China Tourism Group Duty Free Corporation Limited Class H (HK:1880)
:1880
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China Tourism Group Duty Free Corporation Limited Class H
(1880)
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Rating:62Neutral
Price Target:
HK$70.00
▼(-5.02% Downside)
Action:ReiteratedDate:04/02/26
The score is primarily supported by solid financial resilience from a strong balance sheet and ongoing profitability, but is meaningfully reduced by bearish technical signals (price below key moving averages and negative MACD) and a high P/E that suggests an expensive valuation relative to current fundamentals.
Positive Factors
Conservatively levered balance sheet
Low debt relative to equity and growing equity provide a durable capital buffer for a travel-retail operator exposed to cyclical passenger traffic. This conservatism supports investment in concessions, weathering travel shocks, and preserves strategic optionality for M&A or store expansion over months.
Negative Factors
Volatile revenue trajectory
Large year-to-year swings in revenue make forecasting and capacity planning difficult for a retail operator dependent on traveler flow. This volatility can strain vendor terms, inventory management and store staffing, reducing operating leverage and complicating multi-quarter strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservatively levered balance sheet
Low debt relative to equity and growing equity provide a durable capital buffer for a travel-retail operator exposed to cyclical passenger traffic. This conservatism supports investment in concessions, weathering travel shocks, and preserves strategic optionality for M&A or store expansion over months.
Read all positive factors
China Tourism Group Duty Free Corporation Limited Class H (1880) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$151.63B
Dividend Yield1.81%
Average Volume (3M)2.59M
Price to Earnings (P/E)41.9
Beta (1Y)1.35
Revenue Growth-10.42%
EPS Growth-37.88%
CountryHK
Employees16,027
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.49
Shares Outstanding125,321,100
10 Day Avg. Volume2,352,394
30 Day Avg. Volume2,586,441
Financial Highlights & Ratios
PEG Ratio-2.34
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$91.39Price Target Upside24.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)2.83
Revenue Forecast (FY)HK$67.04B
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 selling consumer goods through its duty-free and related travel retail channels, earning retail gross profit (sales revenue minus cost of goods sold) on products sourced from brand owners, distributors, or othe...
China Tourism Group Duty Free Corporation Limited Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 53.69B | 56.47B | 67.54B | 54.43B | 67.68B |
| Gross Profit | 17.58B | 18.09B | 21.49B | 15.45B | 22.79B |
| EBITDA | 6.79B | 5.40B | 9.84B | 8.94B | 16.30B |
| Net Income | 3.49B | 4.27B | 6.71B | 5.03B | 9.65B |
Balance Sheet | |||||
| Total Assets | 74.98B | 76.26B | 78.87B | 75.91B | 55.47B |
| Cash, Cash Equivalents and Short-Term Investments | 33.78B | 34.82B | 33.39B | 26.89B | 16.86B |
| Total Debt | 4.24B | 4.37B | 4.64B | 6.85B | 5.44B |
| Total Liabilities | 13.86B | 15.31B | 19.69B | 21.78B | 20.68B |
| Stockholders Equity | 55.47B | 55.10B | 53.83B | 48.57B | 29.62B |
Cash Flow | |||||
| Free Cash Flow | 4.79B | 6.82B | 13.32B | -6.41B | 6.17B |
| Operating Cash Flow | 6.06B | 7.94B | 15.13B | -3.42B | 8.33B |
| Investing Cash Flow | -3.48B | -454.30M | -4.72B | -3.81B | -2.32B |
| Financing Cash Flow | -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
81.55
Negative
78.92
Negative
68.91
Negative
Market Momentum
-4.29
Negative
37.49
Neutral
39.79
Neutral
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 68.62, below the 50-day MA of 81.55, and above the 200-day MA of 68.91, indicating a bearish trend. The MACD of -4.29 indicates Negative momentum. The RSI at 37.49 is Neutral, neither overbought nor oversold. The STOCH value of 39.79 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$1.99T | 36.89 | 12.42% | 1.34% | 4.89% | 50.48% | |
68 Neutral | HK$495.52B | ― | -13.46% | ― | 11.91% | -106.71% | |
68 Neutral | HK$39.70B | 28.28 | 20.24% | 3.18% | 13.14% | -19.58% | |
67 Neutral | HK$324.89B | 14.92 | 8.57% | 3.48% | 16.27% | -3.87% | |
62 Neutral | HK$151.63B | 41.95 | 5.69% | 1.81% | -10.42% | -37.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$2.33B | 9.74 | 8.16% | 4.75% | -3.18% | -36.46% |
* Consumer Cyclical Sector Average
HK:1880
China Tourism Group Duty Free Corporation Limited Class H
66.55
21.88
48.98%
HK:3690
Meituan
80.25
-60.35
-42.92%
HK:9618
JD.com, Inc. Class A
111.90
-25.70
-18.68%
HK:9896
MINISO Group Holding Ltd.
32.04
2.49
8.43%
HK:9988
Alibaba Group Holding Ltd.
118.50
17.69
17.55%
HK:0178
Sa Sa International Holdings Limited
0.75
0.20
36.36%
China Tourism Group Duty Free Corporation Limited Class H Corporate Events
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...
China Tourism Group Duty Free to Acquire DFS Greater China Business and Deepen Partnership With LVMH
Jan 19, 2026
China Tourism Group Duty Free Corporation Limited has agreed, via its indirect wholly owned subsidiary China Duty Free International Limited, to acquire DFS’ Greater China retail business through a combination of share and asset purchases fr...
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.