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Trip.com Newsroom
Citi's investment ratings and target prices for Chinese Network Technology stocks (table).
Citigroup published a research report, listing the investment ratings and Target Prices for Chinese Network Technology stocks as follows: Stock | Investment Rating | Target Price (HKD) Alibaba-W (09988.HK) | Buy | 132 HKD MEITUAN-W (03690.HK) | Buy | 203 HKD TENCENT (00700.HK) | Buy | 573 HKD TONGCHENGTRAVEL (00780.HK) | Buy | 21 HKD ------------------------------------------------- Alibaba (BABA.US) | Buy | 1.
According to Citigroup in the report "The Big Names", the top picks for Chinese internet stocks in the first half of the year are Tencent (00700.HK), Trip.com (TCOM.US), Meituan (03690.HK), and JD.com (JD.US).
Citibank released a report on the Internet Industry in the Asia-Pacific region, revealing that last year, the Global Internet Sector displayed varied stock performance. Indian Internet stocks outperformed with a growth of 73.7%, Southeast Asia saw a rise of 35.3%, Japan increased by 35%, and the USA rose by 33.8%. Meanwhile, the Internet sectors in China and South Korea lagged behind, with increases of 15.6% and a decline of 11.4%, respectively. Geopolitical tensions, along with changes in tariffs and regulatory policies, may continue to affect cross-regional investor sentiment and portfolio allocation. The bank indicated that the valuation of the Chinese Internet sector is reasonable and growth quality is continuously improving, but it still believes it should be aligned with domestic macroeconomic and consumer recovery progress.
Express News | Galaxy Securities: With the increase in holiday days and the relaxation of visa-free entry, pay attention to the OTA and scenic spots sector for the Spring Festival peak season market.
After the USD dropped over 1%, it rebounded, and Trump denied the report of "tariff reduction."
Reports indicate that a tariff plan studied by Trump’s aides will target all countries but only cover key imported commodities, yet Trump denied on Social Media that the tariff policy would be reduced.
Express News | Trump: Reports regarding the imposition of general tariffs on key imported Commodities are inaccurate.
Trip.com Group Limited's (NASDAQ:TCOM) Stock Been Rising: Are Strong Financials Guiding The Market?
Henan's finance plans to issue 0.2 billion yuan in New Year consumption vouchers.
The Henan Provincial Government Press Office held a news conference on the policy measures to promote the "Opening Red" for the first quarter of the economy in 2025. The Henan Provincial Department of Commerce will focus on effectively boosting consumption, with three key initiatives in the first quarter: replacing old consumer goods with new ones, issuing new Spring consumption vouchers, and creating consumption scenarios. In key areas such as retail, Dining, cultural tourism, and Lodging, the provincial finance will issue 0.2 billion yuan of consumption vouchers, while also encouraging localities to follow suit in issuing consumption vouchers.
"Large Institutions" HSBC Research's investment rating and Target Price for domestic Aviation and OTA stocks (table).
HSBC Research has published a report evaluating investment ratings and Target Price for mainland Aviation and OTA stocks as follows: Stock | Investment Rating | Target Price (HKD) Air China (00753.HK) | Shareholding | 3.2 yuan Eastern Airlines (00670.HK) | Shareholding | 1.9 yuan Southern Airlines (01055.HK) | Hold | 3.4 yuan TRIP.COM-S (09961.HK) | Buy | 585 yuan → 608.4 yuan TONGCHENGTRAVEL (00780.HK) | Hold → Buy | 19 yuan → 21 yuan
HSBC Research upgraded TONGCHENGTRAVEL (00780.HK) rating to "Buy" and raised the Target Price for Trip (09961.HK) to 608.4 yuan.
HSBC Research published a report indicating that China's Transportation Department expects total passenger flow during this year's Spring Festival period (from January 14 to February 22) to grow by 7% year-on-year, reaching 9 billion trips, setting a new historical record. However, Trip.com (09961.HK) pointed out that this year's ticket prices are relatively weak, with over 30% of domestic routes showing a year-on-year decline in ticket prices. HSBC Research anticipates that compared to Airlines, which will continue to be hampered by a rigid cost structure, OTAs (Online Travel Agencies) will be able to cash in Consumer more effectively through combinatorial conversions. On the other hand, the bank expects domestic ticket prices to remain weak, even during the
Daily Bull and Bear | Is the "bear army" regaining the upper hand? Last Friday, the Hang Seng Index saw a significant increase in bear shares; Xiaomi's stock price hit a historic high, with a bull certificate earning a profit of 150%.
The Hang Seng Index night futures closed at 19,827 points, with a net Outflow of 58 million HKD from bullish positions and a net Inflow of 41 million HKD into bearish positions last Friday; the top five stocks with inflow from bullish positions are Xiaomi, Tencent, Alibaba, Hong Kong Stock Exchange, and BYD.
Tesla, SoFi Technologies And Alcohol Stocks Were Among Top Large Cap Losers Last Week (Dec 30-Jan 3): Are The Others In Your Portfolio?
U.S. stock movement | Trip.com (TCOM.US) rises over 3% as China increases public holidays in 2025, the company may benefit.
On Friday, Trip.com (TCOM.US) rose by over 3%, closing at $67.14.
Trip.com Shares Are Trading Higher After Citigroup Raised Its Price Target on the Stock From $73 to $78.
Trip.com Group Analyst Ratings
Today's Analyst Rating | ServiceNow Price Target Raised to $1210 by RBC Capital, Goldman Sachs Price Target Raised to $623 by Evercore
Jan 3, Wall Street analysts have updated their stock ratings today including $ServiceNow(NOW.US)$ and $Goldman Sachs(GS.US)$.
Citi Maintains Trip.com(TCOM.US) With Buy Rating, Raises Target Price to $78
U.S. stocks movement | Trip.com rose over 2% before the market opened after Citigroup raised the Target Price and initiated a 90-day positive catalyst observation.
On January 3, Gelonghui reported that Trip.com (TCOM.US) rose 2.24% before the market opened, reaching $66.22. Trip.com will announce its earnings report at the end of February. Citi's research reports suggest that Trip.com's earnings report for the last quarter is expected to generally meet expectations, with adjusted earnings slightly exceeding market expectations. As for 2025, the bank believes that the growth momentum in the domestic, outbound, and international markets is strong, especially in the first quarter of 2025, due to a lower comparable base for outbound travel and the Lunar New Year holiday being extended because of the weekend and annual leave combined. Therefore, the bank is paying attention to potential positive commentary regarding its performance in the first quarter of 2025 during the upcoming earnings report period, and
Daiwa Capital Markets has included JD.com (02618.HK), MINISO (MNSO.US), and Contemporary Amperex Technology (300750.SZ) in the "Buy" list.
The research report from Dahua Jixian indicates that market volatility is expected to be higher this year. There is uncertainty regarding whether USA President Trump will immediately impose tariffs on mainland goods starting January 20 when he is officially inaugurated, or whether he will impose a tariff of 60%. The firm has included Contemporary Amperex Technology (300750.SZ), JD.com Logistics (02618.HK), MINISO (MNSO.US), and PLOVER BAY TECH (01523.HK) on its 'Buy' list, as these companies are less affected by tariffs. At the same time, the firm has included Weimeng (02013.HK) on its 'Sell' list, with a rating in relation to SINOPHARM (010.
Citigroup raised the Target Price for Ctrip (TCOM.US) to $78, initiating a 90-day observation of positive catalysts.
Ctrip-S (09961.HK) (TCOM.US) will announce its last quarter performance at the end of February. Citibank released a research report estimating that Ctrip's last quarter performance will generally meet expectations, with adjusted profits slightly exceeding market expectations. As the industry's average daily hotel rates declined year-on-year as expected in the last quarter of last year, it is predicted that domestic revenue growth will remain in the low double digits, while the significant trend in outbound tourism and Trip.com is also expected to continue. Although maintaining a generally accepted accounting principles (GAAP) operating profit margin of around 21.5% for the fourth quarter of 2024 is constrained, Trip.com’s marketing expenses cannot be ruled out.
Express News | Citi: Ctrip may benefit from favorable factors in 2025.