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研報掘金丨華泰證券:維持中國中免“買入”評級,有望受益於入境遊需求增長
格隆匯 04-14 15:00

華泰證券研報指出,4月8日起國家有關部門相繼發佈《關於推廣境外旅客購物離境退稅“即買即退”服務措施的公告》(簡稱《“即買即退”公告》、調整關於對原產於美國的進口商品加徵關稅稅率等公告。疊加此前《提振消費專項行動方案》,波動的國際環境下,認爲提振內需的重要性不言而喻。本次“即買即退”政策有利於提升境外遊客便利性,促進本地再消費。中免佔據國內免稅市場份額的81.74%(公司官網),旗下免稅店作爲旅遊零售和承接消費迴流的重要窗口,渠道價值得以凸顯,有望受益於入境遊需求增長,引入優質國貨擴容產品矩陣,優化消費者體驗,帶動經營向上修復。維持“買入”評級。

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