智通财经网·2026-01-07 01:51Core Viewpoint - China Duty Free Group (01880) saw a significant stock increase of over 7%, with a current price of 83.7 HKD and a trading volume of 185 million HKD, driven by strong sales growth in Hainan's duty-free market [1] Group 1: Sales Performance - Hainan's duty-free sales from January 1 to 3 increased by 129% year-on-year to 712 million CNY, with the number of shoppers rising by 61% [1] - The estimated per capita duty-free spending reached 8,527 CNY, marking a 42.5% year-on-year increase, while the quantity of purchased items grew by 52.4% [1] Group 2: Market Drivers - The robust sales growth is attributed to the relaxation of shopping policy restrictions for local residents and departing travelers in Hainan since October of the previous year, which boosted shopper traffic [1] - The increase in per capita spending is primarily driven by luxury categories such as clothing, footwear, handbags, jewelry, and mobile products [1] - Local government continues to provide subsidies for duty-free shopping, further supporting sales growth [1] Group 3: Analyst Outlook - UBS has a positive outlook on China Duty Free Group's A-shares and H-shares, setting target prices of 99.59 CNY and 90.73 HKD respectively, with a "Buy" rating [1]