[ET Net News Agency, 2 August 2024] UBS lowered the target price for CTG Duty-Free
(01880) to HKD65.5 from HKD102.4 and maintained the "buy" rating.
The research house said it cuts 2024-26E EPS by 13%/21%/24%, mainly as it is turning
more cautious on CTG's Hainan business (59% of 2023 total revenue) outlook suppressed by
weak consumption willingness. (rc)