Tongcheng Travel's Topline Growth to Speed Up From 2H -- Market Talk

Dow Jones04-18

0454 GMT - Tongcheng Travel is likely to see topline growth accelerate further from 2H, Citi analysts Brian Gong and Alicia Yap say in a research note. New initiatives like the expansion of its app and outbound business are likely to drive the growth, the analysts said. The acceleration may start from 2Q, helped by the travel company's solid performance during the Qingming festival this month. They expect Tongcheng's 1Q topline and earnings to meet consensus views. The analysts keep a buy rating on the stock, and raise the target price to HK$26 from HK$25. Shares are up 0.9% to HK$22.25. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 18, 2024 00:54 ET (04:54 GMT)

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New initiatives like the expansion of its app ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001093.SGD","symbol_name":"United Greater China Fund A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428453320","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428453320","pubTimestamp":1713416040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0454 GMT - Tongcheng Travel is likely to see topline growth accelerate further from 2H, Citi analysts Brian Gong and Alicia Yap say in a research note. 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