Changes in Hong Kong stocks | Ctrip Group-S (09961) fell more than 3% in the afternoon, weak domestic travel demand, institutions expect the company's third quarter results to be under pressure

The Zhitong Finance App learned that Ctrip Group-S (09961) fell more than 3% in the afternoon. As of press release, it decreased by 3.28% to HK$312.8, with a turnover of HK$700 million.

According to the news, recently, the General Administration of Market Supervision, together with the Ministry of Culture and Tourism, held an administrative guidance meeting for the online hotel travel booking platform service industry. The Beijing Municipal Administration of Market Supervision opened a case investigation against four online hotel travel reservation platforms in accordance with the work arrangements of the General Administration of Market Supervision. Nomura believes that the Ctrip Group was not involved this time. Currently, it is believed that the importance and potential consequences of the relevant investigation are lower than the previous investigation of Ctrip by the General Administration of Market Regulation, so the impact on the companies involved is limited.

Lyon released a research report saying that it is expected that weak domestic travel demand and the impact of regulatory compliance will further suppress Ctrip's financial performance in the third quarter of 2026. Its domestic tourism revenue is likely to drop in the middle of a single digit year over year. The trend is likely to worsen in the fourth quarter of 2026 and the first quarter of 2027 before rebounding. The company continues to buy back shares to support the share price, and expects its moat to remain unchanged for a long time.