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Jianyin International: Maintains the "Outperform Market" rating for TRIP.COM-S (09961) and lowers the Target Price to HKD 531.
The bank believes that although the current scale of investment will suppress short-term profit margins, in the long run, it will solidify its position in overseas markets.
The Nasdaq Golden Dragon China Indices fell by 3%, and BYD ADR (BYDDY.US) dropped by 9.1%.
Chinese stocks listed in the USA generally fell, with the Nasdaq Golden Dragon China Index dropping 228 points or 3%, closing at 7,442 points.
[Brokerage Focus] Soochow maintains a "Buy" rating on TRIP.COM-S (09961), bullish on the high growth of international business GMV and revenue this year.
Jinwu Financial News | Soochow Securities released a Research Report indicating that TRIP.COM-S (09961) achieved Net income of 12.7 billion yuan in Q4 2024, a year-on-year increase of 23%; adjusted EBITDA was 3 billion yuan, with an adjusted EBITDA margin of 23%, and adjusted Net income was 3 billion yuan, a year-on-year increase of 14%, with company revenue and profit both exceeding Bloomberg's expectations. In 2024, the company's OTA Business GMV will exceed 1.2 trillion yuan. In addition, the company announced a share repurchase plan (total repurchase amount of 0.4 billion USD) and a dividend plan (2024 cash dividend of 0.2 billion USD). The firm stated that international business competition.
The divergence in the technology stock sector is increasing, pay attention to the rotation opportunities in low-level directions such as Solid State Battery and CSI Consumer 360 index.
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【Special Guest V】 Deng Shengxing: The USA government has launched a tariff war, and the Hang Seng Index may further adjust.
Goldsmith Financial News | The Hang Seng Index closed at 22,941 on Friday (28th), down 776 points or 3.3%. The total market turnover for the day reached 406.2 billion yuan. The national index fell 3.6% to 8,417; the tech index briefly plummeted 6.3%, dropping to 5,511, narrowly holding above the 5,000-point mark, closing down 5.3% at 5,568. The top three blue-chip stocks with the largest gains in February include Alibaba (09988), SMIC (00981), and ALI HEALTH (00241), which rose 44.4%, 41.1%, and 38.8% respectively for the month; the three worst performers were Ctrip (09961), Shenhua(
TRIP.COM-S (9961.HK): Continuing high-quality growth, bullish on the long-term incremental space of International Business.
Event: On February 25, 2025, the company announced the 2024 Q4 Earnings Reports, achieving a total net revenue of 12.7 billion yuan (YoY +23%), and a net income of 2.2 billion yuan (YoY +66%), Non-