UBS raises target price on Tongcheng Travel (00780.HK) to 25.5 Hong Kong dollars, maintains "buy" rating.

According to the Wisdom Financial APP, UBS released a research report stating that benefited from Tongcheng Travel's efforts in cost control and operational efficiency improvement, it is expected that the adjusted net profit for the second quarter will be maintained at 743 million yuan, and the full-year estimate will reach 3.4 billion yuan. UBS has raised Tongcheng Travel's target price from 24.5 Hong Kong dollars to 25.5 Hong Kong dollars, maintaining a "buy" rating.