Report
Marie Sun
EUR 147.86 For Business Accounts Only

Ctrip’s Operating Loss Continues to Narrow; FVE Increased to $50

Ctrip reported solid second-quarter results with a narrowed operating loss as a result of improved operating efficiencies. After new commission rules came in effect on July 1, 2016, Ctrip has seen significant volume decrease from the open platform business model for air ticket sales, but the volume increase from its online travel agent model largely offsets the decrease. We are increasing our fair value estimate to $50 per ADR from $41 after increasing our revenue growth forecast for transportat...
Underlying
Trip.com Group Ltd. Sponsored ADR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Marie Sun

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