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<Research>BOCI Slightly Raises TONGCHENGTRAVEL TP to HKD23.6; 1Q Results Beat
BOCI released a research report, covering TONGCHENGTRAVEL (00780.HK), which posted a 41% YoY elevation in adjusted net profit for 1Q25, surpassing the broker's expectations. De...
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<Research>BOCI Slightly Raises TONGCHENGTRAVEL TP to HKD23.6; 1Q Results Beat
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BOCI released a research report, covering TONGCHENGTRAVEL (00780.HK)  -0.100 (-0.458%)    Short selling $28.71M; Ratio 39.636%   , which posted a 41% YoY elevation in adjusted net profit for 1Q25, surpassing the broker's expectations. Despite unfavorable factors such as a high base from 2024 and weak hotel room prices of the group, the company's strategy remains effective.

Even without considering TONGCHENGTRAVEL's proposed acquisition of Wanda's hotel management business, the broker is more confident of the company in achieving a 20% YoY growth in net profit for 2025.

Related NewsTONGCHENGTRAVEL 1Q NP RMB669M, Up 68.6% YoY
BOCI reiterated its Buy rating on TONGCHENGTRAVEL and slightly raised the target price from HKD23.3 to HKD23.6.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-28 12:25.)

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