CTG Duty Free Looks to Earnings Catalyst to Snap 39% Rout
Shoppers walk through the CDF Mall in Sanya, Hainan province, China.
Photographer: Qilai Shen/BloombergChina Tourism Group Duty Free Corp.’s shares may be poised to shift course after a weak run this year, as stabilizing sales and improving demand from its key Hainan business support the outlook, analysts say.
The company’s mainland-listed shares have fallen 25% this year, making it one of the worst performers on the benchmark CSI 300 Index, while its Hong Kong-listed stock has dropped about 39% from a February high. A potential catalyst for a turnaround may come later Monday, when the travel retailer reports final full-year earnings, which may offer clearer signals on the pace of a recovery.