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<Research>G Sachs Keeps Buy on TRIP.COM-S (09961.HK), Cuts TP to HKD28.4
Recommend
7
Positive
20
Negative
5
Goldman Sachs released a research report on TONGCHENGTRAVEL (00780.HK), which delivered in-line results, with improvements in platform GMV and profit margins. The net profit for the period elevated 18% YoY, beating both the broker's and market's expectations by 3%.

Goldman Sachs adjusted its EPS forecast for TONGCHENGTRAVEL for 2025-27 down by 1-4%, and lowered the target price from HKD28.7 to HKD28.4, maintaining a Buy rating. However, within the China OTA sector, TRIP.COM-S (09961.HK) remained the top pick.

Related NewsHSBC Research Upgrades TONGCHENGTRAVEL (00780.HK) to Buy, Lifts TP to $24

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