On July 2, Trip.com Group rose 3.59% in regular trading, trading at HKD 319.8/share, with turnover of HKD 360 million. The stock exhibited a technical recovery following a substantial pullback driven by multiple headwinds including an unresolved antitrust investigation, a RMB 10 million data export violation fine, and weak Q2 revenue guidance of only 3%-8% growth.
On the news front, CITIC Securities maintained its Buy rating with a target price of HKD 413.63, citing Q1 revenue of RMB 16.2 billion representing 17% year-over-year growth that exceeded consensus expectations by approximately 2%. JPMorgan also recommended buying the dip, arguing that the market has mistakenly priced cyclical macro slowdown as a structural issue and that the long-term competitive landscape remains unchanged. Fundamentally, international platform bookings grew approximately 65% year-over-year while inbound tourism bookings surged roughly 90%, demonstrating resilient core growth drivers.
Within the Hotels, Resorts and Cruise Lines sector, Shangri-La Asia rose 3.5%, Travelsky Technology gained 2.48%, China Travel HK advanced 1.94%, and Tongcheng Travel added 1.0%.
(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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