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home / news releases / TCOM - Trip.com: Still A Buy With Above-Expectations Q1 Earnings

TCOM - Trip.com: Still A Buy With Above-Expectations Q1 Earnings

Trip.com Group Limited

2024-05-21 07:07:18 ET

Summary

  • Trip.com Group's normalized net profit rose by +96.4% YoY to RMB4,055 million in Q1 2024 as a result of strong top-line growth and good cost management.
  • TCOM's short-to-medium term prospects are healthy, taking into account the expected outbound travel recovery and the growth potential of its international OTA business.
  • I leave my existing Buy rating for Trip.com Group unchanged, after assessing its recent quarterly financial performance and its growth outlook.

Elevator Pitch

I have a Buy investment rating for Trip.com Group Limited ( TCOM ) [9961:HK] shares....

For further details see:

Trip.com: Still A Buy With Above-Expectations Q1 Earnings
Stock Information
Company Name: Trip.com Group Limited
Stock Symbol: TCOM
Market: NYSE
Website: ctrip.com
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