Major rating ｜ Daiwa Capital Markets: Prefer stocks that benefit from domestic demand or policy support, including Meituan, Mengniu, Tencent, and Trip.com in the 'buy' list.

Dahua Jixian's report pointed out that looking ahead, the bank expects that with Trump returning to the White House, the tension between China and the US may escalate, and Trump's inclination to increase tariffs may bring unfavorable factors. Therefore, the bank prefers stocks related to domestic demand or benefiting from policies, and has included Meituan, Mengniu, Tencent, and Ctrip in the "buy" list. Regarding Meituan, the bank is bullish on the continuous expansion of its food delivery business market share, the increase in penetration rate of its fresh e-commerce business, and the synergistic effects with core business and new measures; with a target price of 222 Hong Kong dollars. As for Mengniu, the bank believes that the balance between supply and demand of raw milk will be achieved by the mid-2025, and the status of channel inventory

Gelonghui FinanceDec 4 00:09 ET

Ctrip Group-S rose 3% in early trading, with institutions indicating stable revenue growth despite a high base.

Ctrip Group-S (09961) rose 3% in early trading, now at 532 Hong Kong dollars, with a turnover of 0.353 billion Hong Kong dollars. gtja's research report stated that Ctrip's third-quarter revenue met expectations, with growth in hotel, transportation, and business revenue all at the upper limit of guidance, but group tour business revenue growth was lower than expected. Considering the high base from the same period last year, the performance of transportation ticketing and hotel bookings during the period indicates that tourism and service demand remain strong. The bank stated that Ctrip's third-quarter performance exceeded expectations, with stable revenue growth under a high base, and ideal cost control.

Sina Hong Kong stocksDec 3 22:26 ET

Hong Kong stocks unusual movement | Ctrip Group-S (09961) rose by over 3% again, the company's third-quarter performance exceeded expectations. Institutions pointed out that under the high base, income growth remains stable.

Ctrip Group-S (09961) rose more than 3% again, accumulating over 11% post-performance. As of the deadline, it rose by 3.1%, reaching 532.5 Hong Kong dollars, with a turnover of 0.272 billion Hong Kong dollars.

Zhitong FinanceDec 3 21:53 ET

[Brokerage Focus] Bocom Intl: Bullish on OTA/local life competition easing and sustained robust performance by 2025.

Jinwu Financial News | Bocom Intl released its 2025 outlook for the internet plus-related industry, as new policies are progressively implemented, the effects on online and offline consumer spending may become evident the fastest. There is bullish sentiment towards consumer categories on internet trading platforms that are relatively inelastic and can be quickly stimulated, as well as the software industry benefiting from AI empowerment and innovation recovery. It is suggested to focus on stable growth in core business, improvement in profitability, and valuation recovery opportunities driven by high shareholder returns. The bank is optimistic about the easing competition in OTA/local life and the sustained steady performance, with ecommerce > education > gaming > software having significant valuation recovery opportunities. OTA: Mainland hotel ADR pressure is easing, outbound business.

Jinwu Financial NewsNov 28 19:47 ET

【Brokerage Focus】Soochow maintains a "buy" rating on Ctrip Group (09961) and is bullish on the company's overseas business growth.

Jingu Financial News | Soochow released research reports stating that Ctrip Group (09961) achieved net income of 15.9 billion yuan in Q3 24, a year-on-year growth of 16%; adjusted EBITDA was 5.7 billion yuan, adjusted EBITDA profit margin was 36%, a year-on-year increase of 2 percentage points; adjusted net income attributable to the parent company was 6 billion yuan, a year-on-year growth of 22%, both revenue and profit exceeded Bloomberg's expectations. The bank stated that domestic hotel ADR is beginning to stabilize, and outbound travel growth continues to lead the csi leading industry index. 1) Q3 domestic hotel ADR has begun to stabilize, with the year-on-year decline narrowing from double digits to low to mid single digits, mainly due to hotel

Jinwu Financial NewsNov 25 01:53 ET

Guozheng International: Maintaining the "buy" rating for Ctrip Group-S (09961), with the target price raised to 571 HKD.

Guotai Junan International expects Ctrip Group's revenue to increase by 16% year-on-year in 2025.

Zhitong FinanceNov 21 20:40 ET