BK1034 Travel and Sightseeing
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Ctrip: Inbound travel orders increased more than 3 times year-on-year in the first quarter, and visa-free countries grew significantly
Gelonghui, April 27 | According to the latest data released by Ctrip, domestic inbound travel orders increased more than threefold year-on-year in the first quarter of this year. The visa-free policy has an obvious driving effect on inbound travel. Since December 1 of last year, China has officially tested unilateral visa-free access for countries such as France, Germany, Italy, the Netherlands, Spain, and Malaysia. In the first quarter, the total number of visitors entering China from the six countries mentioned above increased about 6 times over the same period last year. Among them, Malaysia had the highest growth rate, about 9 times. While inbound tourism is recovering at an accelerated pace, many foreign tourists are experiencing new changes in Chinese tourism: entry is more convenient, and services such as payment, ticket reservation, and car use are also more convenient.
Zhitong Hong Kong Stock Short Position Statement Statistics|April 26
Zhitong Hong Kong Stock Short Position Statement | April 26
同程旅行：2023年報
途屹控股：2023年報
飛揚集團：2023年報
東瀛遊：2023 年報
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
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)
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
Express News | Ctrip releases Heilongjiang snow and ice tourism report: 10 billion revenue creates many national firsts
Guolian Securities released a research report on April 24 stating that it gave China a purchase rating of China Free (601888.SH). The main reasons for the rating include: 1) the expected increase in airport duty-free sales to hedge against the decline in
Guolian Securities released a research report on April 24 stating that it gave China a purchase rating of China Free (601888.SH). The main reasons for the rating include: 1) the expected increase in airport duty-free sales to hedge against the decline in revenue in Hainan; 2) the company's overall profitability is rising steadily; 3) inventory optimization is obvious, and operational capacity is strengthened. (Mainichi Keizai Shimbun)
Selected announcements | China Telecom's Q1 net profit increased 7.7% year on year; Tianqi Lithium had an estimated loss of 3.6 billion yuan to 4.3 billion yuan in Q1
China's free Q1 revenue fell nearly 10% year on year; Ping An China's Q1 net profit to mother was 36.709 billion yuan, down 4.3% year on year.
Dongwu Securities released a research report on April 23 stating that it gave China Free (601888.SH) buying rating. The main reasons for the rating include: 1) gross margin continued to recover and sales expense ratios improved month-on-month; 2) the incr
Dongwu Securities released a research report on April 23 stating that it gave China Free (601888.SH) buying rating. The main reasons for the rating include: 1) gross margin continued to recover and sales expense ratios improved month-on-month; 2) the increase in the share of outlying island duty-free boutique sales led to an increase in customer unit prices; 3) port duty-free sales have great potential for development in 2024. (Mainichi Keizai Shimbun)
CTG DUTY-FREE: FIRST QUARTERLY REPORT OF 2024
China Zhongfeu (01880.HK) announced first-quarter results, net profit of 2.306 billion yuan, up 0.25% year on year
China Finance (01880.HK) released its report for the first quarter of 2024. The company's revenue was 18.807 billion yuan, down 9.45% year on year; net profit attributable to shareholders of listed companies was 2.306 billion yuan, up 0.25% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 2,299 billion yuan, up 0.15% year on year; basic earnings per share were 1.1148 yuan/share.
Express News | China Free: Net profit attributable to mother in the first quarter was 2.306 billion yuan, up 0.25% year-on-year
Tech giants face profit challenges: the market value of Huali Seven Shares evaporates by nearly 1 trillion US dollars
Large technology companies are facing a profit test. The seven major tech giants lost nearly 1 trillion US dollars in market capitalization last week, and market anxiety is rising.
Futu Morning Post | Is there no need to worry about the fall in US stocks? Goldman Sachs: Hedge funds are buying back stocks
Is the Nikkei 225 Index moving towards a 10% pullback zone? Allianz Investments: Don't panic; after Bitcoin halving was completed, concept stocks collectively skyrocketed, and MicroStrategy rose nearly 13%.
Liang Jianzhang sold 360,000 common shares of Tongcheng Travel (00780.HK) worth approximately HK$7.919 million
On April 22, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 22, Leung Kin-cheung sold $360,000 common shares of $Tongcheng Travel (00780.HK) at an average price of HK$22.0053 per share, worth approximately HK$7.919 million on April 18. After the sale, Liang Jianzhang's latest shareholding was 20.663 million shares, and the good position ratio dropped from 0.93% to 0.91%. Photo Source: Stock Exchange Equity Disclosure What is equity disclosure? As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. upon
CHINA TRAVEL HK: Annual Report 2023