China Tourism Group Duty Free Corp Ltd Class A

601888: XSHG (CHN)

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China Tourism Group Duty Free: Initiating Coverage on A-Shares With a Narrow Moat Rating

Jennifer Song

Jul 4, 2025

We initiate coverage of the Shanghai-listed A-shares of China Tourism Group Duty Free, or CTG Duty Free, the largest duty-free and travel retailer in China by sales, commanding over 80% of the travel retail market revenue share.

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China Tourism Group Duty Free Corp Ltd Class A

China Tourism Group Duty Free: Initiating Coverage on A-Shares With a Narrow Moat Rating

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