0310 GMT - Tongcheng Travel's margins are likely to continue improving, as the online travel company continues to boost its operational efficiency, say DBS Group Research analysts in a note. Its gross margins and adjusted net profit margin both expanded in 2025 on an enhanced product mix, they note. Margin expansion is likely to be boosted by the integration of generative artificial intelligence into customer service and the incorporation of its AI itinerary tool into internal workflow, as these could strengthen service quality and productivity. Rising profit from new businesses could also benefit margins, they add. DBS maintains its buy rating and HK$26.50 target price. Shares rise 4.4% to HK$19.58. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 23:10 ET (03:10 GMT)
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