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<Research>CLSA Expects TONGCHENGTRAVEL Shr Price Volatility to Persist Amid Antitrust Probe Into TRIP.COM-S
CLSA wrote in its research report that it is almost impossible for TONGCHENGTRAVEL (00780.HK)'s share price to be left unaffected by the news of the antitrust probe into TRIP.C...
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<Research>CLSA Expects TONGCHENGTRAVEL Shr Price Volatility to Persist Amid Antitrust Probe Into TRIP.COM-S
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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.)

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