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23416 MSCTGDF@EC2503A (CALL)
RT Nominal unchange0.025 0.000 (0.000%)

15/07/2024 14:28

{I-bank focus}Macquarie lowers CTG Duty-Free to HKD88

[ET Net News Agency, 15 July 2024] Macquarie lowered the target price for CTG Duty-Free
(01880) to HKD88 from HKD106 and maintained the "outperform" rating.
The research house said it is lowering net income for FY24/25/26E by 17.6%/19.5%/22.0%
to factor in the preliminary 1H24 results, and a more conservative growth outlook under
weak macro. (rc)

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