Earnings And MarginsAnalysts maintain a BUY recommendation with higher target prices of HKD784/USD100, due to earnings visibility and margin upside from domestic business supported by AI-led cost savings.
Revenue GrowthThe company's international business revenue is expected to achieve significant growth, supported by an expanded visa-free policy.
ValuationThe stock is trading at an attractive 17x FY25 price-to-earnings ratio, which is lower than Booking's 25x, yet it has a higher growth profile.