On the morning of February 24th, China Duty Free Group’s stock price hit the daily limit, falling to 85.18 yuan per share.
Market sources indicate that the results of the duty-free project bids at the two major international aviation hubs in Beijing and Shanghai have been announced successively, which is a negative factor for China Duty Free Group. In response, a staff member from China Duty Free’s securities department told reporters exclusively that the stock price is influenced by multiple factors. Regarding the duty-free operation rights at Beijing and Shanghai airports, the company has indeed lost some operational rights at Shanghai Airport, and has previously issued relevant announcements. As for the company’s Spring Festival sales data, they only have single-day sales figures from areas like Sanya and others, which do not yet meet the standards for an official announcement; official data should be considered authoritative.
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On the morning of February 24th, China Duty Free Group’s stock price hit the daily limit, falling to 85.18 yuan per share.
Market sources indicate that the results of the duty-free project bids at the two major international aviation hubs in Beijing and Shanghai have been announced successively, which is a negative factor for China Duty Free Group. In response, a staff member from China Duty Free’s securities department told reporters exclusively that the stock price is influenced by multiple factors. Regarding the duty-free operation rights at Beijing and Shanghai airports, the company has indeed lost some operational rights at Shanghai Airport, and has previously issued relevant announcements. As for the company’s Spring Festival sales data, they only have single-day sales figures from areas like Sanya and others, which do not yet meet the standards for an official announcement; official data should be considered authoritative.