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Trip Com Group Ltd (spons. ADRs) Stock , TCOM

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Trip Com Group Stock Snapshot

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trip.com china stock

2 Chinese Travel Stocks for a Covid Recovery (and their U.S. Equivalents)

Thanks to covid-19, travel in the u.s. is at a low. but in china, it’s picking back up. here are two chinese travel stocks to take advantage..

Roulette Gambling

Thanks to Covid-19, travel in the U.S. is at historic lows. But in China, it’s picking back up already. Here are two Chinese travel stocks to take advantage.

U.S. equity markets have rallied on recent news of effective Covid vaccines as investors, generally, seem to be looking ahead of the pandemic. And while the markets enjoy the luxury of looking six (or so) months ahead, we’re stuck in the reality of what’s likely to be a harsh winter. Your Thanksgiving probably looks much different than it did last year, with smaller gatherings, less travel, or even virtual celebrations. We’re all making do as best we can and, unfortunately, Christmas will probably look very similar.

Traveling is one of those luxuries that we’re all eagerly anticipating, and that sector also happens to have been hit particularly hard by this pandemic.

There’s value to be found in a number of travel companies, even in those segments (like cruise lines) which face a greater degree of uncertainty than the broader sector and have been forced to take on additional debt or dilute their share value through additional equity offerings. But as an alternative to making an educated guess about which cruise line is the least hampered, let’s take a look at travel stocks that may be better positioned to actually thrive.

The Return of Chinese Travel Stocks

The U.S. is, inarguably, in the midst of a third wave that is unlikely to abate until a vaccine is available nationwide or much more stringent measures are taken. Both of those prospects seem likely to hinder the recovery of domestic travel.

On the other side of the Pacific, however, things are starting to look much rosier. The Chinese government’s ability to implement and enforce draconian lockdowns has given them a significant leg up when it comes to slowing the spread of Covid-19. Whether or not we can accept the Covid statistics at face value, Chinese consumer sentiment is significantly improved. While travel (especially air travel) still faces headwinds, that sector is probably better positioned overseas than it is domestically.

So here are two Chinese travel stocks to consider for the Covid-19 recovery, and their U.S. equivalents for our (probably later) recovery.

2 Chinese Travel Stocks and their U.S. Equivalents

Trip.com Group (TCOM) , China’s largest online travel agency, experienced a surge in search traffic several weeks ago with the announcement of a Singapore-Hong Kong quarantine-free travel bubble. That travel bubble was recently postponed due to a Covid surge in Hong Kong, but the search spike reflects the same pent-up travel demand that we’re experiencing domestically.

TCOM has largely recovered from the pandemic-induced sell-off in March and is trading near its prior highs, but the company has a strong track record of earnings growth and is well positioned to benefit from a return of consumer spending, which has been lagging as China’s V-shaped recovery has been largely driven by manufacturing.

U.S. equivalent: Expedia Group (EXPE) , like Trip.com, owns a variety of subsidiary travel search and booking companies which collectively capture a majority of market share. Also like Trip.com, Expedia’s share price is trading near 52-week highs as the market prices in a return to normalcy. Absent additional government-mandated lockdowns, however, Trip.com is in a better position to navigate the next six to 12 months as we await widespread vaccine availability.

Melco Resorts & Entertainment (MLCO) , which develops and operates integrated resort casinos, has suffered from significantly depressed earnings for the last three quarters, which should come as no surprise given the more restrictive lockdowns in Europe and Asia. Notably, however, Melco has recently resumed construction on City of Dreams Mediterranean, which promises to be a one-of-a-kind gambling destination in Cyprus. While the project was delayed slightly, Melco still anticipates opening in 2021.

That project, coupled with a resumption in gaming in Macau (which has thus far lagged gaming demand recovery in the U.S. despite staggeringly different pandemic conditions), should find Melco well positioned to take advantage of consumer demand. While ongoing travel reticence may prevent Melco from capitalizing on the Chinese New Year early in 2021, the emergence of a vaccine and creative travel measures should drive a full recovery not long after.

U.S. equivalent: MGM Resorts (MGM) , which also took a significant earnings hit due to the pandemic, has actually seen revenues recover to roughly 40% of pre-pandemic levels. This is likely attributable to the United States’ overall resistance to lockdown measures and divergent attitudes between U.S. and Chinese consumers.

Former MGM CEO Jim Murren doesn’t expect a “robust recovery” until 2022, but expects Las Vegas to lead the way when live entertainment returns in full force.

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Brenda Goh is Reuters’ Shanghai bureau chief and oversees coverage of corporates in China. Brenda joined Reuters as a trainee in London in 2010 and has reported stories from over a dozen countries.

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Stock CTRP

Ctrip.com International Stock price Nyse

Us22943f1003, leisure & recreation, financials cny usd, chart ctrip.com international, latest news about ctrip.com international, latest transcript on ctrip.com international.

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Jane Sun, CEO of Trip.com:  €200,000 luxury stays sold out in seconds

Jane Sun, CEO of Trip.com: €200,000 luxury stays sold out in seconds

January 18, 2024 at 03:57 pm EST

Sector Travel Agents

  • Stock Trip.com Group Limited
  • Stock Ctrip.com International - Nyse

IMAGES

  1. 中国最大在线旅游公司:携程Trip.com Group Limited(TCOM)

    trip.com china stock

  2. Trip.com reveals latest ownership: Chairman Liang, major investor Baidu

    trip.com china stock

  3. Trip.com Group Opens 4.85% Higher on Hong Kong Trading Debut as China

    trip.com china stock

  4. How to Invest in China Stocks

    trip.com china stock

  5. Trip.com Raises $1.1 Billion in Hong Kong Second Listing

    trip.com china stock

  6. Investor’s guide to the Chinese stock market (2022 update)

    trip.com china stock

COMMENTS

  1. Trip.com Group Limited (TCOM) Stock Price, News, Quote & History

    The company was founded in 1999 and listed on the Nasdaq in December 2003. Analyst Report: Trip.com Group Limited Trip.com is the largest online travel agent in China and is positioned to benefit ...

  2. Trip.com Group Ltd (9961) Stock Price & News

    Get the latest Trip.com Group Ltd (9961) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

  3. TCOM Stock Price

    Trip.com stock price target raised to $45 from $36 at Mizuho Jan. 5, 2023 at 7:09 a.m. ET by Tomi Kilgore U.S.-listed Chinese stocks rise as China eases COVID-19 lockdown restrictions

  4. Trip.com Group Limited (TCOM) Stock Price, Quote & News

    Financial Performance. In 2023, Trip.com Group's revenue was 44.51 billion, an increase of 122.12% compared to the previous year's 20.04 billion. Earnings were 9.92 billion, an increase of 606.91%. Financial numbers in CNY Financial Statements.

  5. TCOM Stock Price Quote

    See the latest Trip.com Group Ltd ADR stock price (TCOM:XNAS), related news, ... Trip.com Shares Rise as China Travel Demand Fuels Earnings Beat. Global News Select Feb 22, 2024 5:14am.

  6. Investor Relations

    02/08/24. Trip.com Group Limited to Report Fourth Quarter and Full Year of 2023 Financial Results on February 21, 2024 U.S. Time. SHANGHAI , Feb. 8, 2024 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM ; HKEX: 9961), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and ...

  7. Trip.com Group Limited Stock price

    Transcript : Trip.com Group Limited, Q4 2023 Earnings Call, Feb 21, 2024. Feb. 21. Trip.com Q4 Non-GAAP Earnings, Revenue Rise. Feb. 21. MT. Earnings Flash (TCOM) TRIP.COM GROUP LIMITED Reports Q4 EPS $0.56. Feb. 21. MT. Trip.com Group Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2023.

  8. Trip.com Group Limited Stock price Hong Kong S.E

    PDF Report. Trip.com Group Limited Stock price Hong Kong S.E. Equities. 9961. KYG9066F1019. Leisure & Recreation. Market Closed - Hong Kong S.E. Other stock markets. 04:08:12 2024-03-22 am EDT.

  9. Trip.com Group Ltd (TCOM) Price & News

    Get the latest Trip.com Group Ltd (TCOM) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

  10. Trip Com Group Stock Price

    The latest Trip Com Group stock prices, stock quotes, news, and TCOM history to help you invest and trade smarter. ... KraneShares CSI China Internet ETF: 1.76: Government Pension Fund - Global (The)

  11. Ctrip Reports qq Quarter yyyy Financial Results

    For the third quarter of 2021, Trip.com Group reported net revenue of RMB5.3 billion (US$831 million), representing a 2% decrease from the same period in 2020. Net revenue for the third quarter of 2021 decreased by 9% from the previous quarter, primarily due to the reemergence of COVID-19 infections in certain regions in China.

  12. With 63% ownership, Trip.com Group Limited (NASDAQ:TCOM) boasts of

    Key Insights. Institutions' substantial holdings in Trip.com Group implies that they have significant influence over the company's share price. 51% of the business is held by the top 19 shareholders

  13. PDF Ctrip Reports qq Quarter yyyy Financial Results

    For the first quarter of 2022, Trip.com Group reported net revenue of RMB4.1 billion (US$649 million), which was flat comparing to the same period in 2021. Net revenue for the first quarter of 2022 decreased by 12% from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

  14. Trip.com: Positives Priced In (NASDAQ:TCOM)

    Robert Way. Elevator Pitch. I have a Hold rating assigned to Trip.com's (NASDAQ:TCOM) [9961:HK] stock.My prior write-up for Trip.com published on December 7, 2022 touched on how China's reopening ...

  15. TCOM: Trip.com Group Ltd

    Analysts Offer Insights on Consumer Cyclical Companies: Dick's Sporting Goods (DKS), Trip.com Group Ltd. Sponsored ADR (TCOM) and Ulta Beauty (ULTA) March 15, 2024TipRanks. Trip.com price target ...

  16. Trip.Com: Positioned To Recover As China Actively Attempts To Boost

    Trip.com is China's leading online travel and hotel accommodation booking agencies. With over 1.4 million hotels on its platform, it is by far the leader in China's Online Travel Agent (OTA) industry.

  17. Trip.com Stock: Recovery Will Still Take Time (NASDAQ:TCOM)

    Closing Thoughts. I continue to assign a Hold rating to TCOM's stock. Trip.com's share price has more than doubled from its 52-week low of $14.29 recorded on the March 14, 2022 trading day to $33. ...

  18. CTRIP.COM INTL Stock price Nasdaq

    Company Profile. Trip.com Group Limited is one of the leading Chinese travel agencies. The activity is organized around four sectors: - airline ticket sale; - hotel booking sale; - tour operator services; - other: sale of advertising spaces, travel guides, etc. The activity is ensured through Trip.com, Ctrip, Skyscanner and Qunar platforms.

  19. 2 Chinese Travel Stocks for a Covid Recovery (and their U.S

    2 Chinese Travel Stocks and their U.S. Equivalents. Trip.com Group (TCOM), China's largest online travel agency, experienced a surge in search traffic several weeks ago with the announcement of a Singapore-Hong Kong quarantine-free travel bubble. That travel bubble was recently postponed due to a Covid surge in Hong Kong, but the search spike ...

  20. Trip.com Q3 Beats Estimates, TCOM Stock Falls After Downgrade

    China's largest online travel platform, Trip.com ( TCOM ), posted better-than-expected third-quarter earnings as domestic travel demand recovered. But TCOM stock sank Tuesday after an analyst ...

  21. TCOM: 3 China Stocks Heading Towards Future Profits

    The more the government borrows, the more it can spend on initiatives that could boost the economy. In light of these encouraging trends, let's look at the fundamentals of the three best China stocks, beginning with number 3.. Stock #3: Trip.com Group Limited ()Headquartered in Shanghai, China, TCOM is a travel service company that offers accommodation reservation, transportation ticketing ...

  22. Trip.com: Upside Is Likely Priced In (NASDAQ:TCOM)

    While Trip.com's revenue growth is expected to be much higher in the coming year at 67.3% compared to mid-teens from peers, this will likely normalize in FY24. For instance, Seeking Alpha's ...

  23. China's state funds seen stepping up stock intervention after jump in

    Local stocks rallied as Trip.com closed at an all-time high and Nvidia's bullish forecast fuelled tech gains. China's onshore stocks also logged an impressive winning streak not seen since ...

  24. MV Dali

    MV Dali is a 91,128 gross tonnage container ship, completed in 2015 by Hyundai Heavy Industries, South Korea for Oceanbulk Container Management of Greece.In 2016 the ship was sold to Grace Ocean Pte Ltd., to be managed and operated by Synergy Marine Group, Singapore, where she was also registered.

  25. Apple's Cook opens new store in Shanghai to large crowds as China sales

    Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of this year, according to consultancy estimates. Cook, who was accompanied by Deidre O'Brien, Apple's senior vice ...

  26. Trip.Com, Tencent Under Pressure To Sell Tongcheng Stakes?

    A quiet stock exchange announcement this week showing a slight reduction in leading online travel agent Trip.com's (TCOM; 9961.HK) longtime stake in rival Tongcheng Travel Holdings Ltd. (OTCPK ...

  27. Ctrip.com International Stock price Nyse

    Trip.com Group Limited is one of the leading Chinese travel agencies. The activity is organized around four sectors: - airline ticket sale; - hotel booking sale; - tour operator services; - other: sale of advertising spaces, travel guides, etc. The activity is ensured through Trip.com, Ctrip, Skyscanner and Qunar platforms.