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Trip.com (TCOM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
DeepSeek has emerged, and Chinese Technology stocks have surged! Citibank: the market is not yet overheated.
Citigroup Analyst believes that since the beginning of the year, the QITABANKUAI in China has indeed seen an increase in congestion, primarily due to the rise of technology stocks, which has boosted overall valuations and improved market sentiment. However, if excluding the weight stock Xiaomi Group, it can be found that although the QITABANKUAI in China has a higher congestion compared to other sectors, it is still not the most congested sector, indicating that this sector has not yet overheated.
Hong Kong stocks are moving | Travel Concept stocks are rising as the Spring Festival tourism market welcomes a good start. Institutions are bullish on the tourism demand still being strong.
Travel concept stocks rose, as of the time of writing, TONGCHENGTRAVEL (00780) increased by 6.96%, trading at 18.74 HKD; China Tourism Group Duty Free Corporation (01880) rose by 3.36%, trading at 49.2 HKD; TRIP.COM-S (09961) went up by 3.24%, trading at 541 HKD.
Express News | Shares of US-listed Chinese Companies Are Trading Higher Amid a Tech Rally Related to DeepSeek AI. Also, Baidu Announced It Plans to Release an AI Model This Year
Trip.com Group Limited (NASDAQ:TCOM) Shares Could Be 39% Below Their Intrinsic Value Estimate
Major bank rating | Bank of China International: Reiterates that Trip.com is the preferred stock in the travel Sector.
China Merchants International published a Research Report, citing travel data from the Spring Festival holiday in January to February this year, believing that overall tourism demand in China remains strong. The bank stated that while it reaffirms its optimistic view on the tourism Industry, it believes that recent incidents of electronic fraud related to Chinese citizens in Thailand may lead to a decrease in outbound travel demand to Southeast Asia.
