Tongcheng Travel could replace GDS Holdings in the HSTECH. Constituent changes and capping changes will result in a one-way turnover of 2.32% and that will result in a round-trip trade of US$628m.
Boomeranged on Tue, 16 Jan 2024 13:10
In just over a month, Tongcheng Travel (780 HK) has outperformed GDS (9698 HK) by 39% (+21% vs -18%). Trim positions here and wait for a better entry point into the stocks, especially since the announcement of the changes is still a month away.
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