<Research>Macquarie Adds TONGCHENGTRAVEL (00780.HK) TP to $25.5, Keeps Rating at Outperform

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<Research>Macquarie Adds TONGCHENGTRAVEL (00780.HK) TP to $25.5, Keeps Rating at Outperform

TONGCHENGTRAVEL (00780.HK)'s 1Q25 results beat expectations, Macquarie released a research report saying. Of which, revenue was in line with expectations, but net profit was 6%...

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<Research>Macquarie Adds TONGCHENGTRAVEL (00780.HK) TP to $25.5, Keeps Rating at Outperform

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SHORT SELL

STOCK INFO

TONGCHENGTRAVEL (00780.HK) +0.900 (+4.110%) Short selling $60.59M; Ratio 27.589% 's 1Q25 results beat expectations, Macquarie released a research report saying. Of which, revenue was in line with expectations, but net profit was 6%/ 8% higher than the forecasts of Macquarie/ the market respectively, due to strong expansion in take rates.

Therefore, the broker kept rating at Outperform.

Related NewsTONGCHENGTRAVEL 1Q NP RMB669M, Up 68.6% YoY
Macquarie raised its 2025/ 2026 adjusted net profit forecasts for TONGCHENGTRAVEL by 2% each, reflecting a better margin outlook, and added its target price to $25.5 from $25.1.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-29 12:25.)

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