0434 GMT - Trip.com is expected to deliver 17.5% on year revenue growth and around a 20% GAAP operating margin in 4Q, Morningstar analyst Kai Wang says in a note. With domestic travel plateauing, he expects the company's long-term growth to come from its overseas platform and outbound travel. Wang highlights Trip.com's best-in-class platform and potential for long-term margin expansion but suggests waiting for a better entry point to buy shares as they remain fairly valued. However, he adds that any pullback following China's travel warning on Japan could present a buying opportunity, as significant business disruptions are unlikely. Morningstar maintains its fair value estimates at US$70.00 and HK$560.00 due to largely intact forecasts. Its ADRs last closed at US$72.44 and H-shares last traded at HK$572.50.(jason.chau@wsj.com)
(END) Dow Jones Newswires
November 18, 2025 23:34 ET (04:34 GMT)
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