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    780   KYG8918W1069

TONGCHENG TRAVEL HOLDINGS LIMITED

(780)
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Delayed Hong Kong Stock Exchange  -  05/25 04:08:04 am EDT
12.48 HKD   -3.11%
05/24UBS Adjusts Tongcheng Travel's Price Target to HK$17 From HK$18.50, Keeps at Buy
MT
05/19Tongcheng Travel Holdings Limited Provides Revenue Guidance for the Second Quarter of 2022
CI
05/19TRANSCRIPT : Tongcheng Travel Holdings Limited, Q1 2022 Earnings Call, May 19, 2022
CI
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Tongcheng-Elong Holdings Limited Announces Revision of Annual Caps Under the Marketing Services Framework Agreement in Respect of 2020 and 2021

10/11/2020 | 06:05am EDT

Tongcheng-Elong Holdings Limited has closely monitored the progress of its continuing connected transactions with Tencent Computer contemplated under the Marketing Services Framework Agreement. With a view to deepening the collaboration between the Group and the Tencent Group, the Board considers that the existing annual caps in respect of 2020 and 2021 for the provision of the User Virtual Products and/or Interests by Tencent Computer (and/or any of its subsidiaries or associates) to the Company (and/or any of its subsidiaries) will not be able to satisfy the business needs of the Group for the two years ending December 31, 2020 and 2021. On October 11, 2020, the Company entered into the Supplemental Marketing Services Framework Agreement with Tencent Computer to revise the existing annual caps in respect of 2020 and 2021 for the provision of the User Virtual Products and/or Interests by Tencent Computer (and/or any of its subsidiaries or associates) to the Company (and/or any of its subsidiaries). On October 11, 2020, the Company entered into the Supplemental Marketing Services Framework Agreement with Tencent Computer to revise the existing annual caps in respect of 2020 and 2021 for the provision of the User Virtual Products and/or Interests by Tencent Computer (and/or any of its subsidiaries or associates) to the Company (and/or any of its subsidiaries). The existing annual caps for the continuing connected transactions contemplated under the Marketing Services Framework Agreement in relation to the provision of the User Virtual Products and/or Interests by Tencent Computer (and/or any of its subsidiaries or associates) to the Company (and/or any of its subsidiaries) are RMB 35,000,000, RMB 47,000,000 and RMB 44,400,000 for the year ended December 31, 2019 and the two years ending December 31, 2020 and 2021, respectively. The actual transaction amounts for such continuing connected transactions are currently anticipated to exceed the existing annual cap by the end of 2020. Save for the revision of the above-mentioned annual caps, all the terms and conditions of the Marketing Services Framework Agreement shall remain unchanged and shall continue to be in full force and effect.


© S&P Capital IQ 2020
All news about TONGCHENG TRAVEL HOLDINGS LIMITED
05/24UBS Adjusts Tongcheng Travel's Price Target to HK$17 From HK$18.50, Keeps at Buy
MT
05/19Tongcheng Travel Holdings Limited Provides Revenue Guidance for the Second Quarter of 2..
CI
05/19TRANSCRIPT : Tongcheng Travel Holdings Limited, Q1 2022 Earnings Call, May 19, 2022
CI
05/19Tongcheng Travel Holdings Announces Board Changes, Effective June 06, 2022
CI
05/19Tongcheng Travel Holdings Limited Reports Earnings Results for the First Quarter Ended ..
CI
04/20UBS Adjusts Tongcheng Travel's Price Target to HK$18.5 From HK$19, Keeps at Buy
MT
03/25UBS Adjusts Tongcheng Travel's Price Target to HK$19 From HK$21, Keeps at Buy
MT
03/22Tongcheng Travel Holdings Limited Provides Earnings Guidance for the First Quarter of 2..
CI
03/22TRANSCRIPT : Tongcheng Travel Holdings Limited, Q4 2021 Earnings Call, Mar 22, 2022
CI
03/22Tongcheng Travel Holdings Limited Reports Earnings Results for the Full Year Ended Dece..
CI
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Analyst Recommendations on TONGCHENG TRAVEL HOLDINGS LIMITED
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Financials
Sales 2022 7 064 M 1 062 M 1 062 M
Net income 2022 486 M 73,0 M 73,0 M
Net cash 2022 4 032 M 606 M 606 M
P/E ratio 2022 50,7x
Yield 2022 -
Capitalization 23 466 M 3 527 M 3 527 M
EV / Sales 2022 2,75x
EV / Sales 2023 1,74x
Nbr of Employees 5 339
Free-Float 47,2%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 10,58 CNY
Average target price 14,88 CNY
Spread / Average Target 40,7%
EPS Revisions
Managers and Directors
He Ping Ma Chief Executive Officer & Executive Director
Lei Fan Chief Financial Officer
Zhi Xiang Wu Co-Chairman
Jian Zhang Liang Co-Chairman
Hai Bing Wu Independent Non-Executive Director
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