Trip.com: Post-Investigation Plummet Offers Opportunity Given China's Tourism Tailwind
Trip.com is currently under investigation by the SAMR, which has led to a significant drop in its stock price. Despite this, the company's valuation remains competitive compared to its peers, trading at 11-12 times EV/EBITDA. The outlook for travel growth in China and ongoing buybacks present potential opportunities for investors.
- ▪Trip.com faces a SAMR antitrust probe with potential fines ranging from RMB 0.6 to 6 billion.
- ▪The company's stock has declined by over 40% from its pre-investigation highs.
- ▪Trip.com is trading at 11-12 times EV/EBITDA, which is below that of other Chinese tech companies.
Seeking Alpha files mainly under finance. We currently carry 5,979 of its stories.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://seekingalpha.com/"},{"@type":"ListItem","position":2,"name":"Stock Ideas","item":"https://seekingalpha.com/stock-ideas"},{"@type":"ListItem","position":3,"name":"Long Ideas","item":"https://seekingalpha.com/stock-ideas/long-ideas"},{"@type":"ListItem","position":4,"name":"Consumer ","item":"https://seekingalpha.com/stock-ideas/consumer-goods"}]}{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://seekingalpha.com/article/4905599-tcom-post-investigation-plummet-offers-opportunity-given-chinas-travelling-industry-tailwind"},"author":{"@type":"Person","name":"Michael…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Seeking Alpha.
Discussion
0 commentsMore from Seeking Alpha
