Tongcheng Travel Outlook Weighed by Oil-Price Surge -- Market Talk

Dow Jones

05/22

0405 GMT - Tongcheng Travel faces headwinds from rising oil prices, which have dragged domestic travel demand more than expected, Citi analyst Brian Gong says in a note. While short-haul travel remains relatively resilient, higher airline ticket prices could weigh on long-haul demand, the analyst says. Citi lowers its 2026 revenue estimate for Tongcheng Travel by 3.3% and cuts its target price on the stock to 25 Hong Kong dollars from HK$28. The bank keeps its buy call on the stock, citing undemanding valuations. Shares are down 5.2% at HK$14.87. (venkat.pr@wsj.com)

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May 22, 2026 00:05 ET (04:05 GMT)

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While short-haul travel remains relatively resilient, higher airline ticket prices could weigh on long-haul demand, the analyst says. Citi lowers its 2026 revenue estimate for Tongcheng Travel by 3.3% and cuts its target price on the stock to 25 Hong Kong dollars from HK$28. The bank keeps its buy call on the stock, citing undemanding valuations. Shares are down 5.2% at HK$14.87. 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While short-haul travel remains relatively resilient, higher airline ticket prices could weigh on long-haul demand, the analyst says. Citi lowers its 2026 revenue estimate for Tongcheng Travel by 3.3% and cuts its target price on the stock to 25 Hong Kong dollars from HK$28. The bank keeps its buy call on the stock, citing undemanding valuations. Shares are down 5.2% at HK$14.87. (venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2026 00:05 ET (04:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001226.SGD","symbol_name":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637367115","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637367115","pubTimestamp":1779422700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0405 GMT - Tongcheng Travel faces headwinds from rising oil prices, which have dragged domestic travel demand more than expected, Citi analyst Brian Gong says in a note. While short-haul travel remains relatively resilient, higher airline ticket prices could weigh on long-haul demand, the analyst says. Citi lowers its 2026 revenue estimate for Tongcheng Travel by 3.3% and cuts its target price on the stock to 25 Hong Kong dollars from HK$28. The bank keeps its buy call on the stock, citing undemanding valuations. Shares are down 5.2% at HK$14.87. 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While short-haul travel remains relatively resilient, higher airline ticket prices could weigh on long-haul demand, the analyst says. Citi lowers its 2026 revenue estimate for Tongcheng Travel by 3.3% and cuts its target price on the stock to 25 Hong Kong dollars from HK$28. The bank keeps its buy call on the stock, citing undemanding valuations. Shares are down 5.2% at HK$14.87. (venkat.pr@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2026 00:05 ET (04:05 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}