MBCTGDF@EC2702A(28016.HK)

Tonight $CTG DUTY-FREE(601888.SH) released its Q1 2026 results. With the annual report just out, the thesis is largely unchanged, so Dolphin Research will keep it brief.

1) Revenue growth underwhelmed....

0429 | Dolphin Research Focus: 🐬 Macro/Industry 1) The Fed will hold its policy meeting in Washington this week, with the decision due Wed 2:00pm ET (Thu 2:00am Beijing). Markets will focus on the ra...

On the evening of Mar 30, $CHINA TOURISM GROUP DUTY FREE(601888.SH) released its FY2025 annual report. Since a preliminary earnings flash was already published, there is no expectation gap (Bloomberg ...

0224 | Dolphin Research Focus: 🐬 Macro/Industry. Trump signaled a preference for a diplomatic deal over military action on the Iran issue. Geopolitical tensions cooled quickly, and the Geneva talks o...

0120 | Dolphin Research Focus: 🐬 Macro/Industries 1) On Jan 20, the State Council Information Office held a press briefing on implementing the Central Economic Work Conference. The goal is to ensure ...

1230 | Dolphin Research Focus: 🐬 Macro/Sector. HK and A-share robotics stocks rallied in tandem today.

1219 Dolphin Research Focus: 🐬 Macro/Industry.

BOJ raised its policy rate by 25bps to 0.75%, in line with market expectations, marking a 30-year high and the second hike within 11 months since Jan 202...

1105 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. China has made adjustments to its tariff policy on the United States, announcing the suspension of the previously imposed 24% tariff rate on cert...

A few days ago, China Duty Free Group (CDFG) released its Q3 2025 financial report. Due to previous conflicts with other financial report release times, Dolphin Research is providing a brief commentar...

1030 ｜Dolphin Research Focus: 🐬 Macro/Industry 1. On October 29th, Eastern Time, the Federal Reserve announced its second rate cut of the year by 25 basis points, lowering the interest rate range to ...