[Brokerage Focus] Dongbei Securities maintains a buy rating on tongchengtravel (00780), citing its outstanding competitive advantage in traffic and inventory resources backed by Tencent and Ctrip.

Jingu Financial News | Northeast Securities Research indicates that in Q3 2024, tongchengtravel (00780) achieved revenue of 5 billion, a year-on-year increase of 51% (exceeding expectations, company guidance was 45-50%). Adjusted net income was 0.91 billion, a year-on-year increase of 47% (exceeding expectations and guidance). The report states that the core OTA achieved revenue of 4 billion, a year-on-year increase of 22%, including traffic ticketing at 2 billion, a year-on-year increase of 21%, lodging bookings at 1.38 billion, a year-on-year increase of 22%, and other revenue at 0.61 billion, a year-on-year increase of 24%. International business led the growth, with international flight volume increasing by over 110% and international hotel nights increasing by over 130%. The vacation business achieved.

Golden Financial NewsNov 22 02:41 ET

Tongcheng Travel Holdings Limited (HKG:780) Analysts Are Pretty Bullish On The Stock After Recent Results

Simply Wall StNov 21 17:38 ET

Open Source Securities: The expansion of domestic demand policy optimization boosts confidence, and the OTA platform is still expected to accelerate on a quarter-on-quarter basis in Q4.

With the new expansion cycle of the underlying supply, destination service system, transportation infrastructure, online booking/traffic channels and other upstream and downstream links are building a new supply system to meet the diverse tourism consumption demands of the general public.

Zhitong FinanceNov 21 01:52 ET

[Brokerage Focus] Guosen Securities maintains the outperform rating for tongchengtravel (00780), indicating it is expected to continuously benefit from WeChat traffic and the penetration bonus in lower-tier markets.

Golden Finance News | Guosen Securities issued a research report, tongchengtravel (00780) reported revenue of 4.99 billion yuan, net income attributable to shareholders of 0.79 billion yuan, adjusted net income of 0.91 billion yuan in Q3 2024, with year-on-year growth of 51.3%/55.5%/46.6%, exceeding expectations (47%/24%/32% year-on-year growth). In detail: 1) OTA platform revenue of 4.01 billion yuan, +21.6% year-on-year, with an operating profit margin of 31.1%, a significant increase of 6.0 percentage points year-on-year, a significant improvement compared to -3.7/-2.2 percentage points in Q1/Q2, driven by improved marketing efficiency and structural optimization.

Jinwu Financial NewsNov 21 01:03 ET

【Brokerage Focus】Guozheng International raises the target price of tongchengtravel (00780) by about 20%, expecting its core OTA revenue in the fourth quarter to increase by 21% year-on-year.

Golden Finance News | Guozheng Guoji released a research report, tongchengtravel (00780) total revenue in the third quarter was 5 billion yuan, a year-on-year/quarter-on-quarter increase of 51%/18%, slightly exceeding the bank and market expectations by 3%. Core OTA business revenue increased by 22% year-on-year, with lodging reservations/transport ticketing increasing by 22%/21% to 1.38 billion yuan/1.77 billion yuan. Holiday business contributed an incremental revenue of 0.98 billion yuan, accounting for 20% of total revenue (compared to 17% in the second quarter). Core OTA business operating profit was 1.25 billion yuan, a year-on-year/quarter-on-quarter increase of 50%/46%, with an operating profit margin of 31%, year-on-year/quarter-on-quarter.

Jinwu Financial NewsNov 21 00:52 ET

Tongcheng Travel Could Continue Strong Growth Momentum -- Market Talk

WSJNov 20 23:07 ET