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Buy Tbo Tek Ltd For Target Rs.2,020 By JM Financial Services Robust organic expansion in International H&P TBO’s consol. GTV grew 24.0% YoY (flat QoQ) to INR 79.4bn in 2QFY25, broadly in-line JMFe. While Hotels & Packaging (H&P) segment grew a robust 55.6% YoY led by strong organic expansion in International source markets (33% growth) and consolidation of JumboOnline (acquired in Dec’23), the Air ticketing segment declined 4.2% YoY due to weakness in domestic air. On the margins front, TBO reported solid gross margin expansi...
Buy Tbo Tek Ltd For Target Rs.2,020 By JM Financial Services
Buy Tbo Tek Ltd For Target Rs.2,020 By JM Financial Services
Source: JMFinancial Services
2024-12-02 02:25:21 pm
Buy TBO Tek Ltd For Target Rs. 1,950 By JM Financial Services H&P segment to deliver robust growth amidst weak macros We expect TBO’s consol. gross transaction value (GTV) to grow c.25% YoY in 2QFY25, amidst concerns about macro headwinds in the travel industry (refer exhibit 1). This growth will be driven by Hotels & Packaging (H&P) segment GTV, which we expect to expand ~55% YoY, aided by a mix of organic as well as inorganic factors such as expansion in newer source markets, deeper penetration in existing source markets and conso...
Buy TBO Tek Ltd For Target Rs. 1,950 By JM Financial Services
Buy TBO Tek Ltd For Target Rs. 1,950 By JM Financial Services
Source: Yes Securities Ltd
2024-10-15 02:44:22 pm
IPO Note : TBO TEK Limited by Motilal Oswal Financial Services Ltd Leading Travel Platform: TBO TEK (TTL) is one of the leading travel distribution platform with presence over 100 countries, providing Buyers with a comprehensive travel inventory and forex assistances. It connects (i) suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail, etc, (ii) retail buyers such as travel agencies, independent travel advisors; and (iii) enterprise buyers like tour operators, travel management firms, online travel firms, super-apps, etc; wit...
IPO Note : TBO TEK Limited by Motilal Oswal Financial Services Ltd
IPO Note : TBO TEK Limited by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-05-09 09:13:11 am