Core Viewpoint - Tongcheng Travel (00780) has seen its stock price rise over 3%, reaching a historical high of 24.88 HKD, driven by favorable government policies aimed at boosting service consumption and tourism [1][1]. Company Summary - As of the latest report, Tongcheng Travel's stock is up 3.33%, trading at 24.84 HKD with a transaction volume of 166 million HKD [1]. - Citigroup maintains a "Buy" rating for Tongcheng Travel, setting a target price of 28 HKD [1]. Industry Summary - The Ministry of Commerce and nine other departments issued a notice on September 16, outlining measures to expand service consumption, including attracting more foreign visitors and optimizing student holiday arrangements [1]. - The proposal to establish fixed spring and autumn breaks could lead to a more balanced distribution of tourism demand throughout the year, potentially creating new travel peaks and improving profitability for online travel agencies (OTAs) [1]. - A report indicates that the combined National Day and Mid-Autumn Festival holiday in 2025 will last from October 1 to October 8, which is expected to drive strong tourism demand, particularly for long-distance and outbound travel [1].
港股异动 | 同程旅行(00780)涨超3%再破顶 黄金周旅游热度高涨 机构看好扩大服务消费提振OTA