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Likes Received整体来看，$Trip.com(TCOM.US)本季度交付了一份如预期内强劲的财报。对比常态下 2019 年时的财务数据，营收和利润都有高双位数的增长，但相比市场本就较高的预期也缺乏更惊喜的表现。
换言之，单从 3Q 交付的业绩来看，对公司股价的促进作用可能有限。
不过目前关注和交易的逻辑，已落在了国庆后国内酒旅市场景能否继续保持较高的景气度，以及出境游接力复苏的情况。管理层在电话会中对后续的指引更为关键。
而从估值角度，携程 2023 年实现 Rmb95-100 亿左右的经营性净利润问题不大，剔除现金后对应当前市值 PE 倍数约在 16x，也已不那么饱满。若后续海外业务复苏强劲，或国内景气度滑坡的并不那么厉害，当前仍是有机会的。
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