Core Viewpoint - Haitong International's report indicates that Tongcheng Travel's revenue for the second quarter increased by 10% year-on-year, aligning with market expectations and within the company's guidance median [1] - Adjusted net profit rose by 18% year-on-year, exceeding expectations by 3.4% [1] Company Outlook - For the second half of the year, the average room rate trend in the hotel industry is improving, with expectations for hotel business and accommodation nights to grow slightly, surpassing industry levels [1] - The transportation ticketing business is expected to align more closely with industry trends [1] Investment Rating - Haitong International maintains a "Outperform" rating for Tongcheng Travel, raising the target price from HKD 27 to HKD 30 [1]
大行评级｜海通国际：上调同程旅行目标价至30港元 维持“跑赢大市”评级