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Latest Broker Ratings, TPs, Views on TONGCHENGTRAVEL (00780.HK)
2026-05-22 12:16:58
AASTOCKS Financial News compiled the latest investment ratings, target prices and views on TONGCHENGTRAVEL (00780.HK) from five brokers as follows:

Brokers | Ratings | TPs | Key Views

Goldman Sachs | Buy | HKD29 -> 25.3
1Q26 results were in line, but rising fuel surcharges put pressure on long-haul and air travel. The company lowered its full-year revenue guidance and cut its EPS forecasts for 2026-28 by 34%. Given the undemanding valuation, the Buy rating was maintained.

Citi | Buy | HKD28 -> 25
1Q26 earnings slightly beat market expectations, but the surge in oil prices and higher fuel surcharges had a greater-than-expected impact on domestic travel demand. However, optimized operating expenses should support margin expansion.

UBS | Buy | HKD26.5 -> 23
1Q26 revenue and earnings slightly beat. External headwinds will suppress short-term revenue growth, while rising oil prices and train ticket price adjustments impacted the transportation sector.

JP Morgan | Neutral | HKD21.5 -> 17.5
1Q26 results were solid, but management turned more cautious on 2Q26. Valuation is not demanding, yet catalysts are lacking.

CLSA | Hold | HKD20 -> 16.5
1Q26 results beat, but rising fuel surcharges are weighing on air traffic volume and long-haul hotel demand. Revenue and earnings forecasts for this year were cut. A re-rating is expected only after growth recovery of the core online travel agency (OTA) platform.
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AASTOCKS Financial News
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