2024-03-14 11:30:43 ET
Summary
- Despite challenges in the travel industry, Trip.com has achieved record-breaking results, capturing a huge customer base and capitalizing on growing demand.
- The company recorded a net revenue of RMB44.51 billion ($6.18 billion), which is an increase of 122.11% from RMB20.03 billion ($2.78 billion).
- The company’s PEG ratio is 0.82x which is significantly lower than the sector median PEG ratio of 1.55x which shows that the company is significantly undervalued.
Investment Thesis
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Trip.com: Strong Quarterly Result Supports Solid Upside