- CTG Duty-Free’s net income for the third quarter was 1.34 billion yuan, which is a 94% increase year over year (y/y).
- The company’s revenue for the same period was 14.98 billion yuan, marking a 28% increase y/y.
- The estimated revenue was slightly higher at 15.51 billion yuan.
- Earnings per share (EPS) for the third quarter were 64.8 RMB cents, up from 34.74 RMB cents y/y.
- Looking at the nine-month results, the net income was 5.21 billion yuan, a 12% increase y/y.
- The revenue for the nine-month period was 50.84 billion yuan, a 29% increase y/y.
- The EPS for the nine-month period was 2.5165 yuan, up from 2.3566 yuan y/y.
- The company received 45 buys, 3 holds, and 0 sells.
- All comparisons to past results are based on values reported by the company’s original disclosures.
China Tourism Group Duty Free Corp Ltd on Smartkarma
Eric Chen, an independent analyst on the investment research network Smartkarma, recently published a research report on China Tourism Group Duty Free Corp Ltd. According to the report, the company’s preliminary 1H23 results suggest that business recovery remains on track. However, Chen believes that the dynamics have fundamentally changed compared to three years ago, and investors should be aware of the anchoring effect when making decisions.
Chen argues that the company will face moderate growth, pressured margins and a contracted valuation multiple in the future. He advises investors to wait for a better entry point before investing in the stock, as it has already erased 50% of its market cap year-to-date. Chen’s report has a bearish sentiment, warning investors to be cautious when considering investing in China Tourism Group Duty Free Corp Ltd.
A look at China Tourism Group Duty Free Corp Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Tourism Group Duty Free Corp Ltd has received Smartkarma Smart Scores which indicate a positive long-term outlook. The company scored well in growth, resilience and momentum, receiving a 4, 5 and 3 respectively.
The company engages in sales of duty free goods and tax goods, including tobacco, wine and spirits, perfume, cosmetics, fashion and accessories, watches, jewelry, food, luggage products, and other products. It also invests and develops tourism destination commercial complexes.
Overall, China Tourism Group Duty Free Corp Ltd has received good scores in the Smartkarma Smart Scores, indicating a positive long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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