Tongcheng-Elong IPO Valuation: An Awkwardly Timed Trip
Tongcheng-Elong Holdings Ltd (780 HK), the third largest online travel agency (OTA) in China, was formed through the merger of Tongcheng Network...
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Ctrip.com (CTRP): Surpasses Expedia and Booking to Become the Largest OTA, Upgrade to HOLD
CTRP became the largest OTA (Online Travel Agency) worldwide based on GMV (Gross Merchandise Value). CTRP’s GMV reached USD100 billion in the...
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Last Week in GER Research: Softbank, Haidilao, Tongcheng-Elong, Ctrip and 360 Finance
Below is a recap of the key IPO and event-driven research produced by the Global Equity Research team. This week we update on Softbank Group (9984...
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ECM Weekly (10 November 2018) - SoftBank, Tongcheng-Elong, Sinochem Energy, Bitmain, Frontage
Aequitas Research puts out a weekly update on the deals that have been covered by Smartkarma Insight Providers recently, along with updates for...
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Ctrip.com (CTRP): Ticketing Began to Recover, But Margin Declined in Key Season, 15% Downside
* Ticketing revenues began to recover after last year's scandal. * Operating margin declined by 3.6pp in 3Q18 vs. 3Q17 and Q3 is always the most...
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