|Bid||40.32 x 1400|
|Ask||40.55 x 800|
|Day's Range||39.96 - 41.55|
|52 Week Range||25.00 - 51.91|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||56.70|
|Earnings Date||May 20, 2019 - May 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.02|
Ctrip CEO Jane Sun on the crash of an Ethiopian Airlines Boeing 737 Max 8, U.S. trade negotiations with China and the growing travel industry in China and the expanding use of AI in travel.
During President Xi Jinping’s state visit to Italy, Jane Sun, CEO of Ctrip International and Luigi Fiorentino, Head of Cabinet of the Minister of Tourism, signed a strategic cooperation agreement between Ctrip and ENIT. The agreement is an important milestone in the cooperation between the two countries in the field of tourism. President Xi Jinping’s visit, which promises to set the tone for the future of Sino-Italian bilateral relations, has attracted strong attention from all sides.
Imagine being a traveler from Beijing trying to book a rail ticket from Barcelona to Madrid during your tour of Europe. With Spain aiming to attract one million Chinese tourists by 20201, it is essential to offer them the best travel options in an accessible and convenient way. Amadeus’ new distribution agreement with Ctrip will allow around 90 million registered monthly active users globally of the Ctrip suite of brands easy access to tickets from Renfe, the national Spanish rail operator.
SHANGHAI , March 18, 2019 /PRNewswire/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate ...
Using the Global X MSCI China Consumer Discretionary ETF (CHIQ) as the gauge, it appears consumers in the world's second-largest economy are increasingly healthy. CHIQ is higher by nearly 23% year-to-date. The exchange traded fund, which tracks the MSCI China Consumer Discretionary 10/50 Index, is beating the largest US-focused consumer discretionary ETF by a margin of almost 2-to-1.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Ctrip.com (CTRP).
Ctrip.com International, Ltd. (CTRP), one of China’s largest integrated travel services companies (“Ctrip”), today signed an agreement with upscale global hoteliers Millennium Hotels and Resorts (MHR) to develop a global distribution strategy promoting MHR properties to Ctrip’s 300 million strong customer base. The agreement was announced jointly at ITB Berlin by David Zhou, Chief Business Officer for Accommodation Business Unit of Ctrip and Nayan Peshkar, MHR Senior Vice President – Digital, Distribution & Revenue Strategy.
Search Engine Players GOOG, BIDU, and YNDX Look for New Angles(Continued from Prior Part)Baidu partners with Ctrip Baidu (BIDU) has given research a top priority in its spending allocations. At least 15% of Baidu’s revenue goes toward funding
Alibaba (BABA) joins forces with Safaricom to enable Kenyans to make payments via their M-Pesa wallet while shopping on AliExpress.com.
Ctrip.Com (CTRP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
It has been more than a century since International Women’s Day came into being in the early 20th century. Now we are riding the surging tide of the fourth industrial revolution. When we look at each technological revolution and the expansion of education, we will find that the first and second industrial revolutions completed the physical equality between the sexes, and the third and fourth industrial revolutions made men and women more equal in knowledge and vision.
Ctrip.Com (NASDAQ:CTRP), which is essentially China's version of Expedia (NASDAQ:EXPE) or Tripadvisor (NASDAQ:TRIP), pulled off a standout fourth quarter. Somehow the company has been able to manage through the slowdown in the economy. So on the earnings news, Ctrip stock spiked by 15%. This puts the year-to-date return at 45%.Source: Thomas Galvez via FlickrHere's a look at the quarter: Net revenues jumped by 22% to RMB7.6 billion and earnings came to 9 cents a share. As for the Wall Street consensus, it called for RMB7.19 and a loss of 24 cents a share. So yes, it was a convincing beat.Consider that there was strength in the accommodation reservation segment, with lots of traction in the low-end hotel market. Air ticketing was also robust and the international business was a nice source of growth.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dow Jones Stocks to Buy In terms of the user base, it remains healthy. The transacting users for Ctrip and Qunar came to 135 million, up by a CAGR (compound annual growth rate) of 25% over the past two years. Interestingly enough, the demographics of the base continues to skew younger, with about 50% at under 30. This compares to a third in 2013. This is an encouraging indication that the Ctrip brand remains relevant. CTRP Stock and New InitiativesTo help boost engagement, Ctrip launched Trip Moments in December. It's a social media platform for customers to communicate about travel. Already Trip Moments has logged near one million posts about more than 6,000 destinations.But yes, there have been other important changes. In fact, for the past year, the company has been focused on a restructuring. One of the priorities has been to become more customer centric. To this end, the company has increased transparency and invested more in customer service. Keep in mind that Ctrip receives more than one million phone calls and ten million instant messages every day; they are answered within 20 seconds on average and closed at first contact 90% of the time. As a result, Ctrip has seen an impressive 35% increase in the Net Promoter Score (NPS).Next, CTRP has developed a new version of its platform, which now includes more small and medium size suppliers. This has meant more opportunities for monetization.Finally, there has been more emphasis on brick-and-mortar stores. Note that there are more than 7,000 franchises across 200 cities in China and a majority are in lower-tier cities. Bottom Line on CTRP StockWhen it comes to Ctrip stock, the long-term prospects do look promising. This is what CEO James Jianzhang Liang said on the earnings call:"From a macro perspective, it is projected that urbanization rate in China will increase to 70% to 80% from the current 50% within 10 years to 20 years, reaching the level of most middle-income countries. This translates to 10 million to 20 million predominantly young people moving to cities to live and work each year, and indicates that there is a huge consumption capacity still to be unlocked."But the short-term may be another matter for CTRP stock. Just this week the Chinese government announced that it was reducing the 2019 growth rate forecast for GDP from 6.5% to 6%. This is despite higher spending and lower taxes.Besides, CTRP stock is no longer cheap. After the big-run up since mid-December, the forward price-to-earnings multiple is at 34X. What's more, Wall Street's price target on CTRP stock is at $34.44, which is at a 14% discount to current price.Given all this, it's probably best to wait on this. It does look like much of the good news is already baked into the valuation.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Should Be Worried About a Data Dividend * 5 Cheap ETFs Worth Considering * 7 Cheap Stocks Under $5 That Could Soar Compare Brokers The post CTRP Stock Will Be a Great Buy Once It Cools off a Little Bit appeared first on InvestorPlace.
BERLIN, March 06, 2019 -- Ctrip Group, China’s largest OTA (Online Travel Agency), welcomes the travel industry to ITB Berlin, the world’s largest tourism trade fair..
Ctrip (NASDAQ:CTRP) reported its quarterly earnings results early today, bringing in a profit and revenue that surpassed what Wall Street called for in its consensus estimate, helping to lift CTRP stock nearly 20% on Tuesday.For its fourth quarter of the fiscal year, the China-based travel services provider amassed earnings of RMB 90 cents per share, well ahead of the loss ofRMB 24 cents per share that analysts polled by Investing.com projected. The figure was also stronger than the company's year-ago profit of RMB 54 cents per share.Ctrip added that its sales for the period came in at RMB 7.56 billion, which was stronger than the RMB 7.19 billion that the Wall Street consensus estimate called for. In the year-ago quarter, the business raked in revenue of RMB 6.17 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its fiscal 2018, net revenue increased $16 billion, which played a role in pushing it to become the third biggest online travel agency in the planet. The sales growth was fueled greatly by "robust growth momentum" linked with the company's international business during the year.For its first quarter of its fiscal 2019, Ctrip projects a revenue growth in the range of 18% to 23% when compared to its year-ago period, according to data compiled in a Bloomberg survey.CTRP stock was up about 19.8% during its regular trading hours by day's end on Tuesday following the strong quarterly earnings showing. Shares fell about 0.3% after hours today. More From InvestorPlace * 10 Blue-Chip Stocks to Lead the Market * 7 IPOs to Get Excited for in 2019 * 9 Best Stocks to Buy on U.S.-China Trade Optimism Compare Brokers The post Ctrip Earnings: CTRP Stock Surges on Q4 Beat appeared first on InvestorPlace.
was upgraded Tuesday by a number of analysts after strong fourth-quarter results for the Chinese booking site. Ctrip's price target was raised to $48 from $40 at Benchmark. Oppenheimer also raised its price target to $46 from $40.56, according to FactSet.
Ctrip Rose over 7% on Better-than-Expected Q4 EPS and RevenueFourth-quarter performance Ctrip.com International (CTRP) stock soared over 7% during after-hours trading yesterday after the online travel agency reported better-than-expected results for
Booking Stock Fell on Weaker-Than-Expected Q1 Outlook(Continued from Prior Part)PE multiple Booking Holdings (BKNG) stock is currently trading at a discounted PE valuation multiple to its peers Ctrip.com International (CTRP), TripAdvisor (TRIP), and
Ctrip’s two new partnerships, one with TUI Group’s Musement and the other with Rezdy, announced Monday, underscore the Chinese online travel giant’s strategy to strengthen its fast growing international business. This business includes Chinese overseas travel and its global brands outside China, Skyscanner and Trip.com. It accounts for a third of the group’s net revenue […] The post How TUI and Rezdy Fit Into Ctrip’s Growth Strategy Outside China appeared first on Skift.