Date of Report: October 14, 2024
Broker: CGS-CIMB Research
Company Overview
Trip.com Group Ltd (Stock Code: 9961) is a prominent player in the travel services industry, providing comprehensive travel services including accommodation reservation, transportation ticketing, packaged tours, and corporate travel management. The company is a leading online travel agency in China and is expanding its global footprint.
Technical Analysis Summary
Trip.com Group Ltd has been identified as a technical buy due to favorable market conditions and strong technical indicators. The key points of the analysis are as follows:
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Entry Price Recommendations:
- Investors are advised to enter the stock at the following prices:
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Stop Loss Level:
- A stop loss is recommended at 397.38 to minimize downside risk and protect against potential losses.
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Target Prices:
- The stock offers attractive upside potential with the following target levels:
- Target 1: 570.00
- Target 2: 608.60
- Target 3: 750.20
- Target 4: 783.00
Conclusion
Trip.com Group Ltd presents a strong buy opportunity, with well-defined entry points and multiple target levels for investors to consider. The stock’s technical indicators support a positive outlook, making it a promising investment in the travel services sector.
