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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Hotel Operator Greentree Getting Ready to Check Out of New York?

Company releases latest results two months later than usual, blaming delay on its recent exploration of ‘alternative listings’ Key points: Greentree’s exploration of ‘alternative listings’ reflects Beijing’s recent signals of displeasure at Chinese companies listing in New York Company is sharply undervalued compared with peers, despite business surpassing pre-Covid levels in June By Doug Young The latest quarterly results from hotel operator Greentree Hospitality Group Ltd. (GHG.US) show that China’s hotel industry is well on the road to recovery as the nation’s Covid-19 situation remains under control. But the more…

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Fosun Tourism Sees Rebound Just Around the Corner – Again

Owner of Club Med resort chain says business from core tourism operations slumped 42% in first half of 2020, an improvement from 74.5% drop in first quarter Key points: Fosun Tourism’s business continued to drop in the second quarter despite very weak comparisons from the year-ago period Company continues to see rebound coming, with bookings at 86% pre-pandemic levels in the second half of the year By Doug Young Tourism may be staging a nascent comeback as China and the west bring their pandemics under control. But you might have…

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