Citi from "Big Banks": Expects Trip.com’s first-quarter revenue to meet expectations; the impact of the Middle East conflict on the company is controllable
Citigroup published a research report indicating that it expects Trip.com (09961.HK) to meet market expectations for revenue and adjusted operating profit in the first quarter of this year.
Looking ahead to the second quarter, the bank anticipates that the impact of the Middle East conflict will remain manageable, estimating that the contribution of these regions to Trip.com's outbound tourism and Trip.com revenue accounts for less than a mid-single-digit percentage, and that travel demand to these areas may shift to other regions. The bank believes that Trip.com has healthy travel demand and growth potential, maintaining a "Buy" rating for Trip.com (TCOM.US) in the U.S. stock market, with a target price of $82
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