On September 19th, Ctrip (TCOM.US) rose 2.46% in pre-market trading, reaching $47.85. In terms of news, Goldman Sachs published a research report stating that due to the elasticity of tourism demand compared to broader domestic consumption, it maintains a forecast of a 16% compound annual growth rate for Ctrip Group from 2024 to 2027. At the same time, Goldman Sachs noted Ctrip's dominant position in China's outbound tourism and its expansion through its platform. Ctrip remains one of Goldman Sachs' top choices in the leisure/tourism sector in China, maintaining a target price of HKD 517 and a "buy" rating.
美股异动丨携程盘前涨超2.4% 获高盛列为中国休闲/旅游领域的首选之一
U.S. stocks move differently – Ctrip rose more than 2.4% before the market opened, being listed as one of Goldman Sachs' top choices in China's leisure/tourism sector.
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