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<Research>Daiwa Holds Constructive View on TRIP.COM-S in Mid-to-Long Term, Expects Clearer Regulatory Measures to Bring Entry Opportunities
Recommend 26 Positive 39 Negative 22 |
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China's State Administration for Market Regulation launched an investigation into TRIP.COM-S (09961.HK) yesterday (14th) over alleged monopolistic behavior, according to a report from Daiwa. The company responded by saying that it is currently cooperating with the investigation and its business operations remain normal. In Daiwa's opinion, while TRIP.COM-S is China's largest online travel platform in terms of transaction volume, its market share dynamics and pricing strategies have been constantly affected by competition from MEITUAN-W (03690.HK) and BABA-W (09988.HK)'s Fliggy. In the short term, regulatory uncertainty may negatively impact investor sentiment, but such phases often present entry opportunities once regulatory measures become clear, Daiwa said. Given its international expansion, inbound tourism recovery trends, and China's hotel inventory cycles, Daiwa maintains a constructive view on TRIP.COM-S in the mid-to-long term. TRIP.COM-S has been rated as Buy. AAStocks Financial News |
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