金吾财讯 | 携程集团(09961)近期股价表现疲软，并下探至近4个月低位，截至发稿，报456.2港元，跌4.2%，成交额14.38亿港元。消息面上，野村研报指，在被疫情压抑后的需求带动下，携程集团于过去两年业绩亮眼。然而进入2025年，该行认为集团的增长或受旅客的需求、情绪及宏观环境而有所回落。该行预测携程集团2025年国内旅游收入将增8%，低于去年的10%。而出境旅游收入或在今年增18%，而去年为58%。该行指，国内及出境游业务的合计占约80%的市场份额，同时该行认为，入境游可能仍需一段时间才能变得有意义。
该行下调携程美股(TCOM US)目标价7%，由61美元降至57美元，维持“中性”评级。
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