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《大行》花旗:內地端午旅遊表現較弱 籲買入攜程及同程
花旗研究報告指,內地3日端午節假期內地旅遊量和行業收入分別按年升5.7%及5.9%,國內客運量升2.5%,當中鐵路和航空分別升4.3%和1.7%。而跨境交通量則增長2.7%,免簽入境量增長59.4%。該行認爲出境及境內遊的數據表現均有點弱,但並不意外,因長江三角洲降雨,以及今年端午節較接近五一黃金週。而入境勢頭持續,將有利於攜程集團(09961.HK)(TCOM.US)。該行認爲即將到來的暑假表現對評估旅遊需求更加重要,並相信投資者將密切關注酒店數據,其中平均房價(ADR)在去年6月中至8月中的基數相對較低。 股份方面,攜程在家庭旅遊需求方面表現強勁,訂單量佔總訂單25%,因兒童節和端午節重疊,入境旅遊訂單的增長接近90%。同樣,同程旅行(00780.HK)亦觀察到與家庭旅遊相關的訂單量增長顯着。該行予攜程美股目標價78美元,同程港股目標價26港元,均維持「買入」評級。
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