Agree. Also, Ctrip said it would issue about 5 million ordinary shares “solely for the benefit of Qunar employees.”which will dilute earning. Total ADR shares to QUNR is about 20 million shares pre-split.
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holding nicely above $100. shorts covering trying to drop it, but not working. looking for another breakout to above $120. my opinion
Statement of Cindy Wang, Ctrip - CFO :
Excluding share-based compensation charges, net income attributable to Ctrip's shareholders was $401m.
Other income for the third quarter of 2015 was $377m, primarily due to the gain recognized from the deconsolidation of Tujia as a result of the loss of control of Tujia after its recent financing in this quarter. The gain is primarily recognized for the difference between the fair value and the carrying value of the investment in Tujia as of the deconsolidation date.
CTRP 94% of current income is from one time only mainly from a $377 million gain from the deconsolidation of Tujia.
watch it fly up all next week. shorts have to cover or been slaughtered. keep buying and if you own place a $150 sell price on your orders. my opinion
CTRP 94% income is from one time accounting practice which is not real, real earning =$2.09-$1.965=$0.125.