$TRIP.COM-S (09961.HK)$ Top rating | Daiwa: Meituan and Ctri...
$TRIP.COM-S (09961.HK)$ Daiwa Ratings: Meituan and Ctrip Benefit from Strong Travel Demand, Both Rated as Buy
Gelonghui· 10/07 11:29 AM
Meituan-W (03690.HK)
108.300
+2.27%
Ctrip Group - S (09961.HK)
260.600
+1.16%
On October 7, Gelonghui stated that, according to the statistics of the Ministry of Culture and Tourism, during the first three days of the Mid-Autumn Festival and National Day Golden Week (September 29 to October 1), the total number of domestic tourists reached 0.395 billion person-times, a 75.8% increase from the same period last year, and domestic tourism revenue was 342.24 billion yuan, up 125.3% from the same period last year. The bank believes that Ctrip is a major beneficiary of strong domestic and outbound travel demand, expecting further relaxation of outbound travel capacity to be a key catalyst for the company's fourth quarter of this year. The bank also bullish on Meituan, as the company's in-store, travel, and hotel revenues are expected to benefit from strong demand for domestic hotels in the second half of this year, with a "buy" investment rating for both stocks.
Gelonghui· 10/07 11:29 AM
Meituan-W (03690.HK)
108.300
+2.27%
Ctrip Group - S (09961.HK)
260.600
+1.16%
On October 7, Gelonghui stated that, according to the statistics of the Ministry of Culture and Tourism, during the first three days of the Mid-Autumn Festival and National Day Golden Week (September 29 to October 1), the total number of domestic tourists reached 0.395 billion person-times, a 75.8% increase from the same period last year, and domestic tourism revenue was 342.24 billion yuan, up 125.3% from the same period last year. The bank believes that Ctrip is a major beneficiary of strong domestic and outbound travel demand, expecting further relaxation of outbound travel capacity to be a key catalyst for the company's fourth quarter of this year. The bank also bullish on Meituan, as the company's in-store, travel, and hotel revenues are expected to benefit from strong demand for domestic hotels in the second half of this year, with a "buy" investment rating for both stocks.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
