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hknmtt » Comments » FXI
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Beijing Olympics May Have Negative Impact on Chinese Investments [View article]
Sell the stocks before Olympics is a wise choice. Ctrip and all the online travel booking companies in China will suffer from less business during the Olympics while hotels in Beijing might be the winners.
After the Olympics, Ctrip business will boom. I am sharing with you Chinese people's purchasing behavior. When the price is high and everybody try to avoid it. When they expect low price, they will buy. It doesn't matter whether the price is really low. Post Olympic travel to Beijing will be crazy especially during the National Day holidays from Oct 1 to 7.
And what's more, Ctrip's business is 70-80% business travel. After the Olympics, business travel will pick up fast, so Q4 performance will be pretty good.