Movement Alert|Trip.com Group Rises 3.1% in Regular Trading, Multiple Institutions Maintain Buy Ratings Boosting Market Confidence

Market Focus07-10

On July 10, Trip.com Group-S (09961.HK) rose 3.1% in regular trading, trading at 332.4 HKD/share, with turnover of 393 million HKD.

On the news front, multiple institutions have recently reiterated bullish outlooks on the company. CITIC Securities maintained a Buy rating with a target price of 413.63 HKD, highlighting Q1 revenue of 16.208 billion RMB, representing a 17.19% year-over-year increase that exceeded market expectations. JPMorgan also recommended buying on dips, noting that the market has mistakenly priced regulatory rectification as a structural issue, while the long-term competitive landscape remains unchanged.

The broader tourism sector showed positive momentum. Within the Hotels, Resorts and Cruise Lines sector, Tongcheng Travel rose 1.68%, Huazhu Group gained 0.5%, and China Travel HK advanced 0.95%, reflecting continued sector linkage effects following Q1 results that demonstrated resilient travel demand and approximately 90% year-over-year growth in inbound tourism bookings.

(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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