Tongcheng Travel's New Acquisition Likely to Support Cash Flow -- Market Talk

Dow Jones

Apr 24, 2025

0849 GMT - Tongcheng Travel Holdings' acquisition of Wanda Hotel Development's hotel management arm may help the company generate incremental cash flow and raise its profile, says Morningstar analyst Kai Wang in a research note. The analyst expects the acquisition to add to Tongcheng's cash flow for no more than 5%. "While the hotel management business is unlikely to change Tongcheng's valuation materially, the incremental cash flow is still accretive to the company," Wang says. He says it raises the profile of its online brand into higher-end hotels, as Tongcheng looks to appeal to a wider customer base. The analyst maintain a fair value estimate for Tongcheng at HK$27 per share. Shares last traded 2.2% higher at HK$20.80. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 04:49 ET (08:49 GMT)

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The analyst expects the acquisition to add to Tongcheng's cash flow for no more than 5%. \"While the hotel management business is unlikely to change Tongcheng's valuation materially, the incremental cash flow is still accretive to the company,\" Wang says. He says it raises the profile of its online brand into higher-end hotels, as Tongcheng looks to appeal to a wider customer base. The analyst maintain a fair value estimate for Tongcheng at HK$27 per share. Shares last traded 2.2% higher at HK$20.80. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 04:49 ET (08:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tongcheng Travel's New Acquisition Likely to Support Cash Flow -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTongcheng Travel's New Acquisition Likely to Support Cash Flow -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-24 16:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0849 GMT - Tongcheng Travel Holdings' acquisition of Wanda Hotel Development's hotel management arm may help the company generate incremental cash flow and raise its profile, says Morningstar analyst Kai Wang in a research note. The analyst expects the acquisition to add to Tongcheng's cash flow for no more than 5%. \"While the hotel management business is unlikely to change Tongcheng's valuation materially, the incremental cash flow is still accretive to the company,\" Wang says. He says it raises the profile of its online brand into higher-end hotels, as Tongcheng looks to appeal to a wider customer base. The analyst maintain a fair value estimate for Tongcheng at HK$27 per share. Shares last traded 2.2% higher at HK$20.80. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 04:49 ET (08:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0640798160.USD","symbol_name":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529733896","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529733896","pubTimestamp":1745484540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0849 GMT - Tongcheng Travel Holdings' acquisition of Wanda Hotel Development's hotel management arm may help the company generate incremental cash flow and raise its profile, says Morningstar analyst Kai Wang in a research note. The analyst expects the acquisition to add to Tongcheng's cash flow for no more than 5%. \"While the hotel management business is unlikely to change Tongcheng's valuation materially, the incremental cash flow is still accretive to the company,\" Wang says. He says it raises the profile of its online brand into higher-end hotels, as Tongcheng looks to appeal to a wider customer base. The analyst maintain a fair value estimate for Tongcheng at HK$27 per share. Shares last traded 2.2% higher at HK$20.80. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","BK1164":"酒店、度假村与豪华游轮","SG9999001051.SGD":"United Asia Fund SGD","BK1615":"港股-互联网","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","BK1604":"节假日概念","LU0278937759.USD":"abrdn SICAV I - EMERGING MARKETS SMALLER COMPANIES\"A\" (USD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","BK1516":"腾讯概念","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","00780":"同程旅行","LU2460026573.USD":"abrdn SICAV I -  CHINA NEXT GENERATION \"A\" (USD) ACC"},"translate_title":"同程旅行新收购或将支撑现金流--市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00780":0.9},"content_text":"0849 GMT - Tongcheng Travel Holdings' acquisition of Wanda Hotel Development's hotel management arm may help the company generate incremental cash flow and raise its profile, says Morningstar analyst Kai Wang in a research note. The analyst expects the acquisition to add to Tongcheng's cash flow for no more than 5%. \"While the hotel management business is unlikely to change Tongcheng's valuation materially, the incremental cash flow is still accretive to the company,\" Wang says. He says it raises the profile of its online brand into higher-end hotels, as Tongcheng looks to appeal to a wider customer base. The analyst maintain a fair value estimate for Tongcheng at HK$27 per share. Shares last traded 2.2% higher at HK$20.80. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2025 04:49 ET (08:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}