Sealand Securities Maintains "Buy" Rating on TONGCHENGTRAVEL with HK$24 Target Price

Deep News

May 26

Sealand Securities Co.,Ltd. released a research report stating that TONGCHENGTRAVEL (00780), as a leading OTA platform in lower-tier markets, continues to benefit from the release of demand for domestic short and long-haul travel, increased penetration in lower-tier markets, international business expansion, and user growth driven by deep cultivation of online and offline traffic. The firm forecasts the company's revenue for 2026-2028 to be RMB 21.1 billion, RMB 23.6 billion, and RMB 26.3 billion, respectively. Net profit attributable to the parent company is projected to be RMB 3.3 billion, RMB 3.8 billion, and RMB 4.4 billion for those years, corresponding to a diluted EPS of RMB 1.4, RMB 1.6, and RMB 1.9. The corresponding P/E ratios are estimated at 9.1x, 7.9x, and 6.8x. The firm assigns TONGCHENGTRAVEL a target market capitalization of RMB 48.2 billion for 2026, corresponding to a target price of HK$24, and maintains a "Buy" rating.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1110767799"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1110767799\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1110767799?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-26 15:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1110767799","market":"sg","top_or_hot":-1,"title":"Sealand Securities Maintains \"Buy\" Rating on TONGCHENGTRAVEL with HK$24 Target Price","media":"Deep News","content":"<p>Sealand Securities Co.,Ltd. released a research report stating that TONGCHENGTRAVEL (00780), as a leading OTA platform in lower-tier markets, continues to benefit from the release of demand for domestic short and long-haul travel, increased penetration in lower-tier markets, international business expansion, and user growth driven by deep cultivation of online and offline traffic. The firm forecasts the company's revenue for 2026-2028 to be RMB 21.1 billion, RMB 23.6 billion, and RMB 26.3 billion, respectively. Net profit attributable to the parent company is projected to be RMB 3.3 billion, RMB 3.8 billion, and RMB 4.4 billion for those years, corresponding to a diluted EPS of RMB 1.4, RMB 1.6, and RMB 1.9. The corresponding P/E ratios are estimated at 9.1x, 7.9x, and 6.8x. The firm assigns TONGCHENGTRAVEL a target market capitalization of RMB 48.2 billion for 2026, corresponding to a target price of HK$24, and maintains a \"Buy\" rating.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sealand Securities Maintains \"Buy\" Rating on TONGCHENGTRAVEL with HK$24 Target Price</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSealand Securities Maintains \"Buy\" Rating on TONGCHENGTRAVEL with HK$24 Target Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-26 15:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sealand Securities Co.,Ltd. released a research report stating that TONGCHENGTRAVEL (00780), as a leading OTA platform in lower-tier markets, continues to benefit from the release of demand for domestic short and long-haul travel, increased penetration in lower-tier markets, international business expansion, and user growth driven by deep cultivation of online and offline traffic. The firm forecasts the company's revenue for 2026-2028 to be RMB 21.1 billion, RMB 23.6 billion, and RMB 26.3 billion, respectively. Net profit attributable to the parent company is projected to be RMB 3.3 billion, RMB 3.8 billion, and RMB 4.4 billion for those years, corresponding to a diluted EPS of RMB 1.4, RMB 1.6, and RMB 1.9. The corresponding P/E ratios are estimated at 9.1x, 7.9x, and 6.8x. The firm assigns TONGCHENGTRAVEL a target market capitalization of RMB 48.2 billion for 2026, corresponding to a target price of HK$24, and maintains a \"Buy\" rating.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0174","symbol_name":"增持","start_time":0,"source_url":"","article_id":"1110767799","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110767799","pubTimestamp":1779780032,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Sealand Securities Co.,Ltd. released a research report stating that TONGCHENGTRAVEL (00780), as a leading OTA platform in lower-tier markets, continues to benefit from the release of demand for...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK0174":"增持","SG9999001051.SGD":"United Asia Fund SGD","SG9999001093.SGD":"United Greater China Fund A Acc SGD","00780":"同程旅行","BK1604":"节假日概念","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC","EWH":"香港ETF-iShares MSCI","000750":"国海证券","BK0183":"MSCI概念","BK1164":"酒店、度假村与豪华游轮","BK0188":"融资融券","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","LU2460026573.USD":"abrdn SICAV I -  CHINA NEXT GENERATION \"A\" (USD) ACC","BK0028":"国家队","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","BK0276":"资本市场","LU0278937759.USD":"abrdn SICAV I - EMERGING MARKETS SMALLER COMPANIES\"A\" (USD) ACC","BK1615":"港股-互联网","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","BK1516":"腾讯概念"},"translate_title":"国海证券维持同程旅行“买入”评级目标价24港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWH":1,"00780":1,"000750":1},"content_text":"Sealand Securities Co.,Ltd. released a research report stating that TONGCHENGTRAVEL (00780), as a leading OTA platform in lower-tier markets, continues to benefit from the release of demand for domestic short and long-haul travel, increased penetration in lower-tier markets, international business expansion, and user growth driven by deep cultivation of online and offline traffic. The firm forecasts the company's revenue for 2026-2028 to be RMB 21.1 billion, RMB 23.6 billion, and RMB 26.3 billion, respectively. Net profit attributable to the parent company is projected to be RMB 3.3 billion, RMB 3.8 billion, and RMB 4.4 billion for those years, corresponding to a diluted EPS of RMB 1.4, RMB 1.6, and RMB 1.9. The corresponding P/E ratios are estimated at 9.1x, 7.9x, and 6.8x. The firm assigns TONGCHENGTRAVEL a target market capitalization of RMB 48.2 billion for 2026, corresponding to a target price of HK$24, and maintains a \"Buy\" rating.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}