Changes in Hong Kong stocks | Ctrip Group-S (09961) fell more than 4%, and the Q2 revenue growth rate was expected to fall to 3%-8% year-on-year, and travel demand may slow down due to multiple factors

The Zhitong Finance App learned that Ctrip Group-S (09961) fell by more than 4%, leading the blue chip decline for the time being. As of press release, it decreased by 4.6% to HK$328, with a turnover of HK$673 million.

According to the news, Ctrip Group announced last night that it will hold a board meeting on September 14 to approve and publish the company's financial results for the three months and six months ending June 30, 2026. Previously, the company expected net revenue for the second quarter to increase by about 3% to 8% year-on-year. Compared with the first quarter, the growth rate will slow significantly and will have a corresponding impact on profit margins and profit performance for the quarter. This result is mainly directly and indirectly affected by macro-adverse factors such as high energy prices and geopolitical fluctuations.

Furthermore, on July 25 of this year, Ctrip received an administrative penalty decision from the State Administration of Market Regulation. The total amount of fines was 5.18 billion yuan. Morgan Stanley released a research report saying that the Ctrip regulatory settlement eliminated long-term risks, and that overseas market share growth was maintained, but due to factors such as local macroeconomic headwinds, extreme weather, and geopolitical risks, tourism demand has slowed down. Damo lowered Ctrip's 2026-28 revenue forecast by 1 to 3%, and earnings per share by 2 to 7%.