3 November 2025 | 8:09AM HKT Equity Research China Tourism Group Duty Free (601888.SS) 3Q25 bottom line still below expectation, but revenue in Hainan and airport stabilized as anticipated. Pleasant surprise from first interim DPS | 601888.SS | 12m Price Target: Rmb70.00 | Price: Rmb76.07 | Downside: 8.0% | | --- | --- | --- | --- | | 1880.HK | 12m Price Target: HK$61.00 | Price: HK$66.80 | Downside: 8.7% | After the market closed on Oct 30th, CTGDF released its 3Q25 results and hosted a conference call on ...