Goldman Sachs: Neutral rating on China Duty Free Group (01880.HK), target price lowered to 64 Hong Kong dollars.

According to the Zhidao Finance APP, Goldman Sachs released a research report stating that China International Travel Service Corporation Limited (01880.HK) achieved a 21% year-on-year growth in net profit to 2.35 billion RMB in the first quarter under a low base last year, reaching 44% of the bank's annual forecast, slightly lower than the historical seasonal levels of over 50% in the same period from 2023 to 2025; traditionally, the first and fourth quarters are the peak seasons for the whole year. The target price was lowered from HK$67 to HK$64, with a rating of "Neutral".