On June 29, Trip.com Group rose 4.59% in regular trading, trading at 317.6 HKD/share, with turnover of HKD 121 million. The stock exhibited a technical recovery pattern after declining over 12% in the prior two trading sessions when its earnings release coincided with regulatory headwinds.
On the fundamental side, Trip.com reported Q1 net revenue of RMB 16.2 billion, up 17% year-over-year, beating market consensus by approximately 2%. Non-GAAP operating profit margin reached 28.6%, slightly above institutional expectations. International platform bookings grew approximately 65% YoY, while inbound tourism bookings surged roughly 90% YoY, demonstrating continued resilience in the company's core business. CITIC Securities noted that both revenue and profit exceeded Bloomberg consensus estimates.
However, investors remain cautious as Q2 revenue growth guidance was set at 3%-8% YoY, impacted by rising oil prices and ongoing regulatory investigations related to competition law and consumer protection issues, which may continue to weigh on near-term sentiment.
(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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