Ctrip Group (09961) fell by 3.06%. Institutions mentioned that during the holiday period, domestic hotel and airline ticket volumes continued to increase, leading to a decrease in prices.
King Wutong Financial News | Ctrip Group (09961) fluctuates weakly, as of the time of publication, it fell by 3.06% to HK$485, with a turnover of 0.211 billion Hong Kong dollars. On the news front, Guotai Junan International released research reports stating that the domestic tourism revenue during the 2024 National Day holiday (7 days) reached 700.8 billion yuan, in line with previous expectations, with a comparable caliber (daily average data) year-on-year increase of 6.3%. In terms of per capita tourism consumption, during the 2024 National Day holiday, it was 916 yuan/person, which was flat compared to the previous year's National Day holiday (8 days), reflecting that tourism consumption is still affected by weak macro consumption. During the holiday, domestic hotel & airfare prices continued to rise in quantity and fall in price.
[Special Guest V] Deng Shengxing: Hong Kong stocks may further benefit from the central government's measures to stabilize the market.
Kingkey Financial News | Hang Seng Index was closed all day on Friday (11th) for the Chung Yeung Festival holiday. Hang Seng Index closed at 21251 on Thursday (10th), up 614 points or 2.98%. Country Index rose by 3.5% to 7620; Tech Index rose by 2.1% to 4736. It is reported that China and Europe will continue to negotiate on the case of subsidies for electric vehicles, electric car stocks are doing well. BYD Company Limited (01211) rose by 4.4%; NIO Inc (09866) surged by 4.6%; It is expected that the central bank will stimulate consumer spending, leading to speculation in related stocks. Jiumaojiu (09922) surged by 8.9%; Haidilao (06862) rose by 5.9%; Dow Jones Industrial Average on Friday
Anxin International: The National Day holiday tourism market performance is stable, maintaining the OTA platform's full-year performance forecast.
Maintain performance forecast for Ctrip Group-S (09961) and tongchengtravel (00780) for the full year of 2024, bullish on the agility of OTA in the changing trend of travel consumer operation and performance certainty.
Express News | Trip.com Group Ltd : Citigroup Raises Target Price to $72 From $66
Hong Kong stocks are volatile | Network technology stocks rose in early trading, and the implementation of policies is expected to promote consumer consumption. There is still room for upward adjustment in the valuation of internet companies.
Network technology stocks rose across the board in early trading. As of the time of publication, ke holdings-W (02423) rose by 8.14% to HK$59.15; Trip.com Group-S (09961) rose by 7.4% to HK$500.5; Meituan-W (03690) rose by 5.69% to HK$194.9; alibaba-W (09988) rose by 3.79% to HK$106.8.
Hong Kong stocks abnormal movement | Ctrip Group-S (09961) rises by more than 5%, the release of travel demand will be bullish for OTAs, Futu Securities is bullish on the company's long-term development
Ctrip Group-S (09961) rose more than 5%, as of the deadline, up 5.71%, trading at 492.6 Hong Kong dollars, with a turnover of 0.495 billion Hong Kong dollars.
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InfiltradeR : No prediction is needed from UOB. If we take a look at past historical trend when China launched a series of stimulus to aid the economy, we'll have the answers.