CITIC Securities: the tax-free industry has a broad long-term space. The current valuation level of China free has great allocation value in the consumer sector
Financial Associated Press, Jan. 12 (Reuters) - CITIC Securities research report pointed out that in the sufficient market space for tax exemption on outlying islands, China tax exemption has significant advantages in the supply chain and its profit margin is much higher than that in Hainan market. It benefits the most clearly, and it is expected that the diversion of tax-free purchasing market in South Korea is relatively limited. The tax-free industry has a broad long-term space. Combined with the company's growth and long-term roe, the current valuation level has great allocation value in the consumer sector, so it is recommended to make a positive layout.
This text is a result of machine translation.
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