Tongcheng Travel Likely to Benefit From Solid Travel Demand -- Market Talk
Dow Jones
Jul 17, 2025
0820 GMT - Tongcheng Travel is likely to benefit from solid travel demand, say Citi analysts in a research note. Year-over-year improvements on take rates for both hotel and transportation could be the key drivers for the Chinese online travel agency's core revenue growth and margin improvement, the analysts say. They expect 2Q revenue and profit to be largely in line with consensus. Citi maintains a buy rating with a target price of HK$26.00. Shares closed at HK$21.80. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
July 17, 2025 04:20 ET (08:20 GMT)
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