Online Travel Agent Tongcheng-Elong Gets Lift from T. Rowe Price

Company reports second-quarter revenue rose 78% year-on-year, as US fund manager separately discloses its purchase of a 5% stake Key Takeaways: Tongcheng-Elong has rebounded from the pandemic more quickly than the larger Trip.com due to its focus on domestic China market Company’s shares look modestly valued compared to domestic and global peers due to its stronger growth potential over next one to two years  By Doug Young Online travel agent Tongcheng-Elong Holdings Ltd. (0780.HK) looks like a company on the move, with a name change on the horizon and a…

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