BK0943 Travel RetailⅡ
- 847.471
- -17.198-1.99%
Changes in Hong Kong stocks | China Financial Services (01880) fell by more than 4% on the first day of “May 1st”, the performance of duty-free sales on the outlying islands of Hainan was lackluster compared to last year
China Free (01880) fell by more than 4%. As of press release, it was down 3.63% to HK$69.1, with a turnover of HK$793.34 million.
China International Tax Service (01880) will pay a final dividend of 1.65 yuan per share
China Exemption (01880) announced that the company will distribute the end of the year ending December 31, 2023...
China Exemption (601888): Baiyun Airport T1 Departure Store's New Contract Landing Wins Win-Win with Baiyun Airport
Guide to this report: The new contract for the Baiyun Airport T1 Outbound Store has been signed, and China is a win-win situation with Baiyun Airport. Key investment points: The investment proposal is to maintain the 2024-2026 EPS at 3.74/4.30/4.59 yuan, respectively. ginseng
China Exemption (601888): Profitability improvements focus on off-season performance
The incident described that in the first quarter of 2024, the company achieved revenue of 18.807 billion yuan, -9.45% year on year, net profit to mother of 2,306 billion yuan, +0.25% year-on-year, after deducting net profit of 2,299 billion yuan.
Baiyun Airport (600004.SH): Signed a cooperation contract with China Duty Free Group to operate the T1 Terminal Outbound Duty Free Project
Gelonghui, April 29丨Baiyun Airport (600004.SH) announced that Guangzhou Baiyun International Airport Co., Ltd. and China Duty Free (Group) Co., Ltd. signed a cooperation contract for the operation of the T1 terminal exit duty-free project. The company transferred the right to operate the specific site to China Free Group within the contract period, and China Duty Free Group will operate duty-free goods within the scope permitted by national policies in the above regions.
Seize outbound travel bonuses? Baiyun Airport signs exit tax exemption contract with China Duty Free Group
① Baiyun Airport signed an exit tax exemption project contract with China Duty Free Group. Baiyun Airport said it will boost passenger consumption demand and enhance the resource value of terminal stores. ② The monthly operating expenses are charged according to the high charging model of “guarantee” and “commission”. Among them, the monthly guarantee contract fee is adjusted in conjunction with passenger throughput. According to the analysis, this has a positive impact on the company's performance improvement.
China Exemption (601888): Performance is in line with Express Report data, and airport tax exemption optimization is expected to smooth out the pressure period
Incident: 1Q24 achieved revenue of 18.8 billion yuan/ -9.5%, net profit due to mother of 2.3 billion yuan/ +0.2%, and net profit of 2.3 billion yuan/ +0.2% after deducting non-return to mother, which is consistent with previous performance report data. The revenue side is mainly under pressure
China Exemption (601888): Achieved net profit of 2.3 billion yuan in 24Q1, improved profitability, and focused on subsequent passenger flow and consumption recovery
Incident: The company released a quarterly report. In 24Q1, it achieved revenue of 18.807 billion yuan/yoy -9.45%, operating profit of 2,908 billion yuan/yoy -7.78%, and net profit of 2,306 billion yuan/y
Beishui raised more than HK$500 million from the Bank of China and sold Meituan for nearly HK$800 million; Nanshui bought CMB for nearly 700 million yuan
On April 25 (Thursday), Southwest Capital made net purchases of Hong Kong stocks of HK$1.88 billion today. The Hong Kong Stock Exchange and Tencent Holdings received net purchases of HK$407 million and HK$222 million respectively.
Research Report: Shanxi Securities: China Free Inventory Improves, Profitability Improves, Maintains “Buy-B” Rating
Gelonghui, April 25 | Shanxi Securities Research Report pointed out that China Finance (601888.SH) 2024Q1's revenue declined slightly, and net profit to mother remained basically the same as the same period last year. The main reason was that the company began cracking down on purchasing agents in April 2023, updating membership point rules, adjusting discount levels, improving product structure, and gradually increasing customer unit prices and profit margins. Procurement costs increased during the same period last year due to fluctuations in the RMB exchange rate, which put pressure on gross margins. Exchange rate fluctuations in the current period were well controlled, and profitability improved year-on-year. The company's inventory during the period was 1,759 billion yuan, down 16.45% month-on-month, and inventory improved
China Tourism Group Duty Free H-Share Target Price Raised to HK$94.00 From HK$64.60 >601888.SH
China Tourism Group Duty Free H-Share Target Price Raised to HK$94.00 From HK$64.60 >601888.SH
China Exemption (601888) 2024 Quarterly Report Review: Improved inventory, improved profitability, and the recovery of the entry/exit market may be a major contributor
The incident described that the company released financial report for the first quarter of 2024. During the period, it achieved revenue of 18.808 billion yuan/ -9.45%, net profit to mother of 2,306 billion yuan/ +0.25%, net profit of 2,209 billion yuan/
Ping An Securities released a research report on April 24 stating that it gave China a recommended rating for China's China Free Insurance (601888.SH). The main reasons for the rating include: 1) the company's profit margin level continues to pick up unde
Ping An Securities released a research report on April 24 stating that it gave China a recommended rating for China's China Free Insurance (601888.SH). The main reasons for the rating include: 1) the company's profit margin level continues to pick up under the influence of various factors; 2) the company's entry/exit duty-free business has resumed, and the Hainan business has returned to a normal development track, while the company continues to improve operations, enhance shopping experience, and raise competitive barriers. (Mainichi Keizai Shimbun)
China Exemption (601888): Performance is in line with expectations, focusing on improving profitability
Incident: China Free released its report for the first quarter of 2024. During the reporting period, the company achieved operating income of 18.807 billion yuan, a year-on-year decrease of 9.45%; net profit of 2,306 billion yuan, an increase of 0.25% over the previous year. Stable port channels
China Free (601888) 2014 Quarterly Report Review: Excellent revenue and profit performance under pressure, emphasis is placed on port stores and profit improvement flexibility
Incident: The company disclosed its quarterly report for 2014. Under pressure, revenue and profit performance was excellent: 24Q1 achieved revenue of 18.807 billion yuan/-9.45% YoY, +12.6% month-on-month; net profit to mother of 2,306 billion yuan/year over year
China **** (601888): Category structure optimization, profit level increased significantly
Investment highlights: The company announced its 2024 quarterly report, and the performance was in line with market expectations. The company achieved revenue of 18.807 billion yuan in the first quarter, a year-on-year decrease of 9.4%, and achieved net profit of 2,306 billion yuan to mother, an increase of 0.25 billion yuan over the previous year
Beishui added nearly HK$800 million to sell Meituan for over HK$1.5 billion; Nanshui bought Ping An of China for over HK$500 million
On April 24 (Wednesday), Southbound made net purchases of HK$1,995 million in Hong Kong stocks today. The Hong Kong Stock Exchange and China Mobile received net purchases of HK$736 million and HK$494 million respectively.
Research Report Nuggets丨Ping An Securities: Maintaining China's “Recommended” rating for China's exemption is expected to usher in a gradual recovery in sales
Gelonghui, April 24 | Ping An Securities Research Report indicates that the Q1 revenue of China's free account (601888.SH) was 18.807 billion yuan, down 9.45% year on year, and net profit attributable to mother increased 0.25% year on year to 2,306 billion yuan. Based on the competitive advantages that the company has accumulated over a long period of time, considering the rapid and steady recovery of inbound and outbound flights and passenger flow since 2023, the company is expected to usher in a gradual recovery in sales as people's willingness to spend recovers and social inventory is digested. The company is a leading global travel retail company. There are few comparable domestic companies. Currently, the valuation is low since 2019. Consider 2024
Depth* Company* China Exemption (601888): Gross margin continues to increase, and port channel repair can be expected
The company released its results report for the first quarter of 2024. The 24Q1 company achieved revenue of 18.807 billion yuan, -9.45% year on year; net profit to mother of 2,306 billion yuan, +0.25% year over year; net profit not attributable to mother 22
China Tax Exemption (601888): Q1 Hainan's outlying islands tax exemption affected revenue management and began to improve
Matters: China's 2024Q1 revenue was 18.807 billion yuan, down 9.45% year on year, and net profit to mother increased 0.25% year over year to 2,306 billion yuan. After deducting non-recurring profit and loss, it was $2,299 million. non