TCEL 1Q20: EBITDA Positive Despite Disruptions; Domestic Travel Likely Past the Worst
We maintain our overweight rating on Tongcheng-Elong given its strategic positioning in China lower-tier cities and dynamic cost structure. Despite...
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TRACKING TRAFFIC/Chinese Tourism: March Data Review & Initial Numbers from Labor Day Weekend
We recently launched Tracking Traffic's Travel Tracker Dashboard to monitor weekly airport and hotel traffic in China and around the region. In...
335 Views
Our Tech Portfolio Update: Maintain Overweight on Digital; Structural Trends Are Accelerating
During the month of April, we saw a broad-level recovery in asset prices on optimism of countries around the world beginning to ease lockdowns and...
360 Views
58.com’s Privatisation Bid Leads to Much Head-Scratching
On 2 April, 58.Com Inc Adr (WUBA US) announced a non-binding privatisation proposal from Ocean Link Partners. The bid of $55.00 per ADS values...
397 Views
Early Signs of Chinese Travel Recovery; Domestic OTAs like TCEL Can Rebound Faster than TCOM
Chinese domestic travel is showing early signs of recovery as business travelers begin to go back to work, and people's fears about the virus...
371 Views