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<Research>BofAS Elevates TRIP.COM-S TP to HKD652, Reiterates Buy Rating
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TRIP.COM-S (TCOM.US) (09961.HK) logged a 16% YoY increase in its 2Q25 net revenue, with a non-GAAP operating profit margin of 31.4%, beating both company guidance and market expectations, according to a report from BofA Securities. The company's hotel/ transportation revenues also grew by 21%/ 11% YoY on the back of double-digit transaction volume growth, which was higher than its industry peers', though partially offset by a low- to mid-single-digit decline in domestic hotel average daily rates as well as domestic and outbound air ticket prices. BofA Securities raised its target price for TRIP.COM-S from HKD550 to HKD652 and reiterated the Buy rating. AAStocks Financial News |
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