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China's anticipated fiscal stimulus plan, set to be detailed in an upcoming press conference on Saturday, has sparked speculation of more aggressive measures to revive economic growth. This has led to an upward revision in 2025 growth forecasts, now expected to reach 4.8% year-on-year, driven by stronger policy support. The market has responded positively, with stocks like TRIP.COM-S (09961.HK) surging by 8.476%, as expectations for consumption stimulus policies fuel optimism, particularly in sectors like travel and leisure.
In the travel sector, Trip.com Group Limited has been the subject of several analyst notes. TD Cowen has adjusted the company's price target, while Benchmark has maintained its Buy rating despite market concerns. Jefferies has increased its stock price target for Trip.com, reflecting confidence in the company's strong summer growth. Mizuho Securities has reiterated its Outperform rating on Trip.com shares, highlighting the company's improving profitability.
Trip.com's second-quarter revenue report showed a year-over-year increase of 14%, with non-GAAP operating income (NGOI) seeing a positive uptick of 22%. The company also announced a strategic partnership with Prioticket, expected to enhance its offerings by integrating Prioticket's API.
$Trip.com Group Limited(TCOM)$
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