According to Zhitong Finance APP, Citi has issued a research report stating that it maintains a "buy" rating for tongchengtravel (00780) and has raised its profit forecasts for tongchengtravel for 2024, 2025, and 2026 by 2%, 3%, and 0% respectively, reflecting the third quarter performance. The target price has been raised from 20 Hong Kong dollars to 21 Hong Kong dollars, and noted that tongcheng's core OTA performance remains good, with ongoing improvements in gross margin.

The report states that the company's third quarter performance was solid, with revenue and profits exceeding expectations. As for the fourth quarter, the bank expects the hotel and transportation ticketing business trend to continue, with strong sales growth, stable year-on-year average daily rates (ADR), improved commissions, while the gross margin is expected to decline significantly due to seasonal factors, especially in the travel business, with an anticipated adjusted net profit margin of 15% for the fourth quarter.