Movement Alert｜TRIP.COM-S Intraday Rise 3.07% in Regular Trading, Citi Maintains Buy Rating Ahead of Third-Quarter Results

Market Focus10-23

On October 23, TRIP.COM-S rose 3.07% in Regular Trading, trading at HK$315.8, with turnover of HK$336 million.

The move was linked to a broker note indicating that Citi expects the company’s third-quarter results to be broadly in line with market expectations and maintained its Buy rating with a US$61 target price.

Citi projected third-quarter revenue of about RMB18.9 billion, up 3% year on year, with gross margin around 81.3%, adjusted operating margin near 31.4%, and adjusted earnings of roughly RMB5.3 billion. The bank also kept its earnings forecasts for the following years unchanged and said the company’s worst period may have passed. Recent holiday travel data, including solid long-haul and outbound travel trends during the National Day period, provided additional support for that view.

(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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