Hong Kong stock concept tracking | In 2024, the international tourism industry is expected to achieve or exceed the scale of 2019. The continued benefits to the tourism OTA platforms (including concept stocks).
OTA platforms will continue to benefit from the high growth of inbound and outbound travel as well as the prosperity of domestic travel.
Soochow Securities: High growth in inbound and outbound tourism, the thriving domestic tourism fundamentals, OTA platforms continue to benefit.
After more than 20 years of development, the trade scale of china's online travel market has reached 1.1 trillion yuan, and the penetration rate of online travel platforms has exceeded 60%, evolving into an oligopoly structure.
Express News | Ctrip Group has reached a strategic cooperation with Air Astana.
Guosen Securities: Optimize the landing of holidays to effectively expand domestic demand. Pay attention to the related travel industry chain and local consumer consumption.
In 2023, the number of tourists during the holidays after May 1st in our country all exceeded the level of the same period in 2019, with the total number of holidaymakers accounting for 33% of the whole year, also significantly higher than the approximately 27% in 2019. It is expected that the trend of "peak season getting busier" will continue.
Hong Kong stock concept tracking: The State Council announced that there will be an additional 2 days of holidays in 2025. Institutions are bullish on the valuation increase of the travel chain (with a list of concept stocks attached).
The State Council announced the decision to amend the "State Council's Decision on Amending the Regulations on National Holidays and Commemorative Days".
Earnings Preview: Trip.com to Report Financial Results Post-market on November 18
$Trip.com(TCOM.US)$ is scheduled to release its financial results post-market on November 18 ET. Earnings PreviewAnalysts estimate $Trip.com(TCOM.US)$ to post revenue of CNY15.65B for 2024Q3, up 13.79
Ctrip: 2025 statutory holidays announced, New Year's Eve ticket search popularity increased by 2.5 times.
After the announcement, the ticket search volume on the Ctrip platform during the Spring Festival in 2025 increased by 1.7 times, and the ticket search volume on New Year's Eve increased by 2.5 times.
Trip.com Group Analyst Ratings
Mizuho Securities Maintains Trip.com(TCOM.US) With Buy Rating, Raises Target Price to $78
Express News | Trip.com Group Ltd : Mizuho Raises Target Price to $78 From $65
Express News | The holiday arrangements for 2025 are here: both the Spring Festival and Labor Day have been extended by 1 day.
Furui: The internet-related industry is at the beginning stage of a new cycle, and science and technology enterprises with 3 major characteristics will take the lead.
The investment sentiment in Chinese network technology stocks has improved. Zhuang Yaohong, Director and General Manager of the Internet and Media Industry Research Department in the Asia-Pacific region of Fuli, stated that the internet industry is entering a new period, with profit growth potential, leading market position, and companies benefiting from policies starting to apply the PEG (Price/Earnings to Growth) valuation method, driving the stock price breakthrough.
Daily Bull and Bear | Unafraid of the weakening of Hong Kong stocks, the Hang Seng Index saw a net inflow of nearly 0.1 billion Hong Kong dollars; zte rose more than 10% against the market, with multiple call options earning twice the profit.
At the close, the market turnover was 204.34 billion Hong Kong dollars, with a total turnover of 16.04 billion Hong Kong dollars for all warrants, bull and bear certificates, accounting for 7.8% of the market turnover. Among them, the proportion of long positions is 5.4%, while the proportion of short positions is 2.5%.
U.S. stocks are on the move | Ctrip rose more than 2% before the market, with target price raised to $77 by Lyon.
Great Wisdom on November 11th | Ctrip (TCOM.US) pre-market trading up 2.37%, at $67.03. On the news front, Raymond James published a research report stating that despite the high base in the same period last year, China's travel demand in the third quarter of this year remains strong, with Ctrip leading the industry. Raymond James predicts that Ctrip's third-quarter revenue will increase by 13% to 15.6 billion yuan year-on-year, adjusted EBIT is expected to increase by 17% to 5.2 billion yuan year-on-year, and the average per capita consumption of passengers on its platform Trip.com continues to perform well. Looking ahead to the fourth quarter, with a low base comparison, the bank forecasts that revenue growth will accelerate to year-on-year growth.
In "Dah Sing", Lyon raised its target price for Trip.com (TCOM.US) to $77, reflecting strong demand for travel in China.
Lyon released a research report stating that although the base number was higher in the same period last year, China's travel demand in the third quarter of this year remains strong. During the summer vacation, domestic travel volume increased by 8% year-on-year, while during the National Day holiday, it increased by 6% year-on-year. Outbound travel has also recovered to about 80% of the same period in 2019, with Ctrip-S (09961.HK)(TCOM.US) leading in the industry. Lyon predicts that Ctrip's third-quarter revenue will grow by 13% to 15.6 billion RMB year-on-year, while adjusted EBIT is expected to increase by 17% to 5.2 billion RMB year-on-year. It is noted that despite the price decrease in hotels during the period, the platform under the group Trip.
Investors Will Want Trip.com Group's (NASDAQ:TCOM) Growth In ROCE To Persist
Express News | Liang Jianzhang proposed to give 0.1 million yuan to each newborn baby, "The only thing we lack is children".
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
Open Source Securities: Powering up for a new round of ice and snow season, seize the momentum of ice and snow tourism/ice and snow industry potential release
The 2025 Harbin Asian Winter Games are about to be held, and top ice and snow events are expected to boost the attention and participation enthusiasm of the q&m dental towards ice and snow.
CICC in "Dah Sing": MSCI China Adjustment, Focus on Positive Impact on Ctrip (09961.HK), Nio Inc (09866.HK), and Alibaba (09988.HK)
CICC's report pointed out that MSCI's adjustment to China focuses on the potential positive impact on Ctrip-S (09961.HK), Nio-SW (09866.HK), and Alibaba-W (09988.HK); and the potential negative impact on Meituan (06110.HK), GAC (02238.HK), and iQIYI (IQ.US). In terms of the absolute change in weights, CICC calculated that due to this adjustment, Alibaba, Ctrip Group, Kuaishou-W (01024.HK), Nio, and Tianfeng Securities (601162.SH) rank high in weight increases.
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