According to data from Haikou Customs, Hainan offshore duty-free sales increased by 47% YoY to RMB4.86 billion from December 18, 2025, to January 17, 2026, while the number of duty-free shoppers and the per-capita duty-free spending rose by 30.2% and 12.7%, respectively, UBS wrote in its research report.In UBS' estimate, Sanya's offshore duty-free sales surged by 47% to around RMB3.36 billion (about 69% of Hainan's total), while Haikou's offshore duty-free sales grew by 46% YoY to RMB1.5 billion.Related News CICC Lowers TP for CHINA DUTY FREE (01880.HK) to HKD95, Focuses on Subsequent Growth Pace in HainanUBS expects Hainan's offshore duty-free sales to climb by over 25% YoY this year. Maintaining unchanged its previous upward forecast for CHINA DUTY FREE (601888.SH) -1.080 (-1.543%) , the broker predicts duty-free sales to sustain over 20% YoY growth in 2026-27.With a preference for CHINA DUTY FREE (601888.SH) -1.080 (-1.543%) and CTG DUTY-FREE (01880.HK) +0.100 (+0.150%) Short selling $3.82M; Ratio 15.531% , UBS has rated both as Buy.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (A Shares quote is delayed for at least 15 mins.)
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