Added to YB: 2026-09-28
Pitch date: 2026-09-23
0780.HK [bullish]
Tongcheng Travel Holdings Limited
-2.86%
current return
Author Info
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Company Info
Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People’s Republic of China.
Market Cap
HKD 20.8B
Pitch Price
HKD 10.50
Price Target
N/A
Dividend
2.37%
EV/EBITDA
2.52
P/E
8.66
EV/Sales
0.62
Sector
Hotels, Restaurants and Leisure
Category
value
TONGCHENG TRAVEL: An efficient way to expose yourself to Chinese tourism?
0780.HK: Tongcheng offers profitable, growing exposure to Chinese tourism through a 253.9M-paying-user OTA and an asset-light hotel platform with 3,500+ operating properties and 2,000+ in the pipeline. At HKD10.53, it trades at roughly 7.4x annualized H1 IFRS profit or 5.9x adjusted profit, with substantial net liquidity; the key unknown is hotel management’s margins, cash generation and incremental capital needs.
Read full article (10 min)