TRP2409 TRP SEP4
- 333.76
- -7.55-2.21%
TRP SEP4 News
China Continues To See Rising Number Of Foreign Visitors, Thanks To Favourable Policies
Ctrip Group-S (09961.HK) will hold a board of directors meeting on August 26 to approve mid-term performance.
Ctrip Group-S (09961.HK) announced on August 14th that the company will hold a board of directors meeting on August 26, 2024 to approve the mid-term performance of the company and its subsidiaries for the six months ending June 30, 2024 and its release.
TRIP.COM-S: DATE OF AUDIT COMMITTEE MEETING ANDANNOUNCEMENT DATE OFSECOND QUARTER AND FIRST HALF OF 2024 RESULTS
International tourist arrivals in Macau increased by 122.0% year-on-year from January to July.
On August 13th, according to temporary data provided by the Macau Special Administrative Region Government Tourism Bureau, there were approximately 1.3416 million international tourist arrivals from January to July, an increase of 122.0% year-on-year, and a recovery to 68.1% of the same period in 2019.
Hong Kong stocks anomalous | Summer tourism market demand still has resilience, Ctrip Group-S (09961) rose nearly 5%, Tongcheng Travel (00780) rose nearly 4%.
Travel concept stocks continue to rise, as of press time, Ctrip Group-S (09961) rose 4.13%, reported HKD 333; Tongcheng Travel (00780) rose 3.77%, reported HKD 13.78.
Hong Kong stock concept tracking| National Bureau of Statistics: Strong demand for summer travel, OTA platforms are the absolute beneficiaries of the tourism market growth (with concept stocks)
According to the National Bureau of Statistics, the demand for summer travel is strong, with airplane tickets, travel and lodging prices rising by 22.1%, 9.4% and 5.8% respectively. These increases are higher than the average level of the same period over the past ten years.
[Brokerage Focus] Zhongtai International: After global risk aversion subsides, Hong Kong stocks are expected to open up upward space.
KingWatch Financial News | China-Thai International released its August outlook for the Hong Kong stock market, as the untying trend of the yen-carry trade exacerbates the fluctuation of global risk assets, Hong Kong stocks may be affected by increased overseas market volatility and fluctuate at low levels. As of July 30, speculative short positions in the yen have been greatly reduced, and the current one-month US dollar against yen 25Delta risk reversal volatility has fallen to its lowest level since mid-2020, indicating that the yen may have a short-term phase top and will boost the rebound of Hong Kong stocks and other risk assets. The bank pointed out that the upward momentum in the current Hang Seng Index profit forecast has been fluctuating repeatedly, and the performance of Hong Kong stocks has been mixed since the earnings season.
OTA platform stocks show strength, Ctrip Group (09961) rose 4.68%. The State Council issued a document supporting tourism consumption, and the summer tourism market demand still has resilience.
OTA platform stocks are strong, with Ctrip Group (09961) up 4.68% at HKD 330.8, and Tongcheng Travel (00780) up 4.2% at HKD 13.88. Citigroup published a report stating that the State Council's "Opinions on Promoting High-quality Development of Service Consumption" are positive for the mainland's internet and media industries. The opinions expound on the support direction for catering and lodging, tourism, entertainment, and digital consumption. The bank expects service consumption, including entertainment consumption such as music, movies, online games, and esports, tourism, and local services, to remain resilient in a weak macro environment.
[Brokerage Focus] Bocom Intl: Internet plus-related industry trends are in line with the overall market, recommending jd.com (09618) and Tongcheng (00780).
According to Bocom Intl's research, the Chinese Internet index (KWEB) fluctuated slightly with the general market, down 2% month-on-month, compared to Nasdaq/Hang Seng's respective declines of 1%/2%. In terms of industry performance: E-commerce/search and advertising +3% > Culture and entertainment -1% > Lifestyle services/games/social networking -3% > Education -9% > OTA -10%. In terms of individual stock performance, Joyy (+11%)/Zhiwen (+10%)/Yeahka (+10%)/Alibaba (+10%)/Dada (+5%) had the highest gains. Tuhu (-27%)/Youdao (-21%)/Shunfeng Express (-20%
[Brokerage Focus] Zheshang Securities initiates a "buy" rating on Ctrip Group (09961), expecting overseas business growth to be significantly faster than domestic business.
Zheshang Securities released research reports, indicating that the market is concerned about the pressure on hotel and airfare prices in the transportation sector in 2024, and the entry of local life players such as Meituan and Douyin will intensify competition and have an impact on Ctrip's revenue. However, the bank believes that Ctrip has high user stickiness, strong consumer ability, deep inventory depth on the supply side, rich cross products, and high customer service investment, which puts it in a competitive advantage over other OTA platforms. In the overseas market, the outbound tourism is rapidly recovering, and Ctrip's localization service advantages of trip are obvious. In the purely overseas market, trip can attract customers by diverting traffic through transportation business and enhancing the relatively low commission rate of hotels.
Ctrip: During the Olympics, the number of mainland Chinese travelers booking Paris hotel orders increased by 194% year-on-year.
According to the data released by Ctrip, as of now, the total volume of orders made by mainland Chinese tourists traveling to Paris during the Olympics (7.26-8.11) has increased by 114% YoY. The volume of hotel orders in Paris booked by mainland tourists has increased by 194% YoY, and the volume of car rental orders in France has increased by 126% YoY.
CITIC Securities: Domestic tourism is expected to remain stable this summer, while the demand for outbound tourism continues to recover.
Domestic tourism during the summer is expected to remain stable, while demand for outbound tourism continues to recover. The resilience of leisure travel consumption demand continues to be validated.
Express News | Trip.com Group Ltd : Morgan Stanley Cuts Target Price to $59 From $64
The Tourism Authority of Thailand has partnered with Ctrip Group (09961) for summer travel. Direct flights from the East China region to Thailand can enjoy flight discounts.
In July, the Tourism Authority of Thailand reached a cooperation agreement with the all-in-one travel service platform Ctrip Group (09961) to launch a flight discount promotion for Ctrip users.
EEO partner Huang Yuanpu calls out Liang Jianzhang, questions Ctrip's lack of price advantage and accuses them of killing off partners.
On July 20th, EqualOcean founder and partner Huang Yuanpu posted an open letter on his WeChat moments, calling out Ctrip Group Chairman Liang Jianzhang for their big data discriminatory pricing practice. Huang stated that at 11:30 AM on July 18th, he tried to book a flight on Ctrip's App from Beijing to Astana, Kazakhstan on July 22nd. At 7 AM that same day, the ticket price for the Air China flight was displayed as RMB 3868. After clicking to place the order, during the "Fill in Information" process, when clicking the "Next" button, the ticket was suddenly listed as "Sold Out", and then the price refreshed to RMB 4408. However, the same ticket was still available on Air China's official website for RMB 3868.
Guosen Securities: Top scenic spots are expected to benefit from the structured dividends of China's population and urbanization.
Short-term head scenic area passenger flow shows resilience, and related summer resort products are expected to benefit directly from high temperatures in the summer. At the same time, in the next 2-3 years, head scenic areas will successively enter the new project production stage, with the potential to benefit from the structured demographic and urban dividends in the medium term.
Hong Kong stock concept tracking | China's 144-hour transit visa-free policy applies to more ports, benefiting tourism OTA platforms first (with concept stocks)
The expansion of the 144-hour transit visa exemption policy in two provinces this time provides more choices for foreign nationals to travel and engage in business activities in China.
Hong Kong stock concept tracking | In the second quarter, the transportation to and from airports increased by 145% compared to the previous quarter. OTA platforms benefited from the need to improve infrastructure for inbound tourism. (Concept stocks atta
According to Ctrip's data, in the second quarter of 2024, inbound travel orders to China increased by 28% compared to the first quarter, and the demand for overseas travelers' ground transportation services accelerated. Inbound airport transfer orders increased by 145% in the second quarter compared to the first quarter. With the further expansion of China's visa-free policy, more and more inbound tourists are coming to China for travel, and the inbound tourism market continues to heat up. Recently, Alipay released data that the amount spent on Alipay by inbound guests in the first half of 2024 increased by 8 times year-on-year. Since the end of 2023, inbound tourists from 14 countries with visa exemption or mutual visa exemption agreements with China have used Alipay to consume in China in the first half of the year.
HK stocks change: Ctrip Group-S (09961) rose by nearly 4% due to the surge in summer tourism and the continued expansion of visa-free countries.
Ctrip Group-S (09961) rose nearly 4%. As of press time, it has risen 3.69%, to HKD 393, with a turnover of HKD 501 million.
Bocom Intl: Bullish on internet plus-related sector performance/buyback support stock price, focusing on Netease-S in July.
Bocom intl released a research report stating that the sentiment of the mainland internet plus-related sector fell in June, with the Chinese internet index (KWEB) falling 7% month-on-month, compared with a 6% increase in the nasdaq and a 2% decline in the Hang Seng Index.