Hotels, Resorts and Cruise Lines

Trip.com HK SDR 50to1

Today’s Key News Recap

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1118 | Dolphin Research Focus: 🐬 Macro 1. Today, both Hong Kong and A-shares collectively declined as the market's expectation for a December rate cut by the Federal Reserve continued to decrease. According to CME's &#34;FedWatch&#34;, the probability of a 25 basis point rate cut by the Federal Reserve in December has dropped to 42.9%, previously exceeding 70%. Federal Reserve Governor Waller also stated that if the job market rebounds, the necessity for an insurance rate cut will diminish. Additionally, the sell-off pressure on tech stocks and the Japanese bond market faced a sell-off wave due to concerns that the Kishida government will implement a large-scale fiscal expansion plan. Under multiple factors, global markets collectively declined...

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Xiaomi HK SDR 2to1

Baidu HK SDR 10to1

Global Markets Hit by 'Cold Wave'; Google AI Advances in Travel Services Track | Today's Important News Recap

Ctrip

Conference Minutes

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The following are the minutes of the FY25Q3 earnings call for $Trip.com(TCOM.US) organized by Dolphin Research. For an interpretation of the earnings report, please refer to &#34;Trip.com: Awaiting the Release of Overseas Profits.&#34; I. Review of Core Financial Information II. Detailed Content of the Earnings Call 2.1 Key Information from Executive Statements 1. Strong Market Demand: The global tourism industry is booming, with travel enthusiasm surging. Travel demand is skyrocketing, primarily driven by the robust vitality of domestic tourism in China and the steady recovery of outbound travel. Travelers are actively exploring new destinations, seeking authentic and in-depth cultural experiences...

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Tripadvisor

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Ameriprise Financial

Ctrip (Minutes): Marketing expenses will continue to rise in the peak season of 4Q

Financial Analysis

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After the US stock market closed on November 18, $Trip.com(TCOM.US) announced its financial results for the third quarter of fiscal year 2025. The performance remained stable, with both revenue and profit slightly better than expected. Specifically: 1. Overall performance remained stable: In general, Trip.com Group's net revenue for this quarter was approximately RMB 18.3 billion (excluding business tax), representing a year-on-year increase of 15.4%. The growth rate slightly slowed down compared to the previous quarter but was still slightly higher than the market expectation of 14.5%, indicating stable growth. In terms of profit, the adjusted operating profit, after adding back stock-based compensation, was RMB 6.2 billion, a year-on-year increase of 13%, slightly higher than the company's guidance of RMB 5.8-5.9 billion...

MakeMyTrip

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YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

JD HK SDR 10to1

Alibaba HK SDR 5to1

Ctrip: Awaiting the Release of Overseas Profits

Trip.com 3Q25 Quick Interpretation: Overall, Trip.com's performance this quarter remains generally stable and better than market expectations. In terms of trends, growth remains steady, but due to relatively high expenses, profit growth still slightly lags behind revenue growth. Specifically: 1. Growth: Total revenue increased by 15.4% year-on-year to 18.34 billion, with a slight deceleration quarter-on-quarter, but still slightly better than expected. In detail, the hotel business, which accounts for the largest proportion, saw a quarter-on-quarter slowdown of about 3 percentage points, partially offset by a slight acceleration in the ticketing business. More meaningful sub-segment growth details need to be observed in the conference call discussions. 2. Gross Profit: Mainly due to the higher proportion of overseas business, which has a lower gross margin, the overall gross margin this quarter still contracted by about 0.7 percentage points year-on-year, resulting in a 14.5% year-on-year increase in gross profit, slightly lower than the revenue growth rate, but still better than Bloomberg's consensus expectations. 3. Expenses and Profit: Similarly, mainly due to the investment in overseas business, expenses this quarter also maintained relatively high growth (+16.7% yoy), exceeding the growth rates of revenue and gross profit. The main driver was a nearly 24% increase in marketing expenses. As a result, with a slight narrowing of the gross margin and expansion of expenses, adjusted operating profit grew by 13% year-on-year this quarter, still in a period of profit margin contraction. However, the trend shows that the extent of profit margin contraction has narrowed compared to the previous two quarters and is better than the company's previous guidance. $Trip.com(TCOM.US) $TRIP.COM-S(09961.HK)

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1117 | Dolphin Research Focus: 🐬 Stocks 1. $BABA-W(09988.HK) $Alibaba(BABA.US) Alibaba announced that its personal AI assistant, Qwen APP, has officially started public testing, with simultaneous launches on the web and PC, and is available for free. The APP is built on the Qwen3 model, integrating dozens of functions such as AI photo editing and document reading, and plans to be integrated into various life scenarios. The international version will also be launched soon. On the first day of launch, due to traffic far exceeding expectations, many users reported issues such as entry congestion and unresponsive commands...

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ZEEKR Intelligent Tech

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GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

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Alibaba Qianwen App Goes Viral on Launch Day;Google Gemini 3.0 May Arrive This Week | Today's Important News Recap

Ctrip Donates 10 Million HKD to Aid Hong Kong Fire Victims

Huatai Securities Maintains Buy Rating for Trip.com, Raises Target Price to HKD 727

Ctrip's FY25Q3 Earnings Call Highlights Strong Market Performance

Tripcom Group Reports Q3 Non-GAAP EPS Of $3.87, Exceeding FactSet Estimate

Trip.com Group reports Q3 revenue of 18.3 billion yuan, beating expectations

Trip.com HK SDR 50to1 released FY2025 9 Months Earnings on November 17 After-Market (SGT), actual revenue SGD 8.519 B, actual EPS SGD 7.5498

Trip.com HK SDR 50to1 released FY2025 Q3 earnings on November 17 After-Market SGT, actual revenue SGD 3.323 B (forecast SGD 3.299 B), actual EPS SGD 5.1845

Trip.com Group Limited to Release FY2025 Q3 Earnings on November 18 After-Market SGT, Forecast Revenue SGD 3.33 B

Trip.com Group Limited released FY2025 Q2 earnings on August 27 After-Market (SGT), actual revenue SGD 2.642 B (forecast SGD 2.605 B), actual EPS SGD 1.2404

Trip.com Group Limited released FY2025 Semi-Annual Earnings on August 27 After-Market (SGT), with actual revenue of SGD 5.199 B and EPS of SGD 2.3664

Trip.com Group Limited released FY2025 Q1 earnings on May 19 After-Market (SGT), actual revenue SGD 2.554 B (forecast SGD 2.551 B), actual EPS SGD 1.1248

Trip.com Group Limited released FY2024 Annual Earnings on April 11 After-Market (SGT), actual revenue SGD 9.898 B (forecast SGD 9.877 B), actual EPS SGD 4.6028

Trip.com Group Limited released FY2022 earnings on April 11 After-Market (SGT), actual revenue SGD 4.081 B (forecast SGD 3.833 B), actual EPS SGD 0.4358

Trip.com Group Limited released FY2023 Q4 earnings on April 11 After-Market (SGT), actual revenue SGD 1.92 B (forecast SGD 1.899 B), actual EPS SGD 0.3606

Trip.com Group Limited released FY2024 Q4 earnings on April 11 After-Market (SGT), actual revenue SGD 2.375 B (forecast SGD 2.296 B), actual EPS SGD 0.5756

Trip.com Group Limited released FY2023 earnings on April 11 After-Market (SGT), actual revenue SGD 8.375 B (forecast SGD 8.235 B), actual EPS SGD 2.7811

Trip.com Group Limited released FY2024 Q3 earnings on November 18 After-Market SGT, actual revenue SGD 2.899 B (forecast SGD 2.857 B), actual EPS SGD 1.8133

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CLIFE MBeCW260203 29.4

HS Optimus

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HSI 29200MBeCW251230

Ctrip (TCOM.US, 09961.HK) Q3 2025 Earnings Conference Call