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:

1. Entry Price Recommendations:

   • Investors are advised to enter the stock at the following prices:
     • 505.50
     • 439.80
     • 405.00

2. Stop Loss Level:

   • A stop loss is recommended at 397.38 to minimize downside risk and protect against potential losses.

3. 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.