Trip.com Group to Hold Annual General Meeting on June 18, 2024

SINGAPORE and SHANGHAI, May 28, 2024 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation

PR NewswireMay 28 06:00 ET

[Broker Focus] China Merchants Securities maintains Ctrip Group's (09961) “Highly Recommended” rating, indicating that it is significantly ahead of its peers in the supply chain and brand strength

Jinwu Financial News | China Merchants Securities Research indicates that compared with domestic and international leaders, Ctrip Group (09961) has certain advantages: (1) binding to the domestic core outbound customer base and sharing the supply chain to meet the needs of overseas users; (2) the scale effect enhances supply chain bargaining power and low commission rates accelerate overseas market expansion; (3) balanced development of transportation and alcohol tourism, and cross-selling helps product acquisition, drainage and user retention. According to the bank, Ctrip Group, as a leading domestic OTA, is significantly ahead of its peers in the supply chain and brand power, and has deep barriers to competition. As the domestic travel market & outbound travel market continues to recover, the company's domestic business

金吾財訊May 28 04:28 ET

[Broker Focus] Northeast Securities maintains Tongcheng Travel (00780) “buy” rating, indicating that its positive international market layout is expected to drive incremental performance release

Jinwu Financial News | According to Northeast Securities Research, Tongcheng Travel (00780) 2024Q1 achieved revenue of 3.87 billion yuan/ +49.5% /vS2019q1 +116.8%, adjusted net profit margin of 560 million yuan/ +10.9% /vs2019q1 +24.5%, and adjusted net profit margin 14.4%/-5.1 pct; affected by the consolidated list, the overall profit margin of Tongcheng Travel & Yanoda declined. Looking at split operating profit, the 2024Q1 core OTA/vacation business operating profit margins were 22.6%//6.6%, respectively Relative comparison of profit margins in the vacation business

金吾財訊May 28 02:20 ET

[Broker Focus] Huaan Securities maintains Ctrip Group's (09961) “buy” rating, indicating that international business will provide a fulcrum for its performance growth

Jinwu Financial News | According to Huaan Securities Research, Ctrip Group (09961) had impressive revenue growth in the first quarter, and profits exceeded market expectations. 2024Q1, Ctrip Group recorded revenue of 11.9 billion yuan, up 29% year on year, non-GAAP net profit of 4,055 billion yuan, up 34% year on year, and the non-GAAP EBITDA margin reached 33.3%, up 2.7 pct year on year. According to the bank, on the revenue side of the company, accommodation reservation revenue was 4.5 billion yuan, up 29% year on year; transportation ticketing revenue was 5 billion yuan, up 20% year on year; travel

金吾財訊May 27 03:40 ET

[Broker Focus] Minsheng Securities maintains Ctrip Group's (09961) “recommended” rating, indicating that it is expected to fully resume outbound business in Q2

Jinwu Financial News | Minsheng Securities Research Report said that on May 21, 2024, Ctrip Group (09961) released unaudited Q1 results for 2024, 24Q1 net revenue of 11.9 billion yuan, yoy +29% (over Bloomberg's agreed forecast of 11.6 billion yuan); net profit to mother of 4.3 billion yuan, net profit of 36.2%; 3.4 billion yuan (profit margin 36.7%) for the same period last year; profit margin of 34.1%; profit margin for the same period last year was 2.1 billion yuan (non-GAAP profit margin) 22.5%) Company stay

金吾財訊May 23 02:50 ET

[Broker Focus] Guoxin Securities maintains Ctrip Group's (09961) “buy” rating, indicating that domestic tourism is expected to continue to thrive

Jinwu Financial News | According to Guoxin Securities Research Report, the net profit of Ctrip Group (09961) increased strongly in the first quarter of 2024. Domestic travel continues to benefit from the increase in online penetration rates, the restoration of the boom in outbound travel, and the rapid expansion of international business, and outstanding growth in inbound tourism. According to the bank, in the first quarter after compensatory demand, the profit margin of the company's main business continued to improve year-on-year, indicating profit flexibility and good independent control of marketing efficiency brought about by the recovery of the company's high-margin outbound travel boom. Looking ahead to the future, from an industry perspective, housing prices in the hotel industry have declined somewhat. In addition, the domestic leisure travel base is relatively low during the same period last year. The company is expected to be domestic

金吾財訊May 23 02:49 ET