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| HSI1 | 25,884.43 | +25.55 | 328.18B |
| HSCEI1 | 8,612.15 | -32.56 | 103.63B |
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2026-07-30 16:57:50 TONGCHENGTRAVEL (00780.HK) is set to announce its 2Q results. In a report, BOCI projected adjusted net profit for 2Q to grow only 8% YoY to RMB836 million, with the growth rate slowing radically from 19% in 1Q, owing to feeble travel demand in China caused by severe weather and rising oil prices. The broker cut its 2026 revenue and adjusted net profit forecasts by 0.6% and 2%, respectively, to reflect the softer 2Q performance. Based on discounted cash flow valuation, it lowered the TP from HKD22.7 to HKD19.5, while maintaining a Buy rating. The broker believed short-term valuation is being pressured by regulatory concerns and suppressed travel demand in July, but the medium- to long-term outlook remains unchanged, with current valuation becoming more attractive. ~ AASTOCKS Financial News Website: www.aastocks.com | |