Movement Alert|Trip.com Group Rises 3.04% in Regular Trading, Global Partnership with Seat Unique Group to Expand Sports and Entertainment Business

Market Focus
07/16

On July 16, Trip.com Group-S (09961.HK) rose 3.04% in regular trading, trading at 346.0 HKD/share, with turnover of 269 million HKD.

On the news front, Trip.com Group announced a global partnership with premium sports and entertainment experience platform Seat Unique Group on July 14. Under this collaboration, official packages and VIP experiences for world-class live events including Formula 1, English Premier League matches, and major concert tours will be progressively launched on Trip.com's platform, further enriching the platform's premium travel experience offerings.

From a fundamental perspective, Trip.com reported Q1 revenue of 16.2 billion RMB, up 17% year-over-year, beating market expectations. CITIC Securities maintains a Buy rating with a target price of 413.63 HKD. However, the company guided Q2 revenue growth to slow to 3%-8% due to business rectification following a regulatory investigation. Within the Hotels, Resorts and Cruise Lines sector, peer Tongcheng Travel rose 5.26%, while H World Group gained 2.45%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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