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<Research>G Sachs: Expert Predicts Stable Competitive Environment for Hainan Duty-Free Sales, CTG DUTY-FREE to Keep 70-80% Mkt Shr
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Goldman Sachs published a research report saying that it held an investor conference call last week with an expert in travel retail and duty-free sector, who has extensive experience in the development and operation of Hainan's duty-free business. The discussion focused on the latest Hainan duty-free sales trends and growth momentum, price competition among existing duty-free store operators, market outlook for 2026 and the long-term competitive landscape. Looking ahead to 2026, the expert was cautiously optimistic about the growth of Hainan's duty-free sales. On the positive side, the expert expected inbound tourism to maintain healthy growth, with more consumption on high-ticket items such as clothing and more 3C products. Consumption by outbound travelers may also increase. Regarding competition, the expert added that the overall competitive environment remained relatively stable. It is expected that CTG DUTY-FREE (01880.HK) will maintain its 70-80% market share, and it is unlikely that new entrants will emerge in the duty-free market in the next 2-3 years. The expert also believed that an independent tariff system will facilitate the import of foreign products and attract more investment over time, although the related logistics and customs functions will take time to improve. AASTOCKS Financial News Website: www.aastocks.com |
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