Ctrip Group-S (09961) rose 3% in the morning, now at HK$532, with a turnover of HK$0.353 billion.
gtja's research report stated that Ctrip's third-quarter revenue met expectations, with growth in hotel, transportation, and business revenue all at the upper limit of guidance, but the growth in group tour business revenue was lower than expected. Considering the higher base from the same period last year, the performance of transportation ticketing and hotel bookings during the period shows that the demand for tourism and services remains strong. The bank stated that Ctrip's third-quarter performance exceeded expectations, with stable revenue growth under a high base, and ideal cost control.