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Hong Kong stocks movement | TONGCHENGTRAVEL (00780) is currently up over 4%. The performance of inbound and outbound tourism during the New Year holiday is impressive, and OTAs are expected to continue benefiting from high prosperity.
TONGCHENGTRAVEL (00780) is currently up over 4%. As of the time of writing, it has risen by 3.64%, trading at 18.22 Hong Kong dollars, with a transaction volume of 29.1012 million Hong Kong dollars.
Is There An Opportunity With Tongcheng Travel Holdings Limited's (HKG:780) 41% Undervaluation?
HK Eyes 60% Tourism Growth By 2029 In New Blueprint
As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.
① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.
Short trips for the New Year and "combined leave" travel are on the rise, and tourism during the Spring Festival still appears to be booming.
① This year's New Year's holiday is relatively short, and it is said in the industry that most tourists will prefer short trips and "combine vacation" travels. Influenced by the "combine vacation," data from third-party platforms show that from December 28 to January 5, flight bookings increased year-on-year; ② Registration for long-haul outbound travel products for the Spring Festival has gradually closed, and it is expected that about 80% of the products for this winter vacation (including the Spring Festival) will see price decreases of 10% to 40%.
Tongcheng Travel Holdings Limited's (HKG:780) Top Owners Are Public Companies With 28% Stake, While 27% Is Held by Individual Investors
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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.