Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CLSA: TONGCHENGTRAVEL Unlikely to Benefit from TRIP.COM-S‘ Antitrust Investigation; Rating Kept at Hold
Recommend 10 Positive 9 Negative 4 |
||||
|
||||
|
The narrative of agentic AI surpassing online travel agencies (OTAs) and other transaction platforms is quite common in the US, CLSA published a research report saying. However, due to stricter control over the supply chain by Chinese OTAs, this is not an imminent risk in mainland China. The broker expected that the hotel management business of TONGCHENGTRAVEL (00780.HK) will play a more significant role in revenue growth in 2026. Therefore, CLSA kept a target price of $22 for TONGCHENGTRAVEL and rating at Hold. Regarding the market's focus on the antitrust investigation of TRIP.COM-S (09961.HK), CLSA believed that, since TONGCHENGTRAVEL and TRIP.COM-S shared hotel inventory in the domestic market, and 60-70% of TONGCHENGTRAVEL's hotel trading volume comes from TRIP.COM-S' inventory, TONGCHENGTRAVEL will not benefit if TRIP.COM-S has to relinquish hotel commission and supply exclusivity rights. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
