Changes in Hong Kong stocks | Ctrip Group-S (09961) opened low and rose more than 4%, global business continues to be an important driving force for growth

The Zhitong Finance App learned that Ctrip Group-S (09961) opened low and rose more than 4%. As of press release, it had risen 3.98% to HK$32.36 billion, with a turnover of HK$1,369 billion.

According to the news, Ctrip Group released its financial report for the second quarter of 2026 today, showing that it achieved net operating income of 15.7 billion yuan during the period, an increase of 6% over the previous year; the adjusted EBITDA was 4.6 billion yuan, down from 4.9 billion yuan in the same period last year. In the second quarter, due to antitrust penalties by the State Administration of Market Supervision and Administration, the company confirmed a one-time fee of about 5.2 billion yuan, so a net loss of 2.4 billion yuan was recorded; without considering the impact of antitrust penalties, net profit was 2.7 billion yuan.

The global business continues to be an important driver of the Group's growth. In the second quarter, Ctrip's international platform revenue increased by more than 50% year on year, and inbound travel revenue continued to achieve high double-digit year-on-year growth from the previous high base. Bank of China International pointed out that after market expectations are clearly lowered, judging from the profit forecast for 2027, the company's valuation is expected to gradually increase. The bank maintains Ctrip's “buy” rating, with a target price of HK$428.