Rating: Strong Speculative Buy
Basis for Rating
We are initiating coverage on Universal Travel Group (Universal Travel) with a Strong Speculative Buy rating and a 12-month target price of $3.36 per share.
Universal Travel is a travel services provider in the People’s Republic of China and is principally engaged in the provisions of air-ticket and hotel reservations, domestic and international travel and tourism services throughout China via the Internet and through customer representatives. Under the theme: “Wings Towards a More Colorful Life”, the Company’s services include tour-packaging, booking, services for air tickets and hotels as well as air cargo agency. The Company’s vision is to become the foremost leading online travel services provider in all fields of the tourism industry, including the aviation service, cargo agency, hotel booking and tour packaging segments in the People’s Republic of China.
In our view, Universal Travel is a quality and attractive play to participate in China’s...
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