JPMorgan's rating upgrade: JPMorgan raised Ctrip's target price to 600 Hong Kong dollars, expecting high visibility of sustainable revenue growth.
On November 20, Gelonghui reported that jpmorgan stated that Ctrip’s third-quarter performance was impressive, with a 16% year-on-year increase in revenue. It believes the company's stock price is attractive and expects high visibility of sustainable revenue growth over the next three to five years, with an average annual compound growth rate likely to reach the mid-double digits. The firm maintains a "shareholding" rating for the company, raising the target price from 550 Hong Kong dollars to 600 Hong Kong dollars, anticipating that the company's stock price will rise in the next 12 months. jpmorgan noted that Ctrip's domestic business is growing steadily and expects growth to accelerate in the coming quarters, with a year-on-year increase in domestic tourism revenue expected to speed up to low double-digit levels. As for outbound tourism,
Large brokerage rating | Jefferies Financial: Raises Ctrip's target price to HK$603, the company continues to demonstrate strong execution capabilities
Jefferies financial published a report stating that Ctrip's total revenue in the third quarter increased by 16% year-on-year to 15.9 billion yuan, surpassing both the firm's and market expectations by 1.4% and 2.2%, respectively.
CMB International: Upgraded Ctrip's target price to 544 Hong Kong dollars, all aspects of the business still maintain a strong momentum.
Gallop November 20th | BOC International published a research report pointing out that Ctrip once again achieved strong quarterly performance, with third-quarter adjusted net income increasing by 23% year-on-year, exceeding expectations, indicating that despite the high base of the third quarter of last year, the company's various aspects of business still maintain strong momentum. BOC International stated that as the explosive growth following the relaxation of epidemic measures gradually fades, the industry will continue to return to normal, but believes that the group will still lead in growth. Given the rapid revenue growth of its international platform Trip.com and its higher revenue contribution, Trip.com will remain the main driver for the group. The bank believes that, considering Ctrip's diverse
htsc raises the target price of Trip.com (TCOM.US) to 77.5 USD, with quarterly profits exceeding expectations again.
htsc released a research report stating that Trip.com-S (09961.HK)(TCOM.US) reported a 16% year-on-year increase in revenue for the third quarter to 15.9 billion yuan, basically in line with the market expectation of about 15.6 billion yuan. Adjusted net profit exceeded expectations again, reaching 6 billion yuan, a 22% year-on-year increase, which is 19% higher than market expectations. This is believed to be due to better-than-expected performance in marketing expense ratios and investment income among other revenues. The institution believes that domestic travel demand remains resilient, and the overseas market continues its trend of high growth. In the long run, it is believed that Trip.com's overall profitability remains robust, and the forecast for 2024 has been revised upwards.
Citi Maintains Trip.com(TCOM.US) With Buy Rating, Raises Target Price to $73
Trip.com Group Is Maintained at Buy by TD Cowen