Trip.com's Hong Kong shares slip most in two weeks on second-quarter net loss

Trip.com

16/09/2026 03:17

** Shares of Trip.com Group 9961.HK slip 3.1% to HK$301.6, on course for biggest one-day pct decline since September 3
** Stock down after two straight sessions of gains
** Second-biggest pct loser in both the benchmark Hang Seng Index .HSI and the Hang Seng TECH index .HSTECH, which are down 0.1% and 0.5%, respectively
** China's largest online travel platform TCOM.O posts Q2 net loss of 2.4 billion yuan ($357.56 million), compared to net income of 4.9 billion yuan a year earlier
** This is primarily due to 5.2 billion yuan anti-monopoly penalty by China's State Administration for Market Regulation 
** Q2 revenue grew 6% y/y, driven by resilient travel demand, while sales and marketing expenses increased 15%
** Jefferies, with "buy" rating, says Trip.com's total revenue in line with consensus, operating profit came in 4% ahead of consensus and non-GAAP earnings better than consensus
** YTD, stock down 44.85%, Hang Seng TECH Index .HSTECH down 22.6%
($1 = 6.7122 Chinese yuan)

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