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24618 JPTCTRA@EC2412A (CALL)
RT Nominal unchange0.014 0.000 (0.000%)

18/04/2024 15:43

{I-bank focus}Citi raises Tongcheng Travel (00780) to HKD26

[ET Net News Agency, 18 April 2024] Citi raised the target price for Tongcheng Travel
(00780) to HKD26 from HKD25 and maintained the "buy" rating.
The research house said despite strong revs growth, NPM could contract a bit yoy for
2024E since Tongcheng is likely to invest more aggressively in new initiatives. (rc)

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