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CTRP - Ctrip: Hit By Geopolitical Tensions But Long-Term Prospects Are Solid
Trip.com Group
Ctrip (CTRP) has underperformed in the last few months with the stock down roughly 30% from its April peak. Despite a guided growth rate of 15-20% yoy for net revenues and being one of the fastest growing online travel apps, investors are concerned with macro and geopolitical headwinds which may impact both corporate and leisure travel. Valuations are at trough P/E of 20x and likely provide an attractive entry point.