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Tongcheng Travel Holdings Limited's (HKG:780) Price In Tune With Revenues
When you see that almost half of the companies in the Hospitality industry in Hong Kong have price-to-sales ratios (or "P/S") below 0.7x, Tongcheng Travel Holdings Limited (HKG:780) looks to be
Tongcheng Travel Set to Post Strong 2Q Revenue Growth -- Market Talk
0905 GMT - Tongcheng Travel is likely to post accelerated revenue growth for 2Q, Jefferies analysts Thomas Chong and Zoey Zong say in a research note. They forecast on-year 2Q total revenue growth
Nomura: Profits in China's internet plus-related industry better than expected, focus on ai in the second half of the year.
Shalong Shi, head of the Nomura China Internet and New Media Research Department, said that investors are relatively cautious about the mainland's internet plus-related industry, but think that the fundamentals of the industry are still healthy.
Guosen Securities: Top scenic spots are expected to benefit from the structured dividends of China's population and urbanization.
Short-term head scenic area passenger flow shows resilience, and related summer resort products are expected to benefit directly from high temperatures in the summer. At the same time, in the next 2-3 years, head scenic areas will successively enter the new project production stage, with the potential to benefit from the structured demographic and urban dividends in the medium term.
Hong Kong stock concept tracking | China's 144-hour transit visa-free policy applies to more ports, benefiting tourism OTA platforms first (with concept stocks)
The expansion of the 144-hour transit visa exemption policy in two provinces this time provides more choices for foreign nationals to travel and engage in business activities in China.
Hong Kong stock concept tracking | In the second quarter, the transportation to and from airports increased by 145% compared to the previous quarter. OTA platforms benefited from the need to improve infrastructure for inbound tourism. (Concept stocks atta
According to Ctrip's data, in the second quarter of 2024, inbound travel orders to China increased by 28% compared to the first quarter, and the demand for overseas travelers' ground transportation services accelerated. Inbound airport transfer orders increased by 145% in the second quarter compared to the first quarter. With the further expansion of China's visa-free policy, more and more inbound tourists are coming to China for travel, and the inbound tourism market continues to heat up. Recently, Alipay released data that the amount spent on Alipay by inbound guests in the first half of 2024 increased by 8 times year-on-year. Since the end of 2023, inbound tourists from 14 countries with visa exemption or mutual visa exemption agreements with China have used Alipay to consume in China in the first half of the year.
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