TCOM241220P45000
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Trip.com Newsroom
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.
Barclays Maintains Trip.com(TCOM.US) With Buy Rating, Maintains Target Price $84
BofA Securities Maintains Trip.com(TCOM.US) With Buy Rating, Raises Target Price to $77
[Brokerage Focus] Guosen Securities maintains a "outperform the market" rating on Ctrip Group (09961), pointing out that outbound travel and hotel bookings are still important growth drivers.
Jingwu Caixun | Guosen Securities issued a research report stating that Ctrip Group (09961) achieved a third-quarter revenue of 15.87 billion yuan, +15.5% year-on-year, exceeding market expectations (+13.9% year-on-year); Non-GAAP attributable net income was 5.96 billion yuan, +21.8% year-on-year, with adjusted EBITDA of 5.68 billion yuan, +22.9% year-on-year, better than market expectations (-2.5%, +14.4% respectively). The growth rate of revenue in the peak tourism season continued to improve on a high base figure, highlighting the advantages of the leading platform; Q3 adjusted EBITDA margin increased by 2.1 percentage points year-on-year, surpassing market expectations, mainly due to
Open Source Securities: The expansion of domestic demand policy optimization boosts confidence, and the OTA platform is still expected to accelerate on a quarter-on-quarter basis in Q4.
With the new expansion cycle of the underlying supply, destination service system, transportation infrastructure, online booking/traffic channels and other upstream and downstream links are building a new supply system to meet the diverse tourism consumption demands of the general public.
Hong Kong stock concept tracking | China's tourism industry has significantly recovered. OTA platforms continue to see high performance growth (concept stock attached)
On November 12, the State Council issued a decision to amend the "National Holidays and Memorial Days Holiday Regulations", including extending the Spring Festival and May Day holidays by one day each, adjusting and modifying the general work duration to not exceed 6 days before and after statutory holidays.
【Special guest commentator】Guo Jiayao: Investors are waiting to see changes in the external situation, and high bond yields also affect market confidence.
Jinwu Financial News | In the three trading days of the usa stock market, developments varied, as the market awaited geopolitical news and performance of technology stocks. Overall market performance was fluctuating, with the three major indices closing mixed. The dollar showed strong trends, with the usa ten-year bond yield rising to 4.41%, gold prices continued to rise, while oil prices remained under pressure. Hong Kong stock pre-trading securities generally softened, expected the market to open lower in the early session. The mainland stock market rose yesterday, with the Shanghai Composite index opening low and rising, closing up 0.7%, and trading volume in the Shanghai and Shenzhen markets remained active. Hong Kong stocks continued to experience slight ups and downs, with the market opening low and rising, closing with moderate gains, and overall trading remained light. Investors are waiting to see external situations.
Express News | Trip.com Shares Are Trading Higher After Macquarie Maintained an Outperform Rating on the Stock and Raised Its Price Target From $75.4 to $80.8. Also, Barclays Maintained an Overweight Rating on the Stock and Raised Its Price Target From $76 to $84
China ADRs Have Increased to the Largest Share Since Late 2021 – GS
Barclays Maintains Overweight on Trip.com Group, Raises Price Target to $84
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Express News | Trip.com Group Ltd : Barclays Raises Target Price to $84 From $76
Nomura Adjusts Trip.com Group Price Target to $61 From $48, Maintains Neutral Rating
Trip.com Group Is Maintained at Outperform by Macquarie
【Brokerage Focus】HSBC Research raises the target price for Trip.com Group (09961) by 15% and upgrades the rating to "buy" citing improved visibility in earnings.
King's Financial News | HSBC Global Research issued a research report stating that Ctrip Group (09961) exceeded expectations in the third quarter of this year, with an operating profit margin reaching a new high post-COVID at 34.4%. HSBC believes that entering the fourth quarter, as prices stabilize, the group's growth will accelerate further. To reflect Ctrip Group's better-than-expected performance in the third quarter and the increase in public holidays, the bank has raised Ctrip Group's revenue by 1-2% and net income by 3-7% for the years 2024-2026. This means that the adjusted net income for the fourth quarter of this year is 2.7 billion RMB, with a profit margin of 22%. At the same time, it predicts the average annual adjusted operating profit for the next two years.
[Brokerage Focus] Bocom Intl raises the target price of Trip.com Group (09961) by 19%, citing better-than-expected performance in the hotel business.
Jinwu Financial News | Bocom Intl released a research report indicating that Trip.com Group (09961) experienced a 16% year-on-year increase in revenue for the third quarter, with lodging +22%, transportation +5%, vacation +17%, and business travel +11%. Adjusted net income rose 22% year-on-year to 6 billion yuan, exceeding both the bank's and market expectations by 24% and 25%, respectively, thanks to the continuous optimization of cross-selling and effective cost control. Looking ahead to the fourth quarter, the bank expects a 19% year-on-year revenue increase, with lodging +29%, transportation +13%, vacation +9%, and business travel +1%. The pressure on the ADR of mainland hotels continues to weaken, and the growth rate of ticket revenue turning positive is driving a 13-1% increase in mainland revenue.
HSBC Upgrades Trip.com Group to Buy, Announces $75 Price Target
Trip.com Group Is Maintained at Buy by TD Cowen
Hong Kong stock announcement: Trip.com Group releases third quarter results with net income of 6.765 billion yuan, a year-on-year increase of 46.59%. The international OTA platform's hotel and flight bookings grew by over 60% year-on-year.
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