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<Research>Citi: Pax Throughput in 1st 17 Days of Spring Festival Travel Rush Period Hikes 4% YoY; Rating Kept at Buy for Trip.com Group
Recommend 6 Positive 13 Negative 8 |
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The Ministry of Transport (MOT) announced the nationwide passenger throughput during the first 17 days of the Spring Festival travel rush period (2 February to 13 March); while the total volume increased by 4% YoY, with railway/ airline/ roadway/ waterway growing by 2.8%/ 5.2%/ 4%/ 18.4% YoY respectively, Citi Research issued a research report saying. During the first 4 days of the nine-day Spring Festival holiday, performance was even stronger, with total volume increasing by 6.8% YoY, and railway/ airline/ roadway/ waterway hiking by 3.5%/ 7.7%/ 6.8%/ 26.9% YoY, respectively. Therefore, the broker kept ratings at Buy for Trip.com Group (TCOM.US) and TONGCHENGTRAVEL (00780.HK), with target prices of US$82 and $28. AASTOCKS Financial News Website: www.aastocks.com |
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