Ctrip: International Growth Star At Value Price [Seeking Alpha]
THE PRICELINE GROUP INC COMMON (PCLN)
US:NASDAQ Investor Relations:
ir.pricelinegroup.com/events.cfm
Company Research
Source: Seeking Alpha
Ctrip: International Growth Star At Value PriceSummaryCtrip, China's leading OTA platform, has been growing rapidly in the ~40% range this year and expanding earnings massively. 2017 will be its first fully profitable year.It's on track to do ~$4 billion in revenues this year, versus OTA leader Priceline ($13 billion), though the latter is only growing in the low teens.Ctrip is the largest player in China, and will get a huge boost from the country's growing middle class.The stock has seen a correction since its Q3 earnings release in early November, providing a well-timed buying opportunity.
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