Changes in Hong Kong stocks | Ctrip Group-S (09961) rose more than 5% in early trading, Citi expects Ctrip's third-quarter revenue of 18.9 billion yuan to meet market expectations

The Zhitong Finance App learned that Ctrip Group-S (09961) rose more than 5% in early trading. As of press release, it rose 4.36% to HK$325.8, with a turnover of HK$317 million.

According to the news, Ctrip is expected to announce its third quarter results from mid-November to the end of the month. Citigroup expects total revenue for the third quarter to rise 3% year-on-year to RMB 18.9 billion, in line with market expectations. The gross margin is expected to be 81.3%, the adjusted operating profit margin is expected to be 31.4%, and the adjusted profit is estimated to be about 5.3 billion yuan, in line with market expectations.

According to a research report released by China Merchants Securities, domestic demand for leisure travel has continued to be released since 2026, demand for summer travel has remained resilient, compounded by the growth in hotel supply and the continuous increase in the online rate, and the OTA industry's operating performance has been steady, moderate and positive. In terms of outbound travel, with the resumption of international routes and the release of residents' demand for cross-border travel, destination recovery performance is fragmented, and international business remains an important driving force for the long-term growth of leading OTAs.