Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

TRACKING TRAFFIC/Chinese Tourism: Macau Restrictions to Ease (For Some) | Trip.com Going Private?

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Tongcheng-ELong (780 HK) Q2 Results Reflect Changing Travel Patterns, Stubbornly High OpEx

TRACKING TRAFFIC/Chinese Tourism: Outbound=Dormant | Domestic=Fragile | PEK Covid19 | Dragon Boat

Chinese Travel: Latest Domestic Activity & Load Factor Data Suggest Stalled Recovery

Trip.com Q120 Results Weak as Expected, Q220 Guidance Far Worse than Expected

TRACKING TRAFFIC/Chinese Tourism: Outbound Travel Grinds to a Halt, Domestic Travel Keeps Rising

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Capital Markets

On July 28, several media sources speculated that <a href="https://www.smartkarma.com/entities/trip-com-group-ltd" target="_blank" data-smartkarma-citation="entities:180:1" rel="noopener">Trip.com (TCOM US)</a> was working to de-list from NASDAQ. Rising China-US political tensions and sluggish recent share performance are the likely drivers of this move.A potential acquirer could emerge from a short list of existing strategic partners. Alternatively, new strategic investors or private equity firms could potentially join the bidding. All suitors must face the same fundamental questions in developing a bid for Trip.com, namely:<ul>
<li>Can Trip.com re-ignite strong revenue growth in China's maturing online travel market?</li>
<li>Can the company generate value from the commoditized ticketing segment?</li>
<li>Can Trip.com fend off growing competition from smaller OTAs and internal efforts of airlines and hotel chains?</li>
<li>And lastly, how does Covid19 alter the company's long-term growth prospects?</li>
</ul>

On July 28, several media sources speculated that Trip.com (TCOM US) was working to de-list from NASDAQ. Rising China-US political tensions and sluggish recent share performance are the likely drivers of this move.A potential acquirer could emerge from a short list of existing strategic partners. Alternatively, new strategic investors or private equity firms could potentially join the bidding. All suitors must face the same fundamental questions in developing a bid for Trip.com, namely:
Can Trip.com re-ignite strong revenue growth in China's maturing online travel market?
Can the company generate value from the commoditized ticketing segment?
Can Trip.com fend off growing competition from smaller OTAs and internal efforts of airlines and hotel chains?
And lastly, how does Covid19 alter the company's long-term growth prospects?


ナスダック上場廃止を目指すTrip.comだが、熱心な買い手は見つからず