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China Tourism Group Expands Duty-Free Operations to Six New Cities
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China Tourism Group Expands Duty-Free Operations to Six New Cities

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An update from China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) is now available.

China Tourism Group Duty Free Corporation Limited has announced that its subsidiary, China Duty Free Group Co., Ltd., has successfully secured operation rights for duty-free stores in six new cities, bringing its total to 13 stores. This expansion is part of a broader strategy to leverage its procurement and operational resources and promote a new retail model that boosts domestic consumption and attracts international consumers, aligning with government initiatives to develop international consumption center cities.

More about China Tourism Group Duty Free Corporation Limited Class H

China Tourism Group Duty Free Corporation Limited is a leading company in the duty-free retail industry, primarily focusing on the operation of downtown duty-free stores across China. It aims to enhance its market presence by integrating a new retail model that combines duty-free and duty-paid services, as well as imported and domestic products, through both offline and online channels.

YTD Price Performance: -10.64%

Average Trading Volume: 1,732,977

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$128.3B

For an in-depth examination of 1880 stock, go to TipRanks’ Stock Analysis page.

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