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<Research>JPM Lifts TRIP.COM-S TP to HKD700; Rating Kept Overweight
Recommend 5 Positive 7 Negative 3 |
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The stock price of TRIP.COM-S (09961.HK) (TCOM.US) has underperformed the industry average over the past three months, lagging 10 ppts behind the KraneShares CSI China Internet ETF (KWEB.US), according to a JPMorgan report. The broker attributed TRIP.COM-S' underperformance to investors' concerns about JD.com's potential foray into China's online travel agency (OTA) market and the negative impact of a weak summer travel market. JPMorgan kept an Overweight rating on TRIP.COM-S and raised the target prices for its H-shares from HKD580 to HKD700 and for its US shares from USD75 to USD90. AAStocks Financial News |
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