00780 TONGCHENGTRAVEL
- 22.300
- +1.400+6.70%
TONGCHENGTRAVEL News
Changes in Hong Kong stocks | Tongcheng Travel (00780) rose more than 6% to increase online travel penetration, institutions are optimistic about the company's first quarter results
Tongcheng Travel (00780) rose more than 6%. As of press release, it rose 5.74% to HK$22.1, with a turnover of HK$117 million.
The biggest winner during the May 1st period
Who is making a strong comeback
Tongcheng Travel (00780): Domestic air ticket prices dropped by nearly 20% compared to peak holiday periods
Airline ticket prices took a big dive. On May 11, the air ticket price from Beijing to Seoul (excluding tax) was as low as 8 yuan
Guojin Securities: The increase in the number of May Day tourists continues to be optimistic about the popularization and penetration of tourism
The number of domestic tourists continued to achieve medium to high single-digit growth in May '24 under a high year-on-year basis. Compared with '19, the recovery rate was 128.2%, reaching the highest legal holiday point since the beginning of '23.
Hong Kong Stock Focus: After the big rebound, is Hang Seng Technology expensive? How about the upcoming quarterly report?
Morgan Stanley pointed out that the current forward price-earnings ratio of the Hengke Index is 13 times, which is the same as the average for the fourth quarter of 2023, and lower than the peak of 20 times in the first three quarters of 2023 and the first quarter of 2023.
Tongcheng Travel (00780.HK) will hold a board meeting on May 21 to approve the first quarter results
Gelonghui, May 6 | Tongcheng Travel (00780.HK) announced that the board of directors meeting will be held on May 21, 2024 to approve the unaudited first quarter results of the company and its subsidiaries for the three months ended March 31, 2024 and their announcements.
TONGCHENGTRAVEL: NOTICE OF BOARD MEETING
Ministry of Culture and Tourism: 295 million domestic tourists traveled during the “May 1st” holiday
The Zhitong Finance App learned that on May 6, the Ministry of Culture and Tourism released data showing that during the 2024 “May 1st” holiday, the national culture and tourism market was generally stable and orderly.
Hong Kong Stock Concept Tracking | “May Day” travel market continues to be strong! County tourism becomes a “new favorite” to focus on investment opportunities in the travel industry chain (with concept stocks)
Unlike large resource-rich cities, niche cities can drive exponential growth in the tourism economy by relying only on a single exit label.
Holiday Travels Bolster World Tourism Industry
Chinese holidays have injected impetus into the world economy, with the just-concluded May Day holiday bringing a strong burst of tourism growth to domestic as well as overseas destinations, travel experts said.
Tongcheng Travel Holdings' (HKG:780) Strong Earnings Are Of Good Quality
Investors were underwhelmed by the solid earnings posted by Tongcheng Travel Holdings Limited (HKG:780) recently. Our analysis says that investors should be optimistic, as the strong profit is built
Guoxin Securities: The growth rate of domestic county travel orders is better than the platform's overall May 1st outbound travel recovery is expected to accelerate
As for the upcoming May Day holiday, although last year's base figure is not low, considering that current residents' willingness to travel is still high, and there are still structural highlights such as sinking and leaving the country. The overall performance is still worth looking forward to.
同程旅行：2023年報
Dongxing Securities: May Day Travel Reservations Remain Strong, Focus on Investment Opportunities in the OTA, Scenic Area and Hotel Sectors
At this stage, demand for travel continues to be released after the epidemic, compounded by the rise of leisure and self-indulgent consumption, and the travel market remains booming. Especially in the context of the overall gradual recovery of the consumer market, the travel chain is expected to maintain a relatively dominant position.
Tongcheng Travel's Topline Growth to Speed Up From 2H -- Market Talk
0454 GMT - Tongcheng Travel is likely to see topline growth accelerate further from 2H, Citi analysts Brian Gong and Alicia Yap say in a research note. New initiatives like the expansion of its app an
Tongcheng Travel Target Price Raised to HK$26 From HK$25 by Citi >0780.HK
Tongcheng Travel Target Price Raised to HK$26 From HK$25 by Citi >0780.HK
The start of the 2024 travel market exceeded expectations, and leading companies such as Tongcheng Travel (00780) were sought after by capital
Tongcheng Travel's market capitalization reached HK$50 billion
Anxin International: May 1st Golden Week domestic and foreign travel data is expected to be positive, Ctrip Group-S (09961) and Tongcheng Travel (00780)
The Zhitong Finance App learned that Anxin International released a research report saying that the release of demand for family parent-child trips and long-term travel during the May 1st holiday is expected to increase the average cost of users. At the same time, consumers' preferences for cost performance and special travel will affect the repurchase of company/regional travel orders. It is recommended to pay attention to air ticket & hotel reservation volume and price trends. The bank is optimistic about the steady growth prospects of the travel market and the advantages of OTA platforms in expanding the user base and increasing the frequency of user bookings. It is optimistic about the supply chain advantages and user mentality of Ctrip Group-S (09961/TCOM.US), the growth of Tongcheng Travel (00780) user spending and travel agencies
Jefferies: Maintaining the “Buy” Rating Target Price of HK$28.2 for Tongcheng Travel (00780)
Jefferies expects Tongcheng Travel (00780)'s revenue and non-IFRS earnings for the first quarter of this year to be in line with expectations.
Major Bank Ratings | SPDB International: Raising the target price of the same trip to HK$24, optimistic about the low-line advantages and business development of the OTA circuit
SPDB International published a report citing data from the Ministry of Culture and Tourism. In 2024, 119 million people visited the country during the three days of the Ching Ming Festival holiday, an increase of 11.5% over the same period in 2019 according to a comparable scale; domestic tourists spent 53.95 billion yuan on travel, an increase of 12.7% over the same period in 2019.
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