UBS lowered the target price for Tongcheng Travel (00780) to HKD23 from HKD25 and maintained the "buy" rating.
The research house said it factors in some conservatism in previous estimates, and now expects Tongcheng's 2Q/2024E Core OTA revenue to grow 20.9%/23.8% YoY, which are roughly in line with consensus.
【你點睇】工聯會調查指外勞輸入政策影響漸現,多個行業失業比例較高,促暫停輸入外勞,你是否認同?► 立即投票