Hong Kong stocks$CTG DUTY-FREE (01880.HK)$After surging 15% yesterday, the stock retreated over 4% in early trading today. As of press time, it fell 4.03%, trading at HKD 78.55, with a turnover of HKD 6.52 billion.
In terms of developments, statistics released by Haikou Customs on December 19 showed that on December 18, the day Hainan Free Trade Port officially launched island-wide customs closure operations, duty-free shopping in Hainan reached CNY 161 million, with 24,800 shoppers purchasing 118,000 items, representing year-on-year increases of 61%, 53.1%, and 25.5%, respectively. Additionally, from December 18 to 20, the daily duty-free sales in Sanya exceeded CNY 100 million for three consecutive days, with respective year-on-year growth rates of 45.8% and 47% on December 19 and 20.
Guotai Haitong Securities published a research report stating that the official launch of island-wide customs closure operations in Hainan Free Trade Port, coupled with the upcoming holiday benefits of New Year's Day and Spring Festival, positions the company to fully benefit from policy dividends and festive consumption boosts. The report noted that considering the customs closure date for Hainan Free Trade Port is set for December 18, 2025, the policy benefits will gradually materialize, with limited impact expected in 2025 and the primary effects anticipated in 2026.
Editor/KOKO