Hong Kong stock market review: continues to be sold off
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The Hong Kong stock market continues to sell off consumer stocks, with TONGCHENGTRAVEL's stock price falling in the past two months. However, Trip.com is supported by the recovery of outbound travel business, and is expected to achieve a year-on-year growth of about 15% in Q2/Q3. Air ticket and hotel booking volumes have gradually recovered, and the international platform Trip.com is also expected to become a high-growth business. Ctrip holds a 15% stake in the Indian OTA leader MakeMyTrip, and the market remains cautious about domestic demand
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