$China Tourism Group Duty Free Corporation Limited(601888)$ $Trip.com Group Limited(TCOM)$ $China Tourism And Culture Investment Group Co.,Ltd.(600358)$
Kia ora Tiger traders! 🌟
📈 China’s domestic tourism is back in full swing! From Q1 to Q3 of 2024, there were 4.29 billion trips made, with a massive 4.32 trillion yuan in total spending—marking solid increases of 16.8% and 17.1% year-over-year! These numbers are climbing rapidly towards the peak levels seen in 2019! 🏖️🇨🇳
This resurgence brings bullish opportunities across key stocks that stand to benefit from the boom in domestic travel. Let’s break it down:
• China Tourism Group Duty-Free Corp (601888.SS) 💸
As China’s leading duty-free retailer, this giant will cash in as more travelers flock to airports and high-end shopping hubs.
• Current Price: ¥240.28
• 💚 20 Buy, 🟡 6 Hold, 🔴 1 Sell ratings.
• China Eastern Airlines (600115.SS) ✈️
With domestic air travel skyrocketing, China Eastern Airlines is set to fill more seats and boost revenues, returning to 2019 capacities!
• Current Price: ¥6.38
• 💚 12 Buy, 🟡 4 Hold, 🔴 3 Sell ratings.
Source: China Daily
China Eastern Airlines launches direct flight between Shanghai and Venice
With some 230 passengers onboard, the direct flight between East China cosmopolitan Shanghai and Venice, Italy officially kicked off its operation on Thursday (September 26) by Shanghai-based China Eastern Airlines.
Andrea Zaccaria, who is coming from Italy, is among the first batch of passengers trying the debut flight, and he called the launch of the direct flight a dream to come true. Living not very far from Venice in Italy, Zaccaria said his friends and family can travel much more conveniently with the direct flight.
Operational every Monday, Thursday and Saturday, the Shanghai-Venice flight takes 13 hours flying between the Shanghai Pudong International Airport and Venice Marco Polo International Airport, according to the Shanghai-based carrier.
"The launch of the direct flight between the two cities will promote people-to-people exchanges, as well as economic and trade ties," said Qin Yun, chairman of the Shanghai Airport (Group) during the launching ceremony held on Wednesday.
China Eastern Airlines launches direct flight to Kazan from Shanghai
China Eastern Airlines launched direct flight connecting Shanghai and Kazan in Russia's Republic of Tatarstan on Saturday, marking the first direct route linking the two cities.
The inaugural flight took off from the Shanghai Pudong International Airport at noon on Saturday, with the plane expected to arrive at Kazan International Airport at 5:00 pm local time after a nine-hour flight. A total of 240 passengers are onboard, becoming the first batch of travelers of the debut flight and making the load factor surpass 90 percent, according to the Shanghai-based carrier.
The flight, which will operate every Tuesday, Thursday and Saturday, will shorten the travel time between the two cities to about 9.5 hours from previous more than 15 hours.
Along with the Shanghai-Kazan route, China Eastern has recently launched three new international direct flights ahead of the National Day holiday, providing more options for international travel during the week-long holiday.
Kazan, the capital city of Russia's Republic of Tatarstan, is one of the three Russian historical and cultural cities along with Moscow and St. Petersburg, and it is also an economic and cultural transportation center and an important tourism city in the middle reaches of the Volga River.
• Ctrip (TCOM) 🏨
As China’s top online travel booking platform, Ctrip is expected to see rising demand for hotels, flights, and tourism services.
• Current Price: ¥29.80
• 💚 18 Buy, 🟡 3 Hold, 🔴 2 Sell ratings.
Coca-Cola China and Chimelong Group sign new agreement
Beverage giant Coca-Cola China and leading theme park operator Chimelong Group reached a five-year strategic cooperation agreement on Sept 27, to further enhance tourists' experience in the parks and properties.
Under the agreement, Coca-Cola China will provide a range of beverages to Chimelong Group's theme parks and hotels, including sparkling water, fruit juices, teas, ready-to-drink coffee, and packaged water.
Chimelong Group, which operates six theme parks, eight hotels and three circus theaters, has seen more than 40 million visitors to its parks this year.
Coca-Cola China will leverage its network of bottling partners in the Greater Bay Area -- Swire Guangdong Coca-Cola and Zhuhai Coca-Cola, to ensure the quality and efficiency of supply, the company said.
The collaboration will promote the integration of the beverage and cultural tourism sectors and reinforce both companies' commitment to growing with the Greater Bay Area, reflecting their long-term dedication to the Chinese market, the two sides said.
Capital Flow is already favoring these sectors, with significant fund movements aligning with growing tourism activity! Analysts are locking in BUY ratings as this sector rides the recovery wave. 📊
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerPicks @TigerWire @Daily_Discussion @TigerGPT @TigerPM @TigerStars
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China Tourism Group Duty-Free Corp (601888.SS)
China Tourism Group Duty-Free Corp is China's leading duty-free retailer. It is expected to benefit from the boom in domestic travel as more travelers flock to airports and high-end shopping hubs.
The current stock price is ¥240.28.
Analyst ratings: 20 Buy, 6 Hold, 1 Sell.
Capital Flow Data (5 Day):
9-24: Inflow of 194,499.4 million units (K)
9-25: Outflow of 107,107.9 million units (K)
9-26: Inflow of 483,695.9 million units (K)
9-27: Inflow of 29,085.1 million units (K)
9-30: Inflow of 190,276.0 million units (K)
China Eastern Airlines (600115.SS)
China Eastern Airlines is set to benefit from the surge in domestic air travel, which will lead to increased seat occupancy and higher revenues, returning to 2019 capacities.
The current stock price is ¥6.38.
Analyst ratings: 12 Buy, 4 Hold, 3 Sell.
China Tourism And Culture Investment Group Co., Ltd. (600358)
China Tourism And Culture Investment Group is involved in the tourism and culture industry.
The current stock price is ¥3.78.
Capital Flow Data (1 Day):
Inflow: ¥130 million
Outflow: ¥130 million
Trip.com Group Limited (TCOM)
Trip.com Group is a leading online travel agency in China.
The stock has the following analyst recommendations: 21 Buy, 1 Hold.
The mean, low, and high target price estimates are ¥64.37, ¥48.0, and ¥80.0, respectively.
Capital Flow Data (5 Day):
9-20: Inflow of 10,961.46 million units (K)
9-23: Outflow of 1,622.16 million units (K)
9-24: Inflow of 33,653.15 million units (K)
9-25: Inflow of 87,610.77 million units (K)
9-26: Inflow of 32,059.41 million units (K)
Earnings Forecast:
2024FY: EPS of ¥24.33, gross income of ¥52.33 billion, forecasting EBIT of ¥15.59 billion
2025FY: EPS of ¥25.89, gross income of ¥60.23 billion, forecasting EBIT of ¥18.39 billion
2026FY: EPS of ¥28.83, gross income of ¥68.33 billion, forecasting EBIT of ¥20.91 billion
Support price (2024-09-27): $54.43 (USD)
Resistance price (2024-09-27): $61.33 (USD)
Stock price (2024-09-30): $61.32 (USD)
Profiteer Ratio (2024-09-27): 0.9832
Please note that the above information is for reference purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and it is essential to conduct thorough research and analysis before making investment decisions.