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gtja: The earnings expectations of the three major Hong Kong stock indices continue to rise, with growth sectors leading the way.
gtja Securities stated that the earnings expectations of the three major stock indexes in Hong Kong continue to rise, with the highest year-on-year growth rate in earnings forecast for Hang Seng Index technology stocks, and recent upward revisions in earnings expectations for US and Chinese listed companies.
Anxin International: The National Day holiday tourism market performance is stable, maintaining the OTA platform's full-year performance forecast.
Maintain performance forecast for Ctrip Group-S (09961) and tongchengtravel (00780) for the full year of 2024, bullish on the agility of OTA in the changing trend of travel consumer operation and performance certainty.
With EPS Growth And More, Tongcheng Travel Holdings (HKG:780) Makes An Interesting Case
[Brokerage Focus] Bocom Intl: Currently, the valuation of individual stocks of internet companies still has room for upward adjustment compared to the average valuation since 2022.
Golden Finance News | bocom intl indicated that since September 24 (after the pullback as of October 8), the performance of covered company stock prices: the highest increase (60%+) mainly for companies with significant declines due to business adjustments earlier; there are more companies with stable fundamental performance in the range of 20-40% increase. The bank pointed out that the current valuations of individual stocks of internet-related companies still have room for upward adjustment compared to the average valuation since 2022, bullish on the future performance of e-commerce, OTA, gaming, and education industries except for companies with high valuations in the early stages of turning losses into profits. Subsequent stock selection logic: good fundamentals, strong certainty in performance in the second half of the year and in 2025.
Domestic Tourism Spending in China Rises 6% During National Day Holiday
China Merchants Securities: Slight increase in National Day travel, volume increase, price stability, and trend towards improvement.
China Merchants Securities released research reports stating that during the 2024 National Day holiday, domestic tourism visits increased by 5.9% year-on-year, domestic tourism revenue increased by 6.3% year-on-year. Overall, domestic income and visits during the National Day period are steadily improving. The average travel expenditure per person has already approached the level of the same period in 2019, and the overall travel data meets market expectations.
zigzinger : Most of the companies are ahead of their fundamentals. From the mid to long term view, the Chinese government is making a good move. That said, the proposed policies needs time to presented on the statistics as well.