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22218 UBCTGDF@EC2503A (CALL)
RT Nominal unchange0.018 0.000 (0.000%)

29/02/2024 15:49

{I-bank focus}UBS lowers CTG Duty-Free (01880) to HKD102.4

[ET Net News Agency, 29 February 2024] UBS lowered the target price for CTG Duty-Free
(01880) to HKD102.4 from HKD142 and maintained the "buy" rating.
The research house said it cuts 2024E and 2025E EPS by 16% to reflect the potentially
negative impact on Hainan's sales from weak consumer confidence and daigou crackdown. (RC)

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