Travel Is Finally Back — and an Era of Huge Growth Is Upon Us
Is the winter cultural tourism gradually improving? The "ice and snow +" consumer spending and industrial business are thriving.
① The "Ice and Snow +" cultural tourism activities in the northeast are abundant, with Harbin Ice and Snow World expanding to 1 million square meters. It is expected that this year's ice and snow tourism will surpass last year's popularity. ③ The cultural tourism industry in the southern winter is also bustling, with Shennongjia Ski Resort, sichuan ice and snow tourism projects, and others attracting tourists, while guangdong's "Conghua Hot Springs" ranks first in popularity increase.
Hong Kong stocks are moving | Consumer stocks surged in the afternoon, with Helen's (09869) rising more than 10% and jiumaojiu (09922) up more than 7%.
Dining and other csi consumer 360 index stocks surged in the final hours. As of the time of writing, Helen's (09869) rose by 10.2% to 2.81 HKD; jiumaojiu (09922) increased by 7.71% to 3.77 HKD; and Trip.com Group-S (09961) rose by 5.72% to 573 HKD.
Major rating ｜ Daiwa Capital Markets: Prefer stocks that benefit from domestic demand or policy support, including Meituan, Mengniu, Tencent, and Trip.com in the 'buy' list.
Dahua Jixian's report pointed out that looking ahead, the bank expects that with Trump returning to the White House, the tension between China and the US may escalate, and Trump's inclination to increase tariffs may bring unfavorable factors. Therefore, the bank prefers stocks related to domestic demand or benefiting from policies, and has included Meituan, Mengniu, Tencent, and Ctrip in the "buy" list. Regarding Meituan, the bank is bullish on the continuous expansion of its food delivery business market share, the increase in penetration rate of its fresh e-commerce business, and the synergistic effects with core business and new measures; with a target price of 222 Hong Kong dollars. As for Mengniu, the bank believes that the balance between supply and demand of raw milk will be achieved by the mid-2025, and the status of channel inventory
Ctrip Group-S rose 3% in early trading, with institutions indicating stable revenue growth despite a high base.
Ctrip Group-S (09961) rose 3% in early trading, now at 532 Hong Kong dollars, with a turnover of 0.353 billion Hong Kong dollars. gtja's research report stated that Ctrip's third-quarter revenue met expectations, with growth in hotel, transportation, and business revenue all at the upper limit of guidance, but group tour business revenue growth was lower than expected. Considering the high base from the same period last year, the performance of transportation ticketing and hotel bookings during the period indicates that tourism and service demand remain strong. The bank stated that Ctrip's third-quarter performance exceeded expectations, with stable revenue growth under a high base, and ideal cost control.
Hong Kong stocks unusual movement | Ctrip Group-S (09961) rose by over 3% again, the company's third-quarter performance exceeded expectations. Institutions pointed out that under the high base, income growth remains stable.
Ctrip Group-S (09961) rose more than 3% again, accumulating over 11% post-performance. As of the deadline, it rose by 3.1%, reaching 532.5 Hong Kong dollars, with a turnover of 0.272 billion Hong Kong dollars.
