CTG DUTY-FREE A shares hit the limit down, confirming the loss of part of the operating rights of SIA

Market news indicates that the bidding results for the duty-free projects at the two major international aviation hubs in Beijing and Shanghai have been announced, which is a negative for China Tourism Group Duty Free Corporation (01880.HK). The A-share price of China Tourism Group Duty Free Corporation (601888.SH) hit the daily limit down this morning (24th).

According to the China Securities Journal, a staff member from the securities department responded that the stock price is influenced by various factors. Regarding the duty-free operating rights at Beijing and Shanghai airports, the company has indeed lost part of its operating rights at Shanghai Airport, and the company has previously issued relevant announcements. As for the company's sales data during the Spring Festival, the company only has daily sales data from certain regions like Sanya, which has not reached the standard for issuing an announcement and must rely on official data.

China Tourism Group Duty Free Corporation (01880.HK) has seen three consecutive declines in H shares, with the latest price in the afternoon at 82.25 yuan, down 10.45%, and a cumulative decline of 22.8% compared to the closing price before the Spring Festival holiday last Monday (16th). Trading activity increased to 579 million yuan