The Zhitong Finance App learned that Citi released a research report stating that it maintains Ctrip (TCOM.US)'s “buy” rating for US stocks, with a target price of 61 US dollars. The bank held a post-performance conference call with the Ctrip Group-S (09961.HK) investor relations manager. The discussions included more details of the hotel partner's rectification, further explanation of domestic transportation business, the strong momentum of Trip.com and the narrowing loss rate, and management's views on profit margins. The bank believes that the worst may be over. Ctrip is expected to outperform the market in 2027. Due to industry demand and the base effect of commission rates, the base effect will begin in the second quarter of 2027, while domestic hotel commission rates are expected to gradually recover.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Citi released a research report stating that it maintains Ctrip (TCOM.US)'s “buy” rating for US stocks, with a target price of 61 US dollars. The bank held a post-performance conference call with the Ctrip Group-S (09961.HK) investor relations manager. The discussions included more details of the hotel partner's rectification, further explanation of domestic transportation business, the strong momentum of Trip.com and the narrowing loss rate, and management's views on profit margins. The bank believes that the worst may be over. Ctrip is expected to outperform the market in 2027. Due to industry demand and the base effect of commission rates, the base effect will begin in the second quarter of 2027, while domestic hotel commission rates are expected to gradually recover.
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