Citi: Maintains "Buy" ratings on Trip.com Group-S (09961.HK) and Tongcheng Travel (00780.HK); National Day long-haul and outbound travel data performed well.

Zhito Finance APP has learned that Citi issued a research report stating that it maintains a "Buy" rating on Trip.com Group-S (09961, TCOM.US) and Tongcheng Travel (00780.HK), with target prices of US$61 and HK$22, respectively. The bank believes that long-haul travel and outbound travel data during the National Day Golden Week performed well, with average daily national passenger volume increasing by 0.6% year on year, among which aviation, railway, road, and waterway passenger volume changed by 0%, increased by 12.7%, decreased by 0.3%, and increased by 7.1% year on year, respectively. Road passenger transport may have been weak due to the impact of oil prices, thereby driving growth in railway passenger volume.