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<Research>UBS Lifts TRIP.COM-S TP to HKD660, Rating Buy
Recommend 4 Positive 6 Negative 0 |
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TRIP.COM-S (09961.HK) exceeded expectations in both revenue and profit margin for 2Q25 and announced a new round of stock repurchase plans, according to a report from UBS. Despite market concerns about the sluggish industry trend during the summer vacation, the broker anticipated a strong growth in the number of room nights in 3Q25, which could partially offset a slight decline in average room rates and help keep domestic revenue in China at a steady level of about 10%. UBS lifted its target price for TRIP.COM-S from HKD588 to HKD660, with a rating of Buy. AAStocks Financial News |
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