Ctrip dives on CLSA downgrade, Qunar also off


A CLSA downgrade to Underperform has led Ctrip (CTRP -5.5%) to add to its 2014 losses; shares are now down 23% YTD. Chinese online travel rival Qunar (QUNR -6.3%) is also off sharply.

Ctrip and Qunar both fell hard yesterday as well. Concerns about the sales/margin pressure caused by strong promotional activity (particularly on mobile) could be a factor.

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Comments (5)
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Buying tickets on CTRIP is the best!

     

    In fact I bought a ticket close to noon and was delivered and paid for less than 2 hours later.
    10 Jan 2014, 10:54 AM Reply Like
  • Ken Sg
    , contributor
    Comment (1) | Send Message
     
    Customer Hot-line Service staff of CTRIP are of excellent quality & able to effectively deal with customers using multiple languages.
    10 Jan 2014, 11:47 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9816) | Send Message
     
    Stock is oversold and one of my top selections for '14
    Concerns about (Qunr) are overblown
    use the weakness to add or initiate a position at these
    levels

     

    http://seekingalpha.co...
    10 Jan 2014, 12:30 PM Reply Like
  • Isa_H
    , contributor
    Comments (19) | Send Message
     
    I like using Ctrip when I travel back to China. Their price for hotels are about the same as those offered by Expedia, however, the big advantage of using Ctrip to book hotel in China is, I think a lot of people didn't notice it, is you don't have to prepay for your hotel booking, you can pay when you finally there at the hotel. this worked great for me for my recent trip to China. I booked my hotel several months in advance, yet my credit card is not charged until I checked out from the hotel. You are practically looking at delayed payment of hundreds of dollars right there. And Ctrip also has great cancellation policies on hotel booking.
    10 Jan 2014, 01:14 PM Reply Like
  • Yiming Yin
    , contributor
    Comments (7) | Send Message
     
    Why are there suddenly so many Ctrip commercials in the comment?
    10 Jan 2014, 04:48 PM Reply Like
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