NASDAQ:TCOM

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Trip*com Group Jumps 4.7% Premarket as International Travel Growth Supports Q2 Results

Trip*com Group (NASDAQ: TCOM) shares rose 4.7% in premarket trading Wednesday after the company reported second-quarter results showing resilient travel demand and particularly strong growth across its international operations.

Second-quarter net revenue increased 6% year over year to RMB15.7 billion ($2.3 billion). Revenue from Trip*com’s international platform surged more than 50%, while inbound travel revenue grew at a high double-digit rate. Non-GAAP diluted earnings per ADS reached RMB7.27 ($1.07), up from RMB7.20 a year earlier.

The company reported a GAAP net loss of RMB2.4 billion, largely due to a RMB5.2 billion ($763 million) anti-monopoly penalty imposed by China’s State Administration for Market Regulation. Excluding the penalty, net income would have been RMB2.7 billion, while non-GAAP net income attributable to shareholders reached RMB4.8 billion.

The premarket gain suggests investors are focusing more on the strength of Trip*com’s underlying business and rapid international expansion than on the one-time regulatory charge. Accommodation revenue grew 6%, packaged tours increased 8%, and corporate travel climbed 11%, although transportation ticketing revenue declined 1%.
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Author
European Investor 09-16-26
HSBC Downgrades Trip*com to Hold as Shares Slide 5.4%

HSBC cut its rating on Trip*com Group Limited (NASDAQ: TCOM) to Hold from Buy, setting a price target of $65 on the stock. Shares of the online travel platform fell 5.4% to $41.29 following the rating change, as investors digested the more cautious stance from the bank.

The downgrade marks a shift in tone from HSBC, which had previously held a more bullish view on the Shanghai-based travel company. With shares trading well below HSBC's $65 target even after the move to Hold, the bank appears to see the stock as fairly valued for now rather than positioned for further near-term upside, tempering the more optimistic call it had held previously.

Trip*com operates as one of Asia's largest online travel agencies, offering hotel bookings, airline tickets, package tours, and related travel services through its Trip*com, Ctrip, Skyscanner, and Qunar platforms. The stock's reaction to today's rating change reflects the market's sensitivity to shifts in analyst sentiment on the name, with the price drop closely tracking the announcement of the downgrade.
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Author
European Investor 09-03-26