10 stories mentioning HKG:9961Updated 11d ago
Every FINWIRES story that references HKG:9961, newest first.
Trip.com Group (HKG:9961) has an average rating of buy and mean price target of HK$456.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Hong Kong stocks closed higher on Monday as falling oil prices eased inflation concerns after the U.S. and Iran refrained from further military action.The Hang Seng Index gained 243.95 points, or about 1%, to close at 25,207.18, while the Hang Seng China Enterprises Index rose 94.32 points, or 1.1%, to 8,365.38.Oil prices fell more than $5 easing inflation concerns and mitigating expectations of a U.S. Federal Reserve rate hike ahead of Wednesday's policy decision. Investors also awaited earnings from major technology companies following recent scrutiny of AI-related spending.Among individual stocks, Auntea Jenny (HKG:2589) climbed more than 4% after forecasting up to a 60% increase in first-half profit.Trip.com (HKG:9961) gained over 3% after disclosing that it would comply with Chinese regulators' decision following a penalty for abusing its dominant position in the country's online hotel booking market.
China's State Administration for Market Regulation fined Trip.com (HKG:9961) 5.18 billion yuan for abusing its dominant position in China's online hotel booking market, according to a Saturday statement.It confiscated 1.66 billion yuan in illegal gains and imposed a 3.52 billion yuan fine, bringing the total penalty to 5.18 billion yuan.Authorities said Trip.com required some hotel operators to enter exclusive partnerships while forcing others to offer the lowest prices across platforms, restricting cross-platform operations and limiting hotels' pricing autonomy.The regulator also ordered Trip.com to end the illegal practices and refund 122 million yuan in order reserve funds deducted from hotel operators.In a Hong Kong bourse filing on Monday, Trip.com said it "sincerely accepts" the decision and will implement rectification measures in accordance with applicable laws and regulations.
China's State Administration for Market Regulation fined Trip.com Group (HKG:9961) 5.18 billion yuan "for abusing its dominant market position and engaging in monopolistic practices."The penalty comprises 1.66 billion yuan in illegal gains and a fine of 3.52 billion yuan, equivalent to 7.5% of its 2025 domestic revenue in China, the regulator said Sunday.SAMR also ordered Trip.com to fully refund 122 million yuan in hotel order security deposits that were compulsorily deducted from hotel operators, and to carry out a comprehensive rectification.In response to the regulator's action, Trip.com said it "sincerely accepts the decision and will adopt rectification measures.""The company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry," Trip.com said in a Hong Kong bourse filing on Monday.SAMR opened its investigation into Trip.com in January 2026 under China's Anti-Monopoly Law. The probe found that since 2020, Trip.com abused its dominant position in the online hotel booking platform market in China.These monopolistic practices include requiring "special brand" hotel operators to engage in exclusive partnerships and forcing "gold" and "unlicensed" hotel operators to offer the "lowest price across the entire network," among others, SAMR said.Trip.com owns booking platforms Ctrip, Skyscanner and Qunar.
Trip.com Group (HKG:9961) has an average rating of buy and mean price target of HK$468.83, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Trip.com Group (HKG:9961) has an average rating of buy and mean price target of HK$483.97, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Trip.com Group (HKG:9961) has an average rating of buy and mean price target of HK$483.97, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Trip.com Group (HKG:9961) has an average rating of buy and mean price target of HK$582.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Hong Kong stocks fell on Thursday as caution over lofty AI valuations outweighed upbeat earnings and forecasts from U.S. chipmakers.The Hang Seng Index fell 1.4%, or 335.27 points, to close at 23,076.91, while the Hang Seng China Enterprises Index dropped 2.0%, or 156.59 points, to finish at 7,608.38.Strong results from U.S. chipmakers Micron and Qualcomm helped ease some concerns over the AI rally, but investors remained wary that valuations had become stretched after gains.Meanwhile, benchmark oil prices fell Thursday to their lowest levels since before the conflict began as a preliminary U.S.-Iran agreement paved the way for shipping to resume through the Strait of Hormuz.Markets are now pricing in a 34.2% chance of at least a 25-basis-point rate hike at the Federal Reserve's July meeting and a 67% chance of a rate increase in September.In corporate news, Trip.com (HKG:9961) closed nearly 11% lower after posting a decline in first-quarter profit.Meanwhile, Alibaba (HKG:9988) declined over 4% after Anthropic accused it of using thousands of fake accounts to improperly extract capabilities from its Claude artificial intelligence model, according to a June 10 letter to US lawmakers, which was recently made public.The U.S. AI startup alleged that Alibaba generated more than 28.8 million interactions through 25,000 fake accounts between April 22 and June 5.
Trip.com (HKG:9961) posted net income attributable to shareholders of 2.50 billion yuan for the first quarter, down from 4.28 billion yuan a year earlier, according to a Thursday Hong Kong bourse filing.Earnings per share came in at 3.67 yuan, down from 6.09 yuan in the prior-year period.Net revenue increased 17% to 16.2 billion yuan from 13.8 billion yuan a year earlier.For the second quarter, Trip.com expects net revenue to increase 3% to 8% year over year, with margins and bottom-line results likely to come under pressure from macroeconomic headwinds.
