The analyst rating from CLSA is based on the observation that overall spending in China remained positive during the Chinese New Year holiday, with strong travel and tourism intensity. The report highlights resilience in Hainan duty-free spending due to stronger promotions and policy-driven demand. These factors contribute to a favorable outlook for certain stocks, leading to ratings of "Outperform" for ANTA SPORTS and "High-Conviction Outperform" for SAMSONITE, as well as an "Outperform" rating for POP MART. The positive sentiment around high-end spending and domestic demand supports these ratings.

UBS

maintain

2026-01-21

Reason

UBS

Price Target

2026-01-21

maintain

Reason

The analyst rating from UBS is based on the significant year-over-year growth in Hainan's offshore duty-free sales, which increased by 47% to RMB4.86 billion. This growth was accompanied by a rise in the number of duty-free shoppers and per-capita spending, indicating strong consumer demand. UBS expects this trend to continue, projecting over 25% growth in offshore duty-free sales for the year and sustained growth of over 20% in 2026-27. As a result, UBS has rated both CHINA DUTY FREE and CTG DUTY-FREE as "Buy" due to their favorable market outlook and growth potential.

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01880 Should I Buy

01880 Should I Buy

Should You Buy CTG DUTY-FREE (01880) Today? Analysis, Price Targets, and 2026 Outlook.

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