Bank of America Securities: Maintains a "neutral" rating on China Duty Free (01880.HK), saying the stock is unlikely to have significant revaluation space.

According to the Wise Financial APP, Bank of America Securities released a research report stating that it has lowered China International Duty Free (01880.HK) 2026 earnings forecast by 10% to reflect first-quarter performance lower than expected. The target price for China International Duty Free (601888.SH) A shares has been lowered from 95 yuan to 85 yuan, equivalent to a predicted 2026 P/E ratio of 35 times, roughly in line with the historical median of 34 times. The bank believes that duty-free sales growth may have peaked in the first quarter and that there is limited room for stock revaluation, maintaining a "neutral" rating.