On July 8, Tongcheng Travel rose 5.04% in regular trading, trading at HK$12.88 per share, with turnover of HK$84.21 million.

On the news front, Tongcheng Travel's full cash offer to acquire Dida Chuxing for approximately HK$1.424 billion has received endorsements from multiple international investment banks. Morgan Stanley assigned an Overweight rating with a target price of HK$27; Jefferies issued a Buy rating with a target of HK$20.3; CICC maintained an Outperform rating with a target of HK$22. Institutions broadly view the deal as enabling a closed-loop scenario linking long-haul booking with short-distance transit, unlocking synergies between travel and mobility services.

The acquisition, announced on June 29 at an offer price of HK$1.3875 per share representing a 9% premium, has secured irrevocable commitments from shareholders holding approximately 53.70% of Dida's issued shares. While the stock initially came under pressure following the announcement, market recognition of the transaction's strategic value is gradually recovering.

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