Dahua Jixian published a research report sayingpremierroulette, Ctrip's first-quarter profit significantly exceeded expectations, with non-GAAP net profit reaching 40premierroulette.55 billion yuan, a year-on-year increase of 96.4%, which was 49% and 45% higher than the bank and market expectations respectively. The net interest rate increased by 11.6 percentage points year-on-year to 34%, which also exceeded the bank and the market's general expectations. Ctrip management estimates that revenue growth in the second quarter of 2024 will range from 11% to 16%, reaching 12.5 billion to 13 billion yuan, in line with current market expectations.
Dahua Jixian pointed out that the company's revenue growth trend continues. Earlier May Day holiday industry data also showed that outbound travel demand is still improving, which is believed to help promote the growth of the group's hotel booking and air ticket sales business, maintain the "Buy" rating, and the target price was raised from HK$433 to HK$556.