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UBS releases reportpokersupplies, expressed satisfaction with the performance of the same trip in the first quarterpokersupplies, believes that its performance is in line with expectations, and the domestic tourism industry shows a steady growth trend.
Analysts at UBS pointed out that same-trip travel has shown positive long-term growth potential under the combined effect of multiple factors such as increased network penetration in low-tier cities, growth in international business, and rising long-term profits. Meanwhile, analysts expect profit margins on the company's core online travel platform to remain at 18 per cent this yearpokersupplies. 3% level, compared with last year's 18.0%pokersupplies.5% dropped slightly. Looking to the future, UBS predicts that with the improvement of operating efficiency and the expansion of the high-profit outbound travel business, the company's prospects will gradually improve. Based on these positive factors, UBS raised Tongcheng Travel's earnings per share forecast for this year and next by 1.8% and 1.6% respectively. UBS maintained its "buy" rating on Tongcheng Travel and raised its price target from HK$24 to HK$25, reflecting strong confidence in the company. The release of the report is good news for secondary market investors and may have a positive impact on the performance of Tongcheng Travel's stocks.
