作者：港湾家族办公室业务发展总监 郭家耀Jinwu Financial News | US stocks developed three times a week. The market waited for geopolitical news, and the performance of technology stocks. The overall performance of the major markets was reversed, and the three major indices closed with mixed ups and downs. The trend of the US dollar is improving. Interest rates on US ten-year bonds have risen to 4.41 percent. Gold prices have continued to rise, while oil price performance is under pressure. Hong Kong stock depository securities are generally weak, and it is expected that the market will open lower in the early stages. The mainland stock market rose yesterday. The Shanghai Composite Index opened low and moved higher. The closing market rose 0.7%, and the turnover of the Shanghai and Shenzhen markets remained active. Hong Kong stocks continued to rise and fall in a narrow range. The market opened low and moved higher. The closing market recorded a moderate increase, and overall transactions continued to be light. Investors are watching the peripheral situation change, and high debt interest rates also affect market confidence. The index is expected to rise and fall at the level of 19,000 to 20,000 points.
Industry news
Ctrip Group (09961) recently announced a profit of 6.76 billion yuan for the third quarter, an increase of 46.6% year-on-year. The adjusted EBITDA for the period was 5.68 billion yuan, up 22.9% year-on-year; the adjusted EBITDA profit margin was 36%, an increase of 2 percentage points. The quarterly net revenue was RMB 15.87 billion, up 15.5% year-on-year, mainly due to increasingly strong travel demand. The company said that various international business segments showed a rapid growth trend in the third quarter. Outbound hotel and air ticket reservations have fully recovered to 120% of the same period before the 2019 pandemic, and hotel and air ticket reservations on the company's international OTA platform have increased by more than 60% year on year. Ctrip said that domestic and international travel showed strong growth in the third quarter. As consumer confidence boosted and travel enthusiasm soared, the company was optimistic about the continued growth of the tourism industry. At the same time, we strongly believe that the technological revolution led by artificial intelligence will be the core driving force in shaping the future of the global tourism industry. Demand for travel in the mainland continues to rise, and Ctrip's management has strong execution capabilities. It can seize market opportunities, drive the company's performance to continue to improve, and the future market outlook is optimistic.
(The author is a licensee of the Securities Regulatory Commission. I and related parties do not hold the above shares)
Author: Guo Jiayao, Director of Business Development, Harbour Family Office
