Movement Alert｜Trip.com Group Rises 3.04% in Regular Trading, Global Partnership with Seat Unique Group to Expand Sports and Entertainment Business

Market Focus10:48

On July 16, Trip.com Group-S (09961.HK) rose 3.04% in regular trading, trading at 346.0 HKD/share, with turnover of 269 million HKD.

On the news front, Trip.com Group announced a global partnership with premium sports and entertainment experience platform Seat Unique Group on July 14. Under this collaboration, official packages and VIP experiences for world-class live events including Formula 1, English Premier League matches, and major concert tours will be progressively launched on Trip.com's platform, further enriching the platform's premium travel experience offerings.

From a fundamental perspective, Trip.com reported Q1 revenue of 16.2 billion RMB, up 17% year-over-year, beating market expectations. CITIC Securities maintains a Buy rating with a target price of 413.63 HKD. However, the company guided Q2 revenue growth to slow to 3%-8% due to business rectification following a regulatory investigation. Within the Hotels, Resorts and Cruise Lines sector, peer Tongcheng Travel rose 5.26%, while H World Group gained 2.45%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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