Bottom line: Ctrip's offline travel alliance campaign looks like a shrewd move with good chances of success, while Tongcheng's move back into profits shows the sector is heading into a new stable period.
A couple of travel-related stories are in the headlines today, led by a blitz into the offline realm by leading online agent Ctrip (Nasdaq: CTRP). The other item has smaller rival Tongcheng reporting its first profit in four years, as it...
Bottom line: Ctrip's profits could double or more this year following its successful digestion of Qunar, providing some upside to its stock.
As earnings season for US-listed Chinese stocks hits full throttle, I thought I'd take a look at the latest results from Ctrip (Nasdaq: CTRP), which are sending mixed but generally positive signals. That's because Ctrip is in the process of digesting former archrival Qunar (Nasdaq: QUNR), which was the ...