New Street Research - Trip.com Group Ltd (9961) ... New Street: TCOM 1Q22 Preview - Covid Lockdown Impacts 2Q

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New Street Research

Jin Yoon

New Street: TCOM 1Q22 Preview - Covid Lockdown Impacts 2Q

What’s New: We revise down our 2Q and FY22 estimates amid continued rolling lockdowns in places such as Shanghai and Beijing. In this note, we discuss the latest updates on the business including financial outlook, and travel demand in 2Q including Labor Day holiday.

Analysts:
Jin Yoon

04/05/2022 1 EN

Underlyings

Trip.com Group Ltd

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Trip.com TCOM US

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Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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New Street: TCOM 1Q22 Preview - Covid Lockdown Impacts 2Q

REG: Strategy: Alpha Picks - February 2024

Greater China Strategy Alpha Picks: February Conviction Calls

China Online Travel Agencies: Strong travel demand visibility into 2024.

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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