Earnings Alerts

China Tourism Group Duty Free Corp Ltd (601888) Earnings: Preliminary Net Income Declines by 36.5% to 4.26 Billion Yuan

By January 16, 2025 No Comments
  • CTG Duty-Free reported a preliminary net income of 4.26 billion yuan for the fiscal year.
  • Preliminary revenue reached 56.5 billion yuan, falling short of the estimated 61.24 billion yuan.
  • The net income experienced a significant decline of 36.5% compared to previous figures.
  • The company’s stock received 31 buy ratings, indicating optimistic market sentiment.
  • There were 10 hold ratings for the stock and no sell ratings reported.

China Tourism Group Duty Free Corp Ltd on Smartkarma



Independent analysts on Smartkarma have provided contrasting viewpoints on China Tourism Group Duty Free Corp Ltd. Brian Freitas reported on the company’s removal from ETFs in favor of other stocks, with passive trackers estimated to adjust their holdings at a specified range. On the other hand, Mohshin Aziz presented a bullish perspective, foreseeing continued earnings growth despite negative sentiment and competition impacting the company’s share price. Aziz recommends buying opportunities, noting CTG’s potential for value investing and positive fundamentals driving long-term growth.




A look at China Tourism Group Duty Free Corp Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience5
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma


China Tourism Group Duty Free Corp Ltd, a company specializing in duty-free and tax-free sales, has received a positive assessment for its overall outlook based on the Smartkarma Smart Scores. With a strong rating in Resilience and Dividend scores, the company is positioned well for long-term growth. Despite a lower score in Momentum, the company’s Value and Growth factors also indicate a steady trajectory. The company’s diverse product offerings including tobacco, wine, cosmetics, and fashion accessories, coupled with its investment in tourism destination commercial complexes, further contribute to its favorable outlook.

In conclusion, China Tourism Group Duty Free Corp Ltd demonstrates a balanced performance across various metrics, with particular strengths in Resilience and Dividend categories. While the company may face some challenges in terms of Momentum, its commitment to offering a wide range of duty-free products and investing in tourist destinations positions it well for sustained growth in the long run.



Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars