On July 8, Trip.com Group-S rose 3.01% in regular trading, trading at 329.2 HKD/share, with turnover of 681 million HKD.
On the news front, CITIC Securities recently issued a research report maintaining a Buy rating on Trip.com Group with a target price of 413.63 HKD, implying approximately 25% upside from current levels. The broker highlighted that the company's Q1 revenue reached 16.208 billion RMB, up 17.19% year-over-year, beating Bloomberg consensus expectations. JPMorgan previously recommended buying on dips, arguing the market has incorrectly priced regulatory rectification as a structural issue while the long-term competitive landscape remains unchanged.
The broader travel sector showed synchronized strength, with Tongcheng Travel up 4.31%, Hworld Group up 1.96%, and Shangri-La Asia up 2.3%, reflecting a sector-wide recovery in sentiment following institutional endorsements of the travel industry's fundamentals.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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