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<Research>BOCI Elevates TRIP.COM-S TP to HKD638; 3Q Results Beat
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TRIP.COM-S (09961.HK)'s 3Q25 financial report beat market expectations, with revenue and non-GAAP operating profit growing by 16% and 12% YoY, reflecting marked progress in traffic acquisition in both domestic and overseas markets (Trip.com platform), according to a report from BOCI. Although recent tensions between China and Japan might have some impact on TRIP.COM-S' outbound business, the experience of reduced Chinese tourist traveling to Thailand indicates that the impact on TRIP.COM-S' revenue is relatively limited. BOCI reiterated a Buy rating on TRIP.COM-S and lifted its target price from HKD630 to HKD638. AAStocks Financial News |
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