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The latest update is out from Trip.com Group Ltd. ( (HK:9961) ).
Trip.com Group Limited has disclosed that China’s State Administration for Market Regulation has launched an investigation into the company under the country’s Anti-Monopoly Law. The online travel giant said it will fully cooperate with regulators and emphasized that its business operations remain normal, signaling that day-to-day services and customer offerings are not currently affected even as regulatory scrutiny intensifies around market competition in China’s internet and platform economy.
The most recent analyst rating on (HK:9961) stock is a Buy with a HK$684.00 price target. To see the full list of analyst forecasts on Trip.com Group Ltd. stock, see the HK:9961 Stock Forecast page.
More about Trip.com Group Ltd.
Trip.com Group Limited is a leading online travel services provider operating out of Asia, offering a range of travel-related products and services such as accommodation reservations, transportation ticketing, packaged tours and corporate travel management to global consumers and business clients.
Average Trading Volume: 1,790,508
Technical Sentiment Signal: Buy
Current Market Cap: HK$400.2B
See more data about 9961 stock on TipRanks’ Stock Analysis page.