4.24B | 4.37B | 4.64B | 6.85B | 5.44B |
| Total Liabilities | 21.79B | 13.86B | 15.31B | 19.69B | 21.78B | 20.68B |
| Stockholders Equity | 57.76B | 55.47B | 55.10B | 53.83B | 48.57B | 29.62B |
Cash Flow | ||||||
| Free Cash Flow | 3.84B | 4.79B | 6.82B | 13.32B | -6.41B | 6.17B |
| Operating Cash Flow | 5.17B | 6.06B | 7.94B | 15.13B | -3.42B | 8.33B |
| Investing Cash Flow | -5.11B | -3.48B | -454.30M | -4.72B | -3.81B | -2.32B |
| Financing Cash Flow | -3.86B | -3.18B | -4.37B | -4.63B | 15.45B | -3.82B |
China Tourism Group Duty Free Corporation Limited Class H Technical Analysis
Negative
73.70
Price Trends
65.12
Negative
75.59
Negative
70.18
Negative
Market Momentum
-2.96
Positive
28.19
Positive
15.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1880, the sentiment is Negative. The current price of 73.7 is above the 20-day moving average (MA) of 60.90, above the 50-day MA of 65.12, and above the 200-day MA of 70.18, indicating a bearish trend. The MACD of -2.96 indicates Positive momentum. The RSI at 28.19 is Positive, neither overbought nor oversold. The STOCH value of 15.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1880.
China Tourism Group Duty Free Corporation Limited Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$34.59B | -69.15 | 11.27% | 3.18% | 26.38% | -53.61% | |
64 Neutral | HK$346.84B | 13.49 | 8.57% | 3.48% | 12.29% | -67.34% | |
62 Neutral | HK$2.73B | 9.74 | 8.16% | 4.75% | -3.18% | -36.46% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$130.70B | 12.75 | 6.39% | 1.81% | 1.12% | 5.68% | |
54 Neutral | HK$2.53T | 19.21 | 9.95% | 1.34% | 4.59% | -16.23% | |
50 Neutral | HK$507.27B | -9.80 | -13.59% | ― | 8.12% | -166.15% |
* Consumer Cyclical Sector Average
HK:1880
China Tourism Group Duty Free Corporation Limited Class H
55.95
6.27
12.62%
HK:3690
Meituan
83.05
-53.35
-39.11%
HK:9618
JD.com, Inc. Class A
125.90
-2.93
-2.27%
HK:9896
MINISO Group Holding Ltd.
27.74
-11.82
-29.88%
HK:9988
Alibaba Group Holding Ltd.
133.30
13.61
11.37%
HK:0178
Sa Sa International Holdings Limited
0.88
0.29
49.15%
China Tourism Group Duty Free Corporation Limited Class H Corporate Events
China Tourism Group Duty Free Delivers Strong Profit Growth in Q1 2026
Apr 29, 2026
China Tourism Group Duty Free Corporation Limited reported modest revenue growth but significantly higher profitability in the first quarter of 2026. Operating income edged up 0.96% year on year to RMB 16.91 billion, while net profit attributable ...
China Tourism Group Duty Free Sets Board Date to Approve First-Quarter 2026 Results
Apr 17, 2026
China Tourism Group Duty Free Corporation Limited has scheduled a board meeting for April 29, 2026, to review and approve the first-quarter results for the period ended March 31, 2026. The board will also consider the publication of these quarterl...
China Tourism Group Duty Free Publishes Audited 2025 Annual Results
Mar 30, 2026
China Tourism Group Duty Free Corporation Limited, a major PRC-based duty-free retailer listed in Hong Kong, has released its audited annual results for the year ended December 31, 2025. The group focuses on duty-free and travel retail services to...
China Tourism Group Duty Free Sees 2025 Profit Dip but Q4 Rebound on Hainan Duty-Free Surge
Mar 20, 2026
China Tourism Group Duty Free reported preliminary 2025 results showing full-year revenue of RMB 53.69 billion, down 4.9% year on year, and net profit attributable to shareholders of RMB 3.59 billion, a decline of 16%, as goodwill impairment at ke...
China Tourism Group Duty Free Closes DFS Greater China Deal and Welcomes LVMH, Miller Family as Investors
Mar 19, 2026
China Tourism Group Duty Free Corporation Limited has completed the acquisition of DFS Group’s Greater China retail business, excluding the DFS Hong Kong Canton Road (Sun Arcade) store, for an estimated consideration of about USD293.8 millio...
China Tourism Group Duty Free Sets March 2026 Board Meeting on 2025 Results and Dividend
Mar 18, 2026
China Tourism Group Duty Free Corporation Limited has scheduled a board meeting for March 30, 2026 to review and approve the audited annual results for the year ended December 31, 2025. The board will also consider recommending a final dividend an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.