0110 GMT - Trip.com Group's profit margins could expand if the online travel agency is disciplined with spending, say Citi analysts in a note. The final quarter of the year is usually a low season for Trip.com's China business, which could drag margins to their lowest this year, they say. They expect 4Q adjusted operating profit margin to come in at 21.2% compared with 21.6% in the same period a year ago, but that could be wider if Trip.com stays efficient on its cost control, they say. Although its China business is likely to be soft in 4Q, the international segment is entering its peak season, which could drive overall revenue, they add. Citi raises its target on Trip.com's ADRs to $86.00 from $85.00. ADRs ended at $72.44. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 18, 2025 20:10 ET (01:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.