Tongcheng Elong (同程艺龙) Placement - No Big Deal
Shareholders of Tongcheng-Elong Holdings Ltd (780 HK) are looking to raise US$85m through a selldown of 43.5m shares.The deal scores well on our...
706 Views
(Some) Promises Kept in 1Q19, but Retaining Sell Rating and $36 Target Price for Ctrip.com
When Ctrip.Com International (Adr) (CTRP US) reported 4Q18 results in early March, management committed to two objectives in 2019: lifting market...
618 Views
Ctrip (CTRP): Highest Q1 Operating Margin Since 2014, Upgrade to HOLD
CTRP reached its highest Q1 operating margin in the past 6 years. We believe the growth rate ceiling of “transportation ticketing” is the growth...
563 Views
Tongcheng-ELong (同程艺龙) Potential Lock-Up Expiry Trade - US$1.3bn to Be Sold by Pre-IPO Investors
Lock-up arrangement on the majority of the pre-IPO investors of Tongcheng-Elong Holdings Ltd (780 HK) will expire on the 25th of May 2019. The...
598 Views
Re-Initiating Coverage of Ctrip.com: Challenges to Resurface in 2H19
Ultimately, low monetization and high Sales and Marketing expenses will prevent Ctrip.Com International (Adr) (CTRP US) from mirroring online...
399 Views