Hong Kong stocks concept tracking | China has fully relaxed and optimized the visa-exemption policy for transit, benefiting travel OTA platforms the most (including concept stocks).

On December 17, the National Immigration Administration announced that from now on, the transit visa-free policy will be fully relaxed and optimized, extending the stay duration for transit visa-free foreigners from the original 72 hours and 144 hours to 240 hours (10 days), while adding 21 ports as entry and exit points for transit visa-free individuals, and further expanding the areas for activities during their stay.

Zhitong FinanceDec 16 21:19 ET

Billion-dollar government Fund, trillion-dollar Consumer market! The ice and snow industry is "fully powered up".

① As December arrives, ski resorts and ice rinks across the country enter a peak operation period, with A-share ice and snow Concept stocks performing actively, and several individual stocks reaching new price highs. ② Recently, Jilin Province proposed to increase financial support and establish an investment Fund for the ice and snow industry with 1 billion yuan, coordinating various types of financial specialized support for the ice and snow economy amounting to 0.5 billion yuan.

cls.cnDec 16 08:03 ET

[Brokerage Focus] East Money Information Securities initially gives TONGCHENGTRAVEL (00780) a "Buy" rating, citing a stable OTA competitive landscape with room for increased penetration.

Jinwu Financial News | East Money Information Securities Research points out that TONGCHENGTRAVEL (00780) firmly maintains its position at the forefront of the sinking market OTA Industry, with rapid growth in revenue and profit after the pandemic. As of Q3 2024, the company's Lodging booking business covers approximately 3.2 million domestic and international hotels and non-standard Lodging, over 730 airlines and about 450,000 routes operated by agents, approximately 180,000 auto routes, over 800 ferry routes, and provides ticket services for more than 10,000 domestic tourist attractions. In 2023/Q1-3, the company achieved revenue of 11.9/13.1 billion yuan, a year-on-year increase of +80.7%/+49.7%, with approximately 80%.

Jingu Financial News.Dec 16 00:29 ET

Everbright: Maintains a "Buy" rating on TONGCHENGTRAVEL (00780) with performance in Q3 2024 remaining high.

Everbright maintains TONGCHENGTRAVEL's adjusted Net income for 2024-2026 at 2.74, 3.252, and 3.872 billion yuan respectively.

Zhitong FinanceDec 15 20:38 ET

Special contributor Deng Shengxing: The central meeting did not bring any surprises to the market, the Hang Seng Index is struggling around 20,000 points.

Jinwu Financial News | The Hang Seng Index closed at 19,971 on Friday (13th), down 425 points or 2.1%. The market had a total turnover of 158.4 billion yuan for the day. The National Index fell 173 points or 2.4%, closing at 7,184. The Technology Index dropped 2% to 4,508, marking three consecutive weeks of decline along with the National Index. Goldman Sachs stated that the central economic committee's lack of stable housing policies is disappointing, with Longfor (00960) dropping 7.3%, the worst performing blue chip for the day; China Overseas Land & Investment (00688) fell 4.9%, down 5.1% for the week, also the worst performing blue chip; overnight gold prices significantly retreated, dragging gold-related stocks down. Zijin (02899) dropped 5.5%; Zhaojin.

Jinwu Financial NewsDec 15 20:19 ET

Hong Kong stock fluctuations | TONGCHENGTRAVEL (00780) rose over 6% in the morning, with multiple locations issuing cultural tourism consumer vouchers and a surge in search popularity for outbound travel during the Spring Festival holiday.

TONGCHENGTRAVEL (00780) rose over 6% in early trading. As of the time of writing, it has increased by 5.86%, priced at 20.05 HKD, with a transaction volume of 0.11 billion HKD.

Zhitong FinanceDec 11 21:47 ET