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<Research>Citi Rates TONGCHENGTRAVEL as Buy on Reasonable Valuation & Stable Fundamentals
Recommend 16 Positive 25 Negative 13 |
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The market is expecting TONGCHENGTRAVEL (00780.HK) to announce its 4Q25 results in mid-March, with revenue and adjusted profit likely to meet expectations, according to a Citi research report. With the recovery of average room revenue and a low double-digit growth in room nights, Citi anticipates hotel revenue for 4Q25 to have grown by 15.8% YoY. The growth in transportation ticketing revenue may primarily benefit from improved commission rates. Given the current reasonable valuation and the upcoming peak travel season during the Spring Festival, Citi holds a short-term positive view on TONGCHENGTRAVEL. The broker has kept its target price at HKD28 and, with its stable fundamentals, maintained its Buy rating unchanged. AAStocks Financial News |
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