TONGCHENG's stock price rose nearly 4%, earning 20% more last year, Goldman Sachs raised its target price

AASTOCKS
2026.03.25 02:13

TONGCHENGTRAVEL (00780.HK) earned 20% more last year, with the stock price reaching a high of HKD 19.89 today (25th), currently reported at HKD 19.49, up 3.95%, with a trading volume of 3.2011 million shares, involving HKD 61.9505 million.

TONGCHENGTRAVEL's revenue last year increased by 11.9% year-on-year to RMB 19.396 billion, and net profit rose by 20.1% year-on-year to RMB 2.371 billion. A final dividend of HKD 0.25 was declared, compared to HKD 0.18 in the same period last year.

Goldman Sachs released a report stating that although the market is concerned about antitrust investigations and AI threats, TONGCHENGTRAVEL's stock price has fallen 17% over the past three months, but the latest performance and management comments indicate limited impact. The target price has been raised from HKD 28.8 to HKD 29, maintaining a "Buy" rating

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