CTRP: Expect Better 1Q19; Uncertainties Overhang The Near Term Growth of China’s Travel Industry
CTRP will report 1Q19 results on May 22nd after the markets close followed by an 8pm EST conference call. Based on our data and calculations, we expect CTRP to deliver a better 1Q19 on both revenue and profit. However, there are some moving pieces in 2Q19. On the one hand, the government extended the “5.1” holiday period longer than before, which is likely to boost travel demand; on the other hand, the trade war may put some pressure on travel demands to the US, which is yet to be proven.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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