Ctrip.com International, Ltd.(CTRP)- NASDAQ
  • Wed, Aug. 31, 6:12 PM
    • Ctrip.com (NASDAQ:CTRP): Q2 EPS of -$0.17 beats by $0.02.
    • Revenue of $664M (+62.9% Y/Y) in-line.
    • Shares -2.85% AH.
    • Press Release
    | Wed, Aug. 31, 6:12 PM | 2 Comments
  • Wed, Aug. 31, 5:35 PM
    | Wed, Aug. 31, 5:35 PM | 2 Comments
  • Tue, Aug. 30, 5:35 PM
  • Tue, Aug. 2, 1:17 PM
    • July monthly performance was: +4.77%
    • AUM of $6.99M
    • 52-week performance vs. the S&P 500 is: -8%
    • No dividends were paid in July
    • Top 10 Holdings as of 6/30/2016: Tencent Holdings Ltd. (OTCPK:TCTZF): 8.99243%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.32846%, Alibaba Group Holding Ltd ADR (BABA): 8.29751%, Baidu Inc ADR (BIDU): 8.09289%, JD.com Inc ADR (JD): 7.18603%, Ctrip.com International Ltd ADR (CTRP): 5.75736%, NetEase Inc ADR (NTES): 3.16258%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.61595%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.59126%, New Oriental Education & Technology Group Inc ADR (EDU): 2.16007%
    | Tue, Aug. 2, 1:17 PM
  • Fri, Jul. 1, 8:25 AM
    • June monthly performance was: -1.59%
    • AUM of $8.78M
    • 52-week performance vs. the S&P 500 is: -20%
    • $0.21 in dividends were paid in June
    • Top 10 Holdings as of 5/31/2016: Tencent Holdings Ltd. (OTCPK:TCTZF): 8.58481%, Baidu Inc ADR (BIDU): 8.46586%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.40212%, Alibaba Group Holding Ltd ADR (BABA): 8.39867%, JD.com Inc ADR (JD): 8.17121%, Ctrip.com International Ltd ADR (CTRP): 6.09856%, NetEase Inc ADR (NTES): 2.85051%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.72358%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.32601%, New Oriental Education & Technology Group Inc ADR (EDU): 2.11677%
    | Fri, Jul. 1, 8:25 AM
  • Wed, Jun. 15, 6:07 PM
    • Ctrip.com (NASDAQ:CTRP): Q1 EPADS of -RMB3.49 beats by RMB0.13.
    • Revenue of RMB4.17B (+80.5% Y/Y) beats by RMB30M.
    • Press Release
    | Wed, Jun. 15, 6:07 PM | 5 Comments
  • Fri, Jun. 10, 5:36 PM
    • Top gainers, as of 5.25 p.m.: XHR +7.5%. NUS +6.8%. AUY +5.9%. IMMU +4.3%. RBS +3.2%.
    • Top losers, as of 5.25p.m.: ARMH -4.8%. CTRP -3.0%. BHI -2.1%. WFT -2.0%.
    | Fri, Jun. 10, 5:36 PM
  • Thu, Jun. 2, 8:44 AM
    • May monthly performance was: -2.75%
    • AUM of $9.39M
    • 52-week performance vs. the S&P 500 is: -26%
    • No dividends were paid in May
    • Top 10 Holdings as of 4/29/2016: Baidu Inc ADR (BIDU): 9.11%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.79%, JD.com Inc ADR (JD): 8.39%, Tencent Holdings Ltd. (OTCPK:TCTZF): 7.8%, Alibaba Group Holding Ltd ADR (BABA): 7.79%, Ctrip.com International Ltd ADR (CTRP): 5.75%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.69%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.3%, NetEase Inc ADR (NTES): 2.23%, WH Group Ltd (OTC:WHGRF): 2.13%
    | Thu, Jun. 2, 8:44 AM
  • Mon, May 2, 8:04 AM
    • April monthly performance was: +1.22%
    • AUM of $51.6B
    • No dividends were paid in April
    • Top 10 Holdings as of 3/31/2016: Baidu Inc ADR (BIDU): 8.96%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.91%, JD.com Inc ADR (JD): 8.71%, Alibaba Group Holding Ltd ADR (BABA): 8.04%, Tencent Holdings Ltd. (OTCPK:TCTZF): 7.8%, Ctrip.com International Ltd ADR (CTRP): 5.81%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.55%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.29%, NetEase Inc ADR (NTES): 2.26%, WH Group Ltd (OTC:WHGRF): 1.91%
    | Mon, May 2, 8:04 AM | 2 Comments
  • Mon, Apr. 25, 5:39 PM
    • Top gainers, as of 5.25 p.m.: KN +23.0%. TCS +21.1%. PETX +15.8%. SEED +12.3%. JMEI +12.2%.
    • Top losers, as of 5.25p.m.: CTRP -21.0%. NBR -4.9%. CNI -4.9%. CDNS -3.7%. GCI -3.5%.
    | Mon, Apr. 25, 5:39 PM
  • Mon, Apr. 11, 5:38 PM
    • Top gainers, as of 5.25 p.m.: SGYP +4.1%. FATE +4.0%. P +2.1%. TS +2.1%. GWB +2.0%.
    • Top losers, as of 5.25p.m.: CTRP -10.8%. JNPR -6.6%. AA -4.5%. SRC -2.7%.
    | Mon, Apr. 11, 5:38 PM | 5 Comments
  • Thu, Mar. 17, 11:30 AM
    • Ctrip (CTRP -2.7%) is lower after beating Q4 estimates and guiding for 75%-80% Y/Y Q1 revenue growth, after accounting for the consolidation of peer Qunar's (QUNR +4.4%) results following the end of Q4 - Ctrip owns 45% of Qunar's voting interests following an October deal with Baidu. Consensus, which doesn't account for the Qunar consolidation, is for 45.9% growth.
    • Qunar, which saw a major executive shakeup in January, is higher after beating Q4 estimates on the back of 148% revenue growth. On its earnings call (transcript), Qunar said it's declining to give formal Q1 guidance due to ongoing extension talks with hotel owners regarding the company's merchant hotel program, as well as its ongoing efforts to work with airlines to "clean up the agent market and eliminate the irregular behaviors by certain ticketing agencies on our platform."
    • Ctrip's Q4: Accommodation (hotel) revenue rose 41% Y/Y to RMB1.2B ($183M). Transportation ticketing revenue rose 61% to RMB1.2B ($192M) thanks to a 143% increase in ticket volume. Packaged tour revenue rose 50% to RMB350M ($54M). Corporate travel revenue rose 26% to RMB136M ($21M).

      Gross margin was flat Q/Q and up 400 bps Y/Y to 73%. Operating expenses rose 17% Y/Y (less than revenue growth of 50%) to RMB2.02B ($311M). Ctrip ended 2015 with $4.6B in cash and $4.8B in debt.
    • Qunar's Q4: Accommodation revenue rose 423.6% Y/Y to $82.6M. Flight revenue rose 84.7% to $98.2M. Mobile accounted for 75.3% of total revenue.

      Gross margin fell to 60.8% from 62.4% in Q3 and 73.5% a year ago. R&D spend rose 532.7% Y/Y to $236.5M, product sourcing spend 207% to $52.4M, sales/marketing 213% to $134.7M, and G&A (excluding one-time stock compensation expenses) 121.5% to $20.6M. Qunar ended 2015 with $1.1B in cash and $510M in debt.
    • Ctrip: Q4 results, earnings release
    • Qunar: Q4 results, earnings release
    | Thu, Mar. 17, 11:30 AM | 3 Comments
  • Wed, Mar. 16, 11:01 PM
    • Ctrip.com (NASDAQ:CTRP): Q4 EPS of $0.11 beats by $0.05.
    • Revenue of RMB2.87B (+50.3% Y/Y) beats by RMB60M.
    • Shares -4.1% AH.
    | Wed, Mar. 16, 11:01 PM | 4 Comments
  • Tue, Mar. 15, 5:35 PM
    | Tue, Mar. 15, 5:35 PM | 4 Comments
  • Sun, Jan. 31, 8:55 AM
    • Shares of Ctrip (NASDAQ:CTRP), the dominant online travel agency in China, are down 20% since November.
    • Despite weakness in the Chinese economy, travel spending rose 19% in 2015 and could triple by 2020.
    • Ctrip should be able to boost profit margins having completed the Qunar rollup; previously the two had been engaged in a margin-squeezing price war.
    • While the Chinese already book most of their flights online, only a quarter of hotel reservations are made online, which Ctrip can exploit.
    • Shares could rise 30% in the coming year.
    • Source: Barron’s
    | Sun, Jan. 31, 8:55 AM | 1 Comment
  • Fri, Jan. 22, 7:57 AM
    • Nomura has upgraded #2 Chinese e-commerce firm JD.com (NASDAQ:JD) to Buy, and hiked its target by $8 to $35. Online travel leader Ctrip (NASDAQ:CTRP) has been started with a Buy rating and $50 target. Search giant Baidu (NASDAQ:BIDU) has been downgraded to Neutral.
    • Regarding Ctrip, Nomura's Jialong Shi calls the company the best proxy for China's booming online travel agency market over the next decade, and deems it well-positioned to take advantage of industry growth thanks to its dominant market share and track record of execution.
    • JD +3.8% premarket to $27.70. CTRP +2.4% to $43.95. Both companies have seen their share of pain as global equity markets tumbled this month (with Chinese markets among the hardest-hit).
    • Baidu is brushing off the Nomura downgrade: Shares are up 1.1%. Nasdaq futures are up 1.9%.
    | Fri, Jan. 22, 7:57 AM | 1 Comment