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Hong Kong stocks movement | Ctrip Group-S (09961) rose nearly 3% Q3 adjusted EBITDA better than market expectations, international hotel revenue will maintain strong momentum.
Ctrip Group-S (09961) rose nearly 3%, as of the deadline for submission, rose 2.49%, reported 514 Hong Kong dollars, with a turnover of 0.284 billion Hong Kong dollars.
Ctrip Group-S (9961.HK): Outbound and international business maintains high growth, overall profit performance is impressive.
Event: On November 19, 2024, the company announced the financial report for Q3 2024, achieving a total net revenue of 15.9 billion yuan (+16% YoY), and a net income attributable to the parent company of 6.8 billion yuan (+47% YoY), Non-
Analysts Offer Insights on Consumer Cyclical Companies: TJX Companies (TJX) and Trip.com Group Ltd. Sponsored ADR (TCOM)
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 an "Outperform Market" rating on Trip.com Group (09961), pointing out that international flight and hotel services remain an important growth driver.
Jingu News | Guosen Securities released research reports stating that Ctrip Group (09961) recorded third-quarter revenue of 15.87 billion yuan, up 15.5% YoY, exceeding market expectations (+13.9% YoY); Non-GAAP net income attributable to parent company was 5.96 billion yuan, up 21.8%, with adjusted EBITDA at 5.68 billion yuan, up 22.9%, outperforming market expectations (-2.5% and +14.4%, respectively). The revenue growth rate during the peak season for travel continued to improve on a high base, highlighting the platform's leading advantages; Q3 adjusted EBITDA margin increased by 2.1% YoY, surpassing market expectations.
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