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Trip.com Newsroom
U.S. stock market early session | The three major indexes rose together, with the Dow hitting a new high again; Chinese concept stocks continued their strong momentum, with Nio Inc. soaring over 8%, pdd holdings up nearly 6%
On the evening of the 27th Beijing time, the U.S. stock market opened slightly higher on Friday. The PCE inflation data most favored by the Federal Reserve rose by 2.2% year-on-year, lower than expected, indicating easing inflation pressure and a cooling economy. The market expects these data to continue to lead the Fed to cut interest rates in the coming months.
Express News | The nasdaq china golden dragon index expanded to 3%, xpeng, nio inc, trip.com rose by over 5%, pdd holdings, jd.com rose by nearly 4%, alibaba rose by nearly 3%.
Baidu, Inc. Reports Ownership in Trip.com Group
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
Express News | The U.S. Securities and Exchange Commission (SEC) filings show that Baidu (BIDU.O) reduced its stake in Trip.com (TCOM.O) from 9.41% on September 11, 2023, to 7.11% on September 25, 2024.
Citi Maintains Trip.com(TCOM.US) With Buy Rating, Announces Target Price $66
Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
Hong Kong stocks are popping champagne! The Hang Seng Tech Index soared more than 20% in a week, while the Hang Seng Index's year-to-date gain has exceeded the S&P. What other opportunities are worth exploring?
Multiple fund companies and fund managers suggest that investors can focus on two main directions in the Hong Kong stock market: on one hand, pay attention to opportunities in interest rate-sensitive industries in the growth track, such as internet, electric vehicles, technology hardware, and biomedical sectors with longer durations; on the other hand, focus on high dividend-paying symbols with more certain shareholder returns.
Hang Seng Index rose 697 points in the first half of the trading day, with a turnover of 244.2 billion, consumer and mainland real estate stocks leading the way.
The People's Bank of China has lowered the reserve requirement ratio for financial institutions by 0.5 percentage points, and starting today, the 7-day reverse repurchase operation rate has been lowered from 1.7% to 1.5%. In the morning trading session on the settlement day of the Hong Kong stock market futures, the Hang Seng Index continued its recent upward trend, opening high by 522 points and then the gains expanded back and forth. It once rose by 783 points to 20,708 points, rose by 697 points or 3.5% at midday, closing at 20,621 points; the national index rose by 231 points or 3.3%, closing at 7,318 points; the Hang Seng Tech Index rose by 277 points or 6.6%, closing at 4,487 points. The total turnover in the market in the morning session was 244.268 billion yuan. As for technology stocks, Tencent (00700.
Express News | US-listed Chinese concept stocks in night trading continued to expand, with trip.com up nearly 7%, miniso up nearly 6%, nio inc up over 5%, beigene up over 4%, jd.com up over 3%.
HK stocks surged | Tongchengtravel (00780) rose more than 9%, leading the travel concept. The National Day golden week is coming soon. Institutions recommend paying attention to the frequency of online travel orders.
Travel concept stocks continue to strengthen, as of the time of publication, H World Group-S (01179) rose by 8.76%, to 28.55 Hong Kong dollars; Tongchengtravel (00780) rose by 8.8%, to 18.3 Hong Kong dollars; Meituan-W (03690) rose by 7.23%, to 163.4 Hong Kong dollars; Ctrip Group-S (09961) rose by 8.69%, to 457.6 Hong Kong dollars.
Hong Kong stock concept tracking | During the National Day holiday, the average daily number of inbound and outbound tourists will reach 1.75 million. The tourism sector receives a performance boost. (Including concept stocks)
It is expected that the peak flow of inbound and outbound passengers will mainly focus on October 1st and 6th.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
Jabil Posts Upbeat Earnings, Joins Micron Technology, Southwest Airlines And Other Big Stocks Moving Higher On Thursday
Express News | The People's Bank of China: We need to speed up the introduction of financial increment policy measures files, and implement and implement each policy measure one by one.
Express News | The Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting the Entry of Medium to Long-term Funds into the Market".
Market Chatter: Dutch E-Commerce Investor Prosus Offloads Stake in Trip.com for $743 Million
Klook: Some local tour product bookings have declined, always planned to go public but no definite timetable.
Local travel booking platform Klook's General Manager for Hong Kong and Macau, Samson Sze, noted a decrease in the booking volume of some local travel products, such as the sales of hotel staycation products being affected by Hong Kong people traveling abroad. He mentioned that the consumption pattern of Hong Kong people is currently changing, shifting from preferring expensive dining experiences to more affordable restaurant choices. As for the platform's outbound travel product reservations, there has been a significant increase, especially after Hong Kong people's retaliatory consumption from 2023 to 2024, so the current outbound travel product reservations have completely surpassed the levels of 2019. He also mentioned that Hong Kong people are now...
U.S. stock abnormal movement | Ctrip rose more than 5% before the market opened, with Goldman Sachs raising the target price to $61.
Grunt on September 26th | Ctrip (TCOM.US) rose 5.52% before the market, to $53.9. Morgan Stanley released a research report pointing out that compared to online entertainment platforms, the firm prefers online travel platforms (OTA) and has raised Ctrip's target price from $59 to $61, with a 'shareholding' rating.
Nomura raised Ctrip's target price to $61.
September 26th, Guolonghui | Morgan Stanley: Raised Ctrip's target price from $59 to $61, rated as "shareholding".