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<Research>BofAS Cuts TRIP.COM-S TP to HKD612, Expects Last Qtr's Adjusted NP to Rise 7% YoY
Recommend 10 Positive 18 Negative 6 |
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TRIP.COM-S (09961.HK) is set to release its 4Q25 results in March, according to a BofA Securities research report. In the broker's estimate, TRIP.COM-S' net revenue for the last quarter will have grown by 16% YoY to RMB14.9 billion, exceeding market expectations. Specifically, revenue from hotel accommodation and transportation ticketing will have increased by 21% and 12% YoY, respectively, marking a slight acceleration on the QoQ basis. Under non-GAAP standards, TRIP.COM-S is also expected to report a YOY growth of 18% in operating profit to RMB3.3 billion and a YoY rise of 7% in net profit to RMB3.3 billion, in line with market forecasts. BofA Securities has reiterated a Buy rating on TRIP.COM-S but cut its target price from HKD667 to HKD612. AAStocks Financial News |
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