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Live Updates  >  Live Update Details

2025-07-29 14:28:19

[UBS: China Duty Free Group's second-quarter earnings were lower than expected, maintaining a "neutral" rating] UBS released a research report saying that China Duty Free Group (01880, 601888.SH)'s (01880, 601888.SH) first-half preliminary results showed that revenue and earnings would fall by 10% and 21% year-on-year, respectively, and net profit margin would fall by 1.3 percentage points to 9.2%. In the second quarter alone, China Duty Free Group's revenue and earnings fell by 8% and 32% year-on-year, and its net profit margin fell to 6%, which was lower than the bank and market expectations. UBS expects investors to react negatively to China Duty Free Group's preliminary results and maintains a "neutral" rating, with a target price of RMB 64.5 for A shares.

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