1.2 billion yuan in 4 days! The King of Duty Free is on fire again

Mondo Finance Updated on 2024-02-16

**: Company E ID: lianhuacaijing

Hong Kong stocks have made a good start in the Year of the Dragon, and it has been two consecutive trading days**. Driven by the Spring Festival consumption data, the consumption sector of Hong Kong stocks was significantly boosted. Among them, the share price of China Duty Free Hong Kong stocks, known as the "king of duty-free", has continued to rise sharply.

The bright consumption data of tourism, travel and retail during the Spring Festival also drove the performance of consumer service-related sectors**. Among them, Hong Kong stocks China Duty Free ** rose by 368% to 81HK$60 shares, the highest since December last year.

On the news side, according to the statistics of Haikou Customs on the 14th, the customs supervised a total of 12 duty-free shopping on the outlying islands in the first four days of the holiday (February 10 to 13).1.7 billion yuan, the number of duty-free shoppers is 1560,000 person-times, with an average consumption of 7,802 yuan per capita. It is reported that during the Spring Festival holiday in 2023, Haikou Customs will supervise a total of 15 duty-free shopping on outlying islands600 million yuan, just over half of this year's Spring Festival holiday, has reached nearly eighty percent of the sales amount of the entire holiday last year.

Huazhu Group, one of the leading companies in China's hotel chains, rose 279%, and closed up more than 1% again today.

During the Spring Festival, the tourism market is improving. According to Ctrip data, travel orders on the first day of the holiday increased by 102% year-on-year, ticket orders increased by more than 300% year-on-year, and domestic airport pick-up orders increased by 75% year-on-year, all of which significantly exceeded the level of the same period in 2019. At the same time, inbound and outbound tourism has also hit a new high in recent years, with outbound travel orders and inbound travel orders both increasing compared with the same period in 2019.

According to data released by Tongcheng Travel, from the first to the fourth day of the Lunar New Year, the number of hotel bookings in major counties across the country increased by more than 120% year-on-year. In addition, the first four days of the Spring Festival holiday are the time period when the passenger flow of outbound travel is more concentrated. According to the data, from February 10 to 13, hotel bookings in Singapore, Bangkok, Hong Kong, and Macau all increased by more than 300% year-on-year, of which hotel bookings in Singapore increased by more than 800% year-on-year.

In addition, the education and training industry has also ushered in a good situation. On February 15, the Chinese-funded education sector of Hong Kong stocks rose sharply, Guangzheng Education rose by more than 18%, and Jianqiao Education and Chengshi Foreign Education both rose by more than 6%.

On the news side, on February 8, before the Spring Festival, the Ministry of Education issued the "Regulations on the Administration of Off-campus Training (Draft for Comments)", which clarified that to carry out off-campus training activities, the corresponding off-campus training license should be obtained in accordance with the law, and the conditions for legal persons should be met. Academic extracurricular training institutions for the compulsory education stage shall be registered as non-profit legal persons.

In addition, encourage and support children's palaces, science and technology museums, museums and other off-campus venues (institutes) to carry out off-campus training, enrich the curriculum, expand the number of enrollment, and meet reasonable needs for off-campus training.

Many brokerages issued documents expressing optimism. Soochow ** believes that since the release of the "double reduction in education and training" policy in 2021, the Ministry of Education has once again issued management specifications for the education and training industry. This shows that the regulators do not have a negative attitude towards the education and training industry, but require the industry to operate more standardly, and the education and training enterprises that meet the requirements of the norms are also expected to continue to develop.

Tianfeng ** believes that it has been the third year of double reduction, on the one hand, it is necessary to clarify the effect of double reduction, and on the other hand, it is necessary to promote the standardization and rule of law of off-campus training governance; The draft clarifies the basic positioning of off-campus training as a useful supplement to school education, and faces up to the reasonable training needs of parents.

Editor-in-charge: Wang Yunpeng.

Proofreading: Wang Wei.

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