Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00780 TONGCHENGTRAVEL
RTNominal up20.650 +0.790 (+3.978%)
Others

11/03/2021 15:10

{I-bank focus}JP Morgan ups Tongcheng-Elong (00780) to HK$20

[ET Net News Agency, 11 March 2021] J.P. Morgan lifted its target price for
Tongcheng-Elong (00780) to HK$20 from HK$19 and maintained its "overweight" rating.
The research house forecasted 4Q 2020 revenue to fall 8% to RMB1.8bn, slightly shy of
its guidance of (-5-0%), as domestic travel demand softened sharply from year-end,
particularly for transportation ticketing, amidst the resurgence of COVID.
JPM modeled GMV (gross merchandise volume) to decline 13%, which however would be
partially offset by higher take rates (JPM estimate: 4.3%, versus 4.1% a year ago),
similar to the trends throughout 2020.
It projected non-IFRS net profit to fall 11% y/y to RMB293m in 4Q, with 16.4% net margin
(versus 16.9% a year ago), in-line with the low-end of its guidance (RMB300-350m). (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.