battenkill3reel| JPMorgan Chase: raises Ctrip target price to HK$550 to maintain "overweight" rating

JPMorgan Chase issued a report stating that Ctrip's share price has risen by about 58% since the beginning of the year, significantly outperforming its peers. It is believed that this is due to the positive revaluation of its earnings forecast, the improvement of the overall valuation of the industry, and the improvement of medium-and long-term earnings prospects due to the recovery of travel demand. The bank remains positive for its 6-to 12-month stock price outlook, mainly due to structural improvements in local market marginsbattenkill3reel; The increase in outbound travel market share will drive profit growth in the next few quarters; and the strong growth of international online travel platform business will support the continuation of long-term profit growth.

The bank raised its target price for H-shares from HK$424 to HK$550, and raised its adjusted earnings per share forecast by 16% and 8% respectively this year and next, maintaining its "overweight" rating.

Tags:

Prev: electronicroulettewheel| "Understanding and understanding China is becoming increasingly important for global investors to make smarter decisions."
Next: tempestarcadegame| The real name of the stock bar "prophet" is announced! Holding 700 shares of "Zhongtong Bus" is restricted from trading!