Movement Alert|Trip.com Group Falls 3.22% in Regular Trading, Regulatory Headwinds and Weak Q2 Guidance Weigh on Shares

Market Focus06-30

On June 30, Trip.com Group fell 3.22% in regular trading, trading at HK$312.4/share, with turnover of HK$155 million.

The decline comes amid multiple regulatory pressures and disappointing forward guidance. The company faces an antitrust investigation initiated in January that remains unresolved after more than five months, a RMB 10 million fine for data export violations in mid-June, and a joint regulatory interview by three government departments regarding its train ticket business. Additionally, Q2 net revenue guidance of only 3%-8% year-over-year growth marks a sharp deceleration from Q1's 17% growth, primarily impacted by compliance rectification and rising energy costs.

Guotou Securities International has downgraded the stock and cut its full-year profit forecast by 15%. Within the Hotels, Resorts and Cruise Lines sector, broad weakness persists, with Tongcheng Travel down 6.54%, H World Group down 1.19%, and TravelSky Technology down 1.08%.

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