0633 GMT - Tongcheng Travel's revenue and adjusted profits in 4Q of 2024 are likely to come in line with Jefferies' expectations on resilient travel demand, its analysts say in a commentary. Revenue is likely to rise 29% year-over-year to CNY4.1 billion, helped by higher accommodation and transportation growth. Adjusted net profit is expected to reach about CNY615 million, they say, adding that the tourism segment is likely to breakeven. The analysts maintain a buy rating, with a target price of HK$23.70. Shares are 5.2% higher at HK$18.70. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 01:33 ET (06:33 GMT)
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