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<Research>Daiwa Modestly Lifts TRIP.COM-S TP to HKD750; 2Q Earnings Beat
Recommend 5 Positive 7 Negative 2 |
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TRIP.COM-S (09961.HK)'s 2Q25 earnings exceeded market expectations by 8% on the back of its higher-than-expected revenue from accommodation and other income, according to Daiwa's research report. The company also announced a new USD5 billion share buyback program. Daiwa raised its target price for TRIP.COM-S from HKD745 to HKD750 (equivalent to a forecasted P/E ratio of 25 times) and reiterated a Buy rating. AAStocks Financial News |
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