Trip.com's HK shares slide on drop in quarterly net income

Trip.com

25/02/2025 02:52

** HK shares of Trip.com Group  9961.HK  slip 5.6% to
HK$495.2, lowest since January 14
    ** Stock set for biggest one-day pct decline since February
5
    ** U.S.-listed stock  TCOM.O  fell 3.5% on Monday
    ** Chinese one-stop travel platform operator's Q4 revenue
rises 23% y/y to 12.7 bln yuan ($1.75 bln)
    ** Q4 non-GAAP net income at 3 bln yuan vs year-ago 2.7 bln
yuan and 6 bln yuan in Q3
    ** "We view TCOM's 4Q24 revs solid while non-GAAP OPM might
be below some investors' expectation," Citi ("buy") says
    ** YTD, HK stock down 7.2%, while U.S.-listed shares down
5.8%

($1 = 7.2600 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))