Trip.com's Margins Likely Pressured by Aggressive Expansion -- Market Talk

Dow Jones

02-26

0703 GMT - Trip.com's margins could narrow in 2025 amid an aggressive expansion, CGS International analyst Lei Yang says in a research note. The analyst forecasts Trip.com's 2025 non-GAAP operating margin to narrow by 2.4 percentage point to 27.8% as the company plans to expand its international platform in Asia. The brokerage projects the online travel-booking platform's 2025 revenue to grow 15%, supported by its domestic, outbound travel and international businesses, the analyst notes. CGS International reiterates its add rating on Trip.com, saying the company should continue to benefit from strong travel demand and improved efficiency with wider use of AI tools. However, the brokerage trims its H-share target price to HK$604.00 from HK$638.00 due to likely weaker operating margins. Shares are last at HK$476.60. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

February 26, 2025 02:03 ET (07:03 GMT)

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The analyst forecasts Trip.com's 2025 non-GAAP operating margin to narrow by 2.4 percentage point to 27.8% as the company plans to expand its international platform in Asia. The brokerage projects the online travel-booking platform's 2025 revenue to grow 15%, supported by its domestic, outbound travel and international businesses, the analyst notes. CGS International reiterates its add rating on Trip.com, saying the company should continue to benefit from strong travel demand and improved efficiency with wider use of AI tools. However, the brokerage trims its H-share target price to HK$604.00 from HK$638.00 due to likely weaker operating margins. Shares are last at HK$476.60. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 02:03 ET (07:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trip.com's Margins Likely Pressured by Aggressive Expansion -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrip.com's Margins Likely Pressured by Aggressive Expansion -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-26 15:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0703 GMT - Trip.com's margins could narrow in 2025 amid an aggressive expansion, CGS International analyst Lei Yang says in a research note. The analyst forecasts Trip.com's 2025 non-GAAP operating margin to narrow by 2.4 percentage point to 27.8% as the company plans to expand its international platform in Asia. The brokerage projects the online travel-booking platform's 2025 revenue to grow 15%, supported by its domestic, outbound travel and international businesses, the analyst notes. CGS International reiterates its add rating on Trip.com, saying the company should continue to benefit from strong travel demand and improved efficiency with wider use of AI tools. However, the brokerage trims its H-share target price to HK$604.00 from HK$638.00 due to likely weaker operating margins. Shares are last at HK$476.60. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 02:03 ET (07:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048580855.USD","symbol_name":"富达大中华区A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514009536","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514009536","pubTimestamp":1740553380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0703 GMT - Trip.com's margins could narrow in 2025 amid an aggressive expansion, CGS International analyst Lei Yang says in a research note. The analyst forecasts Trip.com's 2025 non-GAAP operating margin to narrow by 2.4 percentage point to 27.8% as the company plans to expand its international platform in Asia. The brokerage projects the online travel-booking platform's 2025 revenue to grow 15%, supported by its domestic, outbound travel and international businesses, the analyst notes. CGS International reiterates its add rating on Trip.com, saying the company should continue to benefit from strong travel demand and improved efficiency with wider use of AI tools. However, the brokerage trims its H-share target price to HK$604.00 from HK$638.00 due to likely weaker operating margins. Shares are last at HK$476.60. 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The analyst forecasts Trip.com's 2025 non-GAAP operating margin to narrow by 2.4 percentage point to 27.8% as the company plans to expand its international platform in Asia. The brokerage projects the online travel-booking platform's 2025 revenue to grow 15%, supported by its domestic, outbound travel and international businesses, the analyst notes. CGS International reiterates its add rating on Trip.com, saying the company should continue to benefit from strong travel demand and improved efficiency with wider use of AI tools. However, the brokerage trims its H-share target price to HK$604.00 from HK$638.00 due to likely weaker operating margins. Shares are last at HK$476.60. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 26, 2025 02:03 ET (07:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}