反垄断重锤落下,3个压力测试看清携程股价反垄断调查消息公布后,携程股价短期承压。1月14日,携程港股收盘下跌6.49%,美股盘前一度跌超15%。在情绪波动之外,更值得关注的是:这次调查,对携程的盈利能力意味着什么?在反垄断语境下,不如先对它做一次财务层面的“压力测试”。1.盈利本质测试住宿预订收入主要体现携程的佣金规模。数据显示,2023年以来,携程的营业利润增速与住宿预订收入增速基本同步。这...
Source Link反垄断重锤落下,3个压力测试看清携程股价反垄断调查消息公布后,携程股价短期承压。1月14日,携程港股收盘下跌6.49%,美股盘前一度跌超15%。在情绪波动之外,更值得关注的是:这次调查,对携程的盈利能力意味着什么?在反垄断语境下,不如先对它做一次财务层面的“压力测试”。1.盈利本质测试住宿预订收入主要体现携程的佣金规模。数据显示,2023年以来,携程的营业利润增速与住宿预订收入增速基本同步。这...
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