After big landlord concessions, CTG Duty-Free dogged by weak spending
The duty-free store operator’s financial performance rebounded last year, but lackluster results in the first quarter of 2024 may reflect growing consumer caution Key Takeaways: CTG Duty Free’s first-quarter profit…
FAST NEWS: JPMorgan ups stake in CTG Duty Free
The Latest: U.S. banking giant JPMorgan purchased about 126,000 Hong Kong-listed shares of China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) on April 10, raising its stake in the duty-free…
Travel rush is not golden enough for investors in CTG Duty Free
Shares in China’s leading operator of duty-free stores have slumped after the company failed to meet high expectations for a post-pandemic rebound Key Takeaways: CTG Duty Free’s revenues jumped nearly…
FAST NEWS: CTG Duty Free replaces auditors
The latest: Duty-free store operator China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) announced on Monday that it plans to appoint Ernst & Young Hua Ming and Ernst…
CTG Duty Free delights shoppers with bargains, as its own costs run amok
Shares of China’s largest duty-free retailer have lost nearly half their value since late January as its profits sank, even after consumption rebounded in the first quarter Key Takeaways: CTG…
FAST NEWS: CTG Duty Free Profit Tumbles on Covid Store Hit
The latest: Duty-free store operator China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) announced on Monday its revenue dropped 19.5% to 54.46 billion yuan ($8.03 billion) last year,…
Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again
Hong Kong is losing some of its luster as an IPO hub, hit by market worries about soaring inflation, rising interest rates, tumbling stock prices and China’s zero-Covid policy. Some…
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