Tongcheng Travel Outlook Weighed by Oil-Price Surge — Market Talk

About this update from Tongcheng Travel Holdings Limited

Tongcheng Travel faces headwinds from rising oil prices, which have dragged domestic travel demand more than expected, Citi analyst Brian Gong says in a note. While short-haul travel remains relatively resilient, higher airline ticket prices could weigh on long-haul demand, the analyst says. Citi lowers its 2026 revenue estimate for Tongcheng Travel by 3.3% and cuts its target price on the stock to 25 Hong Kong dollars from HK$28. The bank keeps its buy call on the stock, citing undemanding valuations. Shares are down 5.2% at HK$14.87. ([email protected])

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