CLSA wrote in its research report that it is almost impossible for TONGCHENGTRAVEL (00780.HK) +0.300 (+1.509%) Short selling $14.00M; Ratio 41.207% 's share price to be left unaffected by the news of the antitrust probe into TRIP.COM-S (09961.HK) -5.800 (-1.379%) Short selling $90.39M; Ratio 30.775% , given that TRIP.COM-S is a major shareholder holding around a 26% stake in it.TONGCHENGTRAVEL's stock price fell by 12% yesterday (14th), which CLSA considers a reasonable market reaction. In the broker's estimate, it will continue to fluctuate over the next 3-6 months before the investigation results are announced, a situation similar to what TRIP.COM-S slid into.CLSA previously gave TONGCHENGTRAVEL a Hold rating with a target price of HKD22.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-11 12:25.)