livecasinosupersicbo| Dahua Jixian: Raising Ctrip's target price to HK$556, first-quarter profit significantly exceeded expectations

Dahua Jixian published a research report stating that Ctrip's first-quarter profit significantly exceeded expectations, and non-GAAP net profit reached 40livecasinosupersicbo.55 billion yuan, a year-on-year increase of 96.4%, which was 49% and 45% higher than the bank and market expectations respectively. The net interest rate increased by 11.6 percentage points year-on-year to 34%, which also exceeded the bank and the market's general expectations.

Ctrip management estimates that revenue growth in the second quarter of 2024 will range from 11% to 16%, reaching 12.5 billion to 13 billion yuan, in line with current market expectations. Dahua Jixian pointed out that the company's revenue growth trend continues, and earlierlivecasinosupersicboIndustry data for the May Day Labor Day holiday also shows that demand for outbound travel is still improving, which is believed to help promote the growth of the Group's hotel booking and air ticket sales business, maintain the "Buy" rating, and raise the target price from HK$433 to HK$556.