CTRIP 60.33$ = +10.369%

China's Ctrip Q4 net revenue up 58 pct, net profit up 102 pct yr-on-yr

Ctrip.com International Ltd (NASDAQ:CTRP) , a Chinese online travel operator, said it posted unaudited fourth quarter net revenue of 356 mln yuan and net profit of 135 mln yuan, up 58 pct and 102 pct year-on-year, respectively.

In a statement, the Nasdaq-listed company said diluted earnings per ADS were 1.96 yuan in the fourth quarter. Excluding share-based compensation expenses, diluted earnings per ADS were 2.28 yuan.

For full year 2007, net revenue rose 54 pct to 1.2 bln yuan, and net income climbed 66 pct to 398 mln yuan, Ctrip said. Diluted earnings per ADS were 5.84 yuan. Excluding share-based compensation charges, diluted earnings per ADS were 7.11 yuan, compared with 4.44 yuan in 2006.

The company added that it expects net revenue to grow 35 pct in 2008.

Ctrip plans to build a second call center this year after purchasing land rights in Nantong, which is about 110 kilometers north of Shanghai.

Ctrip's shares closed down 4.76 pct yesterday at 54.65 usd.

Earlier this week, Citigroup (NYSE:C) said it has a 75 usd price target on Ctrip.  

New fund raising by Ctrip and Tujia looks like far more than either company needs, and is part of a broader wave seeing Chinese Internet sites raise big funds to take advantage of strong investor sentiment.

Someone recently asked me why so many companies in China are currently rushing to raise cash, and, after some quick thought, I provided my best answer: Because they can. That seems to be the mentality among Chinese companies these days, including leading online travel agent Ctrip (Nasdaq: CTRP), which has just issued bonds to raise a cool $1.1 billion in new cash that it really doesn't need. But that statement isn't completely true, as Ctrip is in another headline that has it joining in a new $250 million funding round for Tujia, China's equivalent of Airbnb.

Ctrip moved very quickly in this latest fund raising, announcing its plan to issue up to $1 billion in convertible notes on Wednesday and then actually pricing the offering a day later (company announcement). The company upped its original fund-raising target to $1.1 billion in the final pricing announcement, indicating demand was probably quite strong for the notes among investors eager to cash in on China's rallying stock markets.

Ctrip had about $2 billion in its coffers at the end of March, meaning this latest fundraising will bring its total cash pot to about $3 billion, or more than a quarter of its current market value of about $11 billion.

The deal values Tujia at around $1 billion, meaning the partners in this latest funding round are probably buying around a quarter of the company. I've written several times over the last few years about Tujia, which previously raised $100 million in its third funding round last year (previous post).

I do like the business model, especially in China where many people own vacant properties and might want to fill them with the kinds of very short-term tenants offered by Tujia. .....

http://seekingalpha.com/article/...illion-invests-in-homegrown-airbnb
 

http://www.ariva.de/chart/images/...toch~R38~Uquarter~VCandleStick~W1  

durch ausländische Firmen möglich durch neues Pilotprogramm in China

http://seekingalpha.com/article/...-china-opens-escape-route-for-vies
Friday the Ministry of Industry and Information Technology (MIIT) issued a pronouncement (2015) 196 announcing a pilot program that appears to allow 100% foreign ownership of e-commerce businesses operating from the Shanghai Free Trade Zone.

I had anticipated this development as a way to let foreign companies using the VIE structure to operate e-commerce a way out of the proposed crackdown on VIEs under the new foreign investment law. The proposed law may limit the use of VIEs to situations where the foreign parent company is ultimately controlled by Chinese. Many of the overseas listed companies have Chinese control of the offshore company, either through stock ownership, dual class share structures, or special control arrangements. MNCs operating in restricted sectors would not be able to restructure to be controlled by Chinese, and face a possible ban from China.

The new MIIT rule provides an escape valve. It appears limited to companies operating in online data processing and transaction processing (operating e-commerce). It is unclear to me how far that definition will stretch.

Many foreign multinationals operate in China through the VIE structure. Only a few have disclosed this fact, since disclosure is only required when the VIE operations are material to the company as a whole. Amazon (NASDAQ:AMZN), CBS, and Pearson Education have disclosed the existence of Chinese VIEs. The new rule seems to help Amazon, and it is less clear whether CBS or Pearson Education will be able to take advantage of it.

The law might also be used by some of the overseas listed Chinese companies that will have difficulty complying with the new foreign investment law.
..Ctrip (NASDAQ:CTRP) does not have a dual class share structure or sufficient Chinese ownership to demonstrate Chinese control, and the new rule might provide an out for them.

It is also unclear to what extent operations will have to be moved into the Shanghai Free Trade Zone in order to qualify for the new rule. Such is the nature of Chinese regulation; implementation details will take some time, even though the new rule is already effective.

Many overseas listed Chinese companies are in the process of going private from the US exchanges with the intent to relist on China's frothy boards. I believe this trend is less motivated by changes in VIE rules than the high valuations currently available on Chinese exchanges.  

Bottom line: The move by a Ctrip vice president to the role of CEO at eLong represents growing ties between the 2 companies, with the former likely to make a buyout offer for the latter within the next year.

A new executive move between online travel leader Ctrip (NASDAQ:CTRP) and the smaller eLong (NASDAQ:LONG) shows that the pair of former rivals are moving closer together, hinting at a potential outright merger in the not-too-distant future. Such a merger would have been major news just 5 years ago, when this pair of companies were the 2 clear leaders in China's online travel sector.

Since then, however, eLong has sputtered under the ownership of US travel giant Expedia (NASDAQ:EXPE), which finally called it quits in May and sold its stake in the Chinese company. Ctrip was quick to jump in and purchase 37 percent of eLong for $400 million, and has now moved even closer to its former rival with this new executive move.......http://seekingalpha.com/article/...ts-cozier-with-elong-merger-coming  

Ctrip.com International Ltd.
carries a Zacks Rank #2 Buy and an Earnings ESP of +133.3%. The Chinese travel booking website has outperformed the Zacks Consensus Estimate in all the trailing four quarters with an average positive surprise of 19.31%. The company, slated to report on Jul 29, has a long-term earnings growth rate of 5.5%.

We believe Ctrip is seeing tremendous growth fueled by the growing middle class, increased consumerism in China, the shift from traditional to online media for booking travel and increased mobile usage.  

http://www.zacks.com/stock/news/181403/...ed-express-and-tripadvisor?  

http://www.prnewswire.com/news-releases/...015-us-time-300119526.html

sowas lässt mich stutzen, wenn der Termin verschoben wird ! hat gestern erheblich verloren  

http://www.prnewswire.com/news-releases/...ial-results-300122702.html

Highlights for the Second Quarter of 2015

   Net revenues were RMB2.53 billion (US$408 million) for the second quarter of 2015, up 47% year-on-year.
   Net commission earned (non-GAAP) was RMB2.49 billion for the second quarter, up 45% year-on-year. Net commission earned (non-GAAP) is calculated by deducting from the revenues the cost of transactions where the Company undertakes majority of the business risks, including the inventory risks*. The Company accounts for discount offered to the customers as reduction to its revenues, and certain significant discount may result in selling price lower than cost.
   Accommodation reservation volume increased 55% year-on-year, and accommodation reservation revenues increased 47% year-on-year, reaching RMB1.1 billion (US$178 million) for the second quarter of 2015.
   Transportation ticketing volume increased 106% year-on-year, and transportation ticketing revenues increased 45% year-on-year, reaching RMB1.1 billion (US$170 million) for the second quarter of 2015.
   Gross margin was 71% for the second quarter of 2015, compared to 72% in the same period in 2014, and 70% in the previous quarter.
   Net income attributable to Ctrip's shareholders was RMB143 million (US$23 million) for the second quarter of 2015, compared to RMB135 million (US$22 million) in the same period in 2014. Excluding share-based compensation charges (non-GAAP), net income attributable to Ctrip's shareholders was RMB296 million (US$48 million), compared to RMB246 million (US$40 million) in the same period in 2014.
   Diluted earnings per ADS were RMB0.90 (US$0.15) for the second quarter of 2015. Excluding share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB1.86 (US$0.30) for the second quarter of 2015.
   Share-based compensation charges were RMB153 million (US$25 million), accounting for 6% of the net revenues, or RMB0.96 (US$0.15) per ADS for the second quarter of 2015.

"We saw continued robust growth across all business lines," said James Liang, Chairman of the Board and Chief Executive Office.......

 

http://www.it-times.de/news/...raftig-erwartungen-ubertroffen-112687/


http://www.it-times.de/news/...raftig-erwartungen-ubertroffen-112687/
SHANGHAI (IT-Times) - Der Online-Reiseanbieter Priceline Group hat bereits viel Geld in Chinas führende Online-Reiseagentur cTrip.com International gesteckt. Die dankt die Investitionen mit einem kräftigen Wachstum. Sowohl Umsatz- und Ergebnis wurden übertroffen.

cTrip.com International (WKN: A0BK6U) hat seinen Umsatz im jüngsten Quartal um 47 Prozent auf 407,7 Mio. US-Dollar gesteigert. Das Hotel- und Flugticket-Buchungsgeschäft wuchsen um 47 bzw. um 45 Prozent gegenüber dem Vorjahr. Die Bruttomargen verbesserten sich im jüngsten Quartal um 1,6 Prozentpunkte auf 71,1 Prozent, nachdem das Unternehmen die Vertriebs- und Marketingkosten um 6,1 Prozent gegenüber dem Vorquartal senken konnte.Mit einem bereinigten Nettogewinn (Non-GAAP) von 15 US-Cent je Aktie wurden die Gewinnerwartungen um 14 US-Cent je Aktie übertroffen. Für das laufende dritte Quartal 2015 erwartet cTrip.com ein Umsatzwachstum von 45 bis 50 Prozent gegenüber dem Vorjahr. (ami)


 

Summary

   CTRP's results beat top and bottom lines with better-than-expected guidance. Strength in air ticketing and hotels were evident.
   LONG privatization bid from Tencent could deliver higher mobile traffic and booking for CTRP, a key long-term positive.
   Partnership between Tencent-LONG-CTRP could be a negative for BIDU, as it develops its own O2O/Travel services.
.....

. I think the partnership with CTRP and Tencent, along with its stake in LONG will create the best of online ticketing and hotel offerings that BIDU may not match. In the most likely scenario, BIDU could fall further behind Tencent-CTRP-LONG and may need to pursue additional M&A to address its weakness. That said, I continue to believe Tuniu (NASDAQ:TOUR) remains an attractive acquisition target for either CTRP or BIDU given TOUR's strength in outbound tourism. I reiterate my bullish view on CTRP, Tencent and TOUR. I also stand firmly with my bearish view on BIDU.
http://seekingalpha.com/article/3402705-ctrip-still-the-one

 

also jetzt besitzt Baidu 25% von Ctrip und Ctrip dafür 45% von Qunar

http://www.ariva.de/news/...e-Exchange-Transaction-with-Baidu-5532409  

 

Summary

On October 26th, Ctrip announced a partnership with its chief rival, Qunar, and its backer, Baidu, through an exchange of shares.

According to Reuters, the deal's value is around $3.4 billion.

The current partnership might abate Ctrip's fear of a price war in the form of discounts and commissions and consequently prevent further erosion of its bottom line growth......

http://seekingalpha.com/article/...a-with-a-stake-in-rival-firm-qunar

 

http://seekingalpha.com/article/...p-beat-and-raise-ready-for-liftoff

Summary

Ctrip's 3Q15 was solid across all the key metrics. Revenue growth is sustainable, while the company's outlook remains strong.

Expect ongoing consolidation of China's OTA space; Tuniu remains an attractive candidate.

Ctrip is well positioned for the travel trend and consumption theme. It remains a top mid-cap pick.

Ctrip (NASDAQ:CTRP) reported a solid set of Q3 results, with revenue ahead of consensus, while EPS was largely in line excluding impact from the Tujia divestment. More importantly, guidance of 45-50% revenue growth was above consensus of 40%,.....
 

Tomorrow is a big day for several Chinese-based internet companies, including Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). Ctrip is a company that runs a China-focused travel agency via its website Ctrip.com, will be one of over a dozen companies added to the MSCI China Index. Based in New York, they, along with other companies such as Alibaba, and Baidu, have been absent from this index due to their location inside the U.S.....
http://ir.net/stock-news/110065/...lode-in-advance-of-msci-inclusion/

Absturz bei L&S???  

http://www.prnewswire.com/news-releases/...016-us-time-300230226.html  

http://www.smarteranalyst.com/2016/03/16/...r-2015-financial-results/

Net revenues were RMB2.9 billion (US$444 million) for the fourth quarter of 2015, up 50% year-on-year.
Net commission earned (non-GAAP) was RMB2.8 billion for the fourth quarter, up 49% year-on-year. Net commission earned (non-GAAP) is calculated by deducting from the revenues the cost of transactions in which the Company undertakes majority of the business risks, including the inventory risks*. The Company accounts for discounts offered to customers as reduction to its revenues, and certain significant discounts may result in selling prices lower than their corresponding costs.
Accommodation reservation revenues increased 41% year-on-year, reaching RMB1.2 billion (US$183 million) for the fourth quarter of 2015.
Transportation ticketing revenues increased 61% year-on-year, reaching RMB1.2 billion (US$192 million) for the fourth quarter of 2015.
Gross margin was 73% for the fourth quarter of 2015, compared to 69% in the same period in 2014, and remained consistent with the previous quarter.
Net income attributable to Ctrip’s shareholders was RMB76 million (US$12 million) for the fourth quarter of 2015, compared to net loss of RMB224 million (US$36 million) in the same period in 2014.......
 

Reiterated by Stifel to Buy, Lowers Price Target to $ 55
http://www.losangelesmirror.net/201603/17/...ice-target-to-55-333235/

Upgraded by Vetr Inc. to Hold The firm presently has a $43.08 price objective on the stock. http://www.financial-market-news.com/...-by-vetr-inc-to-hold/1028119/

Brean Capital Maintains Ctrip.com International Ltd. (ADR) to Buy with Price Target $56.00  http://www.streetedition.net/...-buy-with-price-target-56-00/6381176/

There are 9 analysts providing ratings for Ctrip.com International, Ltd. (NASDAQ:CTRP). 8 have given the stock a “Strong Buy”, 2 rate it a “Buy”, 0 are rating the stock a Hold,and none “Sell”. ..Investors should undoubtedly be looking ahead to the next company earnings release which is planned to go out on or around 2016-05-11. The consensus on the Street is anticipating that the firm will post earnings of $-0.73 per share for the quarter.....
http://www.clintongazette.com/...ctrp-analyst-recommendation-outlook/  

ist hier noch jemand aktiv? ich halte Ctrip für äusserst interessant mittelfristig. kurzfristig gefällt mir zusätzlich der Chart ganz gut. ich sehe hier ca 10% Erholung der "Krisen" der letzten Wochen.  

auf Reisende Chinesen in der Zukunft. Bin ca 10% im Minus. Plane allerdings auch nicht zu verkaufen.  

mir scheint als fehlt der Aktie der Schwung. mit den 2017er Zahlen stehen wir allerdings auch bei einem 60er KGV. Da ist schon viel Potential eingecasht. Charttechnisch sehe ich jedoch Aktuell kaum Gründe für einen Abschwung.  

Der Handel mit ADRs der Ctrip.com International wird ab 6. November 2019, 06:56 Uhr (UTC), bis auf weiteres, ausgesetzt.
Grund : Kapitalmaßnahme