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22218 UBCTGDF@EC2503A (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

02/08/2024 15:06

{I-bank focus}UBS lowers CTG Duty-Free (01880) to HKD65.5

[ET Net News Agency, 2 August 2024] UBS lowered the target price for CTG Duty-Free
(01880) to HKD65.5 from HKD102.4 and maintained the "buy" rating.
The research house said it cuts 2024-26E EPS by 13%/21%/24%, mainly as it is turning
more cautious on CTG's Hainan business (59% of 2023 total revenue) outlook suppressed by
weak consumption willingness. (rc)

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