Group 1 - Citi maintains a "Buy" rating for Trip.com (TCOM.US) and Tongcheng Travel (00780), setting a target price of $82 for Trip.com and HKD 28 for Tongcheng Travel [1] - The stock price of Trip.com is unlikely to fluctuate due to Spring Festival data as regulatory investigations are ongoing [1] - Trip.com is scheduled to announce its earnings after the US market closes on February 25 [1] Group 2 - The Ministry of Transport reported that during the first 17 days of the Spring Festival travel period (February 2 to March 13), the total passenger throughput increased by 4% year-on-year, with rail, civil aviation, road, and waterway transport growing by 2.8%, 5.2%, 4%, and 18.4% respectively [1] - The first four days of the nine-day Spring Festival holiday showed stronger performance, with total throughput increasing by 6.8%, and rail, civil aviation, road, and waterway transport growing by 3.5%, 7.7%, 6.8%, and 26.9% respectively [1] - Domestic passenger throughput data is generally in line with expectations, with civil aviation and road performance exceeding the market, while rail data appears weak, possibly due to base comparison issues [1] Group 3 - The National Immigration Administration estimates that the average daily cross-border passenger volume during the nine-day holiday will reach 2.05 million, a year-on-year increase of 14.1% [1] - This estimate remains to be observed, as pre-holiday predictions by the immigration bureau are often overly optimistic and may be affected by events in Japan [1]
花旗：春运首17天旅客量同比增4% 维持同程旅行(00780)“买入”评级