TRIP.COM-S (09961) rose 3% in early trading and now reports HK$532, with a turnover of HK$0.353 billion.
According to a research report published by Guotai Junan, Ctrip's revenue for the third quarter was in line with expectations. Hotel, transportation, and business revenue growth were all at the upper limit of the guideline, but the increase in revenue from the group travel business fell short of expectations. Considering the high base for the same period last year, the performance of transportation tickets and hotel reservations during the period shows that demand for travel and services is still strong. The bank said that Ctrip's third-quarter results exceeded expectations, revenue growth was stable under a high base, and cost control was ideal.
