As of August 7th, Ctrip (TCOM.US) pre-market trading in US stocks rose more than 1.1% to 42.7 US dollars; H-shares rose more than 4.8% today. In terms of news, Citigroup published a report stating that the State Council's "Opinions on Promoting the High-quality Development of Service Consumption" is positive for the mainland internet and media industries, clarifying the direction of support for catering, lodging, tourism, entertainment, and digital consumption. The bank expects that service consumption, including entertainment consumption such as music, movies, online games, and esports, tourism, and local services, will remain resilient in a weak macro environment. Among them, Citigroup reiterated its "buy" rating on Ctrip and listed it as one of the preferred stocks in the online travel agency (OTA) industry.
美股异动｜携程盘前涨超1.1% 花旗指其将受益于近期政策支持并重申“买入”评级
US stocks abnormal movements | Ctrip rose more than 1.1% before the market, Citigroup believes that it will benefit from recent policy support and reiterate its "buy" rating.
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