china tourism group duty free investors

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China tourism group duty free corporation limited (601888.ss).

• Previous Close 72.54
• Bid 71.71 x --
• Ask 71.72 x --
• Day's Range 70.82 - 72.80
• 52 Week Range 70.82 - 166.38
• Volume 19,681,023
• Avg. Volume 23,861,936
• Market Cap (intraday) 146.85B
• Beta (5Y Monthly) 1.35
• PE Ratio (TTM) 22.14
• EPS (TTM) 3.24
• Earnings Date Apr 23, 2024
• Forward Dividend & Yield 0.80 (1.10%)
• Ex-Dividend Date Jul 21, 2023
• 1y Target Est 108.74

China Tourism Group Duty Free Corporation Limited Overview Specialty Retail / Consumer Cyclical

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, and electronic products. It is also involved in commercial complex investment and development business. The company was formerly known as China International Travel Service Corporation Limited and changed its name to China Tourism Group Duty Free Corporation Limited in June 2020. The company was founded in 2008 and is based in Sanya, China. China Tourism Group Duty Free Corporation Limited operates as a subsidiary of China Tourism Group Co., Ltd.

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December 31

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Chinese Travel Stocks Rise After Lunar New Year Break

Performance overview: 601888.ss.

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China Tourism Group Duty Free Corp Ltd

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• 601888:SHH Shanghai Stock Exchange
• 1880:HKG.HZ Stock Exchange of Hong Kong Limited
• 1880:HKG Stock Exchange of Hong Kong Limited
• 1880:HKG.HS Stock Exchange of Hong Kong Limited
• United States
• CTGCY:PKL OTC Pink - Limited Information
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• Price (CNY) 89.35
• Today's Change 1.30 / 1.48%
• Shares traded 30.25m
• 1 Year change -46.55%
• Beta 2.2510

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• FT News FT News
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Japanese and South Korean shares surge on return of Chinese tour groups

Markets cheer Beijing’s move to scrap pandemic-era restrictions on overseas travel to 78 countries

• 601888:SHH price reached a new 52-week low of 71.19 at 12:07 BST Apr 23 2024
• 601888:SHH price reached a new 52-week low of 71.39 at 10:25 BST Apr 22 2024
• 601888:SHH trading volume exceeds daily average by +64.25% Apr 19 2024
• 601888:SHH price reached a new 52-week low of 72.66 at 15:24 BST Apr 19 2024
• 601888:SHH price moved over -4.91% to 72.66 Apr 19 2024

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China Tourism Group Duty Free Corp Ltd

Key statistics.

1.73 mean rating - 37 analysts

2024 (millions CNY)

About China Tourism Group Duty Free Corp Ltd (601888.SS)

Company information.

China Tourism Group Duty Free Corp Ltd is a China-based company mainly engaged in the retail business of travel commodities and the provision of related services. The Company conducts its businesses primarily through two segments. The Travel Retail segment is mainly engaged in the sale of duty-free and tax-taxed goods. The Investment and Development of Integrated Travel Retail Complex Development segment is principally engaged in the development of tourism retail complexes and property leasing. The Company conducts its businesses in the domestic market and overseas markets.

Contact Information

+ 86 ( 10 ) 84479696

http://www.ctgdutyfree.com.cn/

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2023 (millions CNY)

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Linklaters advises CTG Duty-Free on the largest IPO on the HKEX this year

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Linklaters advised China Tourism Group Duty Free Corporation (CTG Duty-Free), the world’s largest travel retailer, on the global offering and listing of its H shares on the main board of the Hong Kong Stock Exchange (HKEX). The offering raised US$2.1bn in aggregate, making it the largest initial public offering (IPO) in Hong Kong SAR this year.

As a pioneer in China’s duty-free retail industry, CTG Duty-Free has the largest duty-free retail network in China, and a 24.6% market share of the global travel retail industry in 2021. As the world’s largest travel retail operator, CTG Duty-Free opened China’s first comprehensive travel retail complex in 2014 – Sanya International Duty Free Shopping Complex - which is the largest standalone integrated travel retail complex in the world. It also continuously promotes the development of China’s duty-free industry.

CTG Duty-Free's successful listing on the HKEX not only reaffirmed the financing capability of Hong Kong as an international financial centre, and its attractiveness to Chinese companies, but also marked an important milestone for CTG Duty-Free in entering the international capital market, laying a solid foundation for its future international development. As the issuer counsel, Linklaters assisted CTG Duty-Free in navigating the complex regulatory environment and obtaining important waivers, highlighting the firm’s expertise in helping Chinese issuers to raise capital in the international capital markets and its prominence in the Hong Kong IPO market.   

The Linklater’s team was led by capital markets partner Iris Leung , with support from capital markets partner Lipton Li and counsel Wei Liang and  corporate counsel Donnelly Chan .

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China Tourism Group Duty Free Jumps on Solid Revenue Growth, Brighter Prospects

By Bingyan Wang

Shares of China Tourism Group Duty Free jumped Monday on the company's solid first-half revenue growth and expectations for the travel rebound to continue.

The duty-free retailer rose 8.5% in Hong Kong and 9.0% on the Shanghai Stock Exchange, outperforming the Hang Seng Index's 1.1% increase and the Shanghai Composite Index's 0.4% gain.

The world's largest retailer for travelers said Friday that its revenue for the first half of 2023 increased 30% from a year earlier to 35.86 billion yuan ($4.97 billion). Its profit fell to CNY3.86 billion from CNY3.94 billion, but analysts said the result was within expectations and lower discount levels for products should improve profits.

Consumer spending in the duty-free industry is still recovering, analysts from Minsheng Securities said in a note. China Tourism Group Duty Free's average transaction value during the holidays was lower this year due to the lingering Covid-19 impact, but consumption power is expected to pick up in the second half of the year, the analysts said.

Analysts from Guosen Securities said the company's shares have priced in pessimistic expectations of the consumption environment, outbound-travel recovery and the progress of Hainan province's independent customs system. With the company's market capitalization back at levels before late June 2020, the stock is expected to rise in the second half of 2023, the analysts said.

Both investment banks kept their buy rating on the duty-free retailer.

Write to Bingyan Wang at [email protected]

(END) Dow Jones Newswires

July 09, 2023 23:28 ET (03:28 GMT)

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• Company China Tourism Group Duty Free Corporation Limited

CNE100000G29

Airport services, business summary.

Number of employees: 16,789

Sales per Business

Sales per region, members of the board, share class, shareholders, company contact information.

China Tourism Group Duty Free Corp. Ltd.

8/F, Block A, No.2 Dongzhimenwai Street

100027, Beijing

Ratings for China Tourism Group Duty Free Corporation Limited

Analysts' consensus, eps revisions, quarterly earnings - rate of surprise, sector duty free shops.

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Swire Properties Announces Investment with China Tourism Group Duty Free Corporation to Develop Sanya Retail Project

24 Oct 2022

Swire Properties is pleased to announce that it will partner with CDF Investment & Development Co. Ltd (“CDFID”), a subsidiary of China Tourism Group Duty Free Corporation Limited (“CTG Duty Free”), the world’s largest duty-free operator, to develop a retail landmark in Sanya, Hainan Province. Located in the heart of Haitang Bay National Coastal Recreation Park, this will be the Company’s eighth large-scale commercial development in the Chinese Mainland. Swire Properties and CTG Duty Free will each hold a 50% interest in the project. 

A joint venture company has been established to develop the site as a premium, resort-style, retail-led development, including underground parking and other ancillary facilities. The investment was announced today after the joint venture company successfully acquired (via government land listing-for-sale) a site for commercial development in the Haitang District of Sanya, at a total price of RMB1.308 billion. The project is expected to be completed in phases from 2024.

“We are very pleased to be partnering with CTG Duty Free on this significant retail property development in Sanya.  Thanks to its tropical climate and abundant natural resources, and accelerated by the Hainan Free Trade Port policy, Sanya has fast become one of the most popular travel and leisure destinations in China,” said Tim Blackburn, Chief Executive of Swire Properties. “This site presents an exciting opportunity to develop a high-quality retail complex to satisfy the growing demand for a premium retail experience in the region.

“In addition, the 20 th CPC National Congress’s report proposed to accelerate the development of the Hainan Free Trade Port, while promoting quality development and strengthening the fundamental role of consumption in the country’s economic growth. I am confident that, with this policy support and in partnership with CTG Duty Free, we will create a world-class retail landmark which will further elevate Hainan’s standing as a regional tourist destination.”

“We look forward to collaborat ing with Swire Properties in Sanya to jointly develop a world-class, upscale commercial project,” said Peng Hui, Chairman of CTG Duty Free. “This new development will have positive synergy with Phases I and II of the Sanya International Duty Free Complex, and provide a premium retail experience alongside duty-free shopping in the area. We believe this combined experience will enrich Sanya’s travel and leisure offerings , further attracting overseas visitors and putting Haitang Bay on the map as a tourist and shopping destination.”

“This will be our first ever resort-style retail complex. The design will embrace Sanya’s tropical coastline and unique ecological landscape, whilst taking inspiration from the traditional fishing settlements of the indigenous Dan community,” said Han Zhi, Director, Retail of Swire Properties. “With the 22km coastline along Haitang Bay as a backdrop, we intend to curate a unique experience featuring premium retail with arts and cultural elements to create a major luxury travel destination in Hainan.”

Located in Haitang District, the new development will be Phase III of the Sanya International Duty-Free Complex, covering a total site area of approximately 200,000 sqm. The site enjoys excellent road, rail and air connectivity to Sanya Phoenix International Airport and Sanya Railway Station.  The new development will also be connected by a network of bridges to the Sanya International Duty Free Complex, the leading duty-free mall in China. 

Hainan Province is the largest special economic zone in China. The development of the Hainan Free Trade Port (FTP) commenced in 2020 and a pan-island customs clearance operation will be set up by the end of 2025. Sanya is a key component of the strategy to develop Hainan into a high-level free trade port and an international tourism and consumption hub.

This new project in Sanya is part of Swire Properties’ strategic plan to invest a total of HKD100 billion in its core markets, including South-east Asia, Hong Kong and the Chinese Mainland, to drive the Company’s future growth over the next 10 years. Approximately HKD50 billion will be invested in the Chinese Mainland, with an aim to double the Company’s attributable gross floor area in the region.  Apart from Sanya, this year Swire Properties has announced Taikoo Li Xi’an and is exploring two potential retail-led projects in Liwan District, Guangzhou and Pudong District, Shanghai.

. Artistic impression of the Sanya retail project

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China Tourism Group Duty Free's Q1 Net Profit Up 0.25% Y/Y

SAYS Q1 NET PROFIT UP 0.25% Y/Y