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<Research>UBS Foresees Trip.com Shr Price to Remain Range-Bound in Near Term as Mkt Has Initially Digested Antitrust Probe Impact
Recommend 4 Positive 17 Negative 4 |
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While the antitrust investigation has sent TRIP.COM-S (09961.HK)'s share price tumbling, the market seems to have initially digested the related news, UBS wrote in its research report. The main concern for investors remains whether there will be any penalties in the future that could affect TRIP.COM-S' business model, fee structure, or market share. As it is currently still difficult to accurately assess the financial impact of the investigation on TRIP.COM-S beyond fines, UBS expects the stock to remain range-bound in the short term. UBS has kept a target price of USD90 for Trip.com (TCOM.US) and HKD700 for its H-shares, with both rated as Buy. AAStocks Financial News |
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