BRIEF: China Tourism Group Duty Free’s revenue, profit decline in 2024
Duty free store operator China Tourism Group Duty Free Corp. Ltd. (1880.HK) said on Thursday its revenue and profit both dropped by double-digit amounts last year, as Chinese consumers reined…
FAST NEWS: CTG Duty Free’s vice chairman leaves to retire
The Latest: Duty-free store operator China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) announced Thursday its executive director and vice-chairman Chen Guoqiang has retired from the company. Looking Up: The…
FAST NEWS: BlackRock cuts CTG Duty Free’s H shares
The Latest: Asset management company BlackRock Inc. disclosed it sold about 1.64 million Hong Kong-listed shares of China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) on Jun. 13,…
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…
