JPM Keeps Overweight on TRIP.COM-S; Regulatory & Other Risks Won't Affect Long-term Profitability
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JPMorgan maintains an Overweight rating on TRIP.COM-S, despite concerns over regulatory and market risks. The firm believes these risks will not significantly impact the company's long-term profitability. JPMorgan's analysis indicates that oil price shocks will have a manageable effect on TRIP.COM-S' non-GAAP EPS. The target price for TRIP.COM-S is set at HKD600, while Trip.comis set at USD75.
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