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55039 SG#HSTECRP2712D (R BEAR)
RT Nominal up0.097 +0.011 (+12.791%)

20/11/2024 15:59

{I-bank focus}HSBC raises Tongcheng Travel (00780) to HKD19

[ET Net News Agency, 20 November 2024] HSBC Global Research raised the target price for
Tongcheng Travel (00780) to HKD19 from HKD17 and maintained the "hold" rating.
The research house said it believes 3Q likely marks the seasonal peak level of take
rates as it was driven by a reduction in subsidies amid a busy season rather than
structural uplift in take rates. (rc)

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