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<Research>CMBI Raises Trip.com (TCOM.US) TP to USD83; 3Q Results Beat
Recommend 3 Positive 1 Negative 4 |
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According to a CMBI research report, TRIP.COM-S (09961.HK) logged a YoY surge of 15.5% in its 3Q25 total revenue to RMB18.4 billion, 1% higher than both the broker's and the market's expectations. Thanks to the better-than-expected operating leverage, TRIP.COM-S' non-GAAP operating profit reached RMB6.1 billion, 5% higher than CMBI's expectations. With the one-off gain from the sale of some MakeMyTrip shares, its non-GAAP net profit amounted to RMB19.2 billion, also far above the market expectation of RMB5.6 billion. CMBI lifted its target price for Trip.com (TCOM.US) from USD76 to USD83 and kept the Buy rating unchanged. AAStocks Financial News |
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