CTRIP 60.33$ = +10.369%

....TheStreet Ratings rates Ctrip.com International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook...

http://www.thestreet.com/story/12521774/1/...-the-industry-down.html?  

....As a leading OTA in a fast-growing travel segment, Ctrip looks well positioned. Tencent and Alibaba are also making efforts to tap into the travel market, as evidenced by Alibaba’s investment into Taobao Travel and Tencent’s investment into eLong and Tongcheng/17u. We note Alibaba’s market-place model would be difficult to integrate with Ctrip’s model though. As for Tencent, we note that as of 3Q13, Tencent had US$6.2bn in net cash, versus Ctrip’s current market valuation of US$7bn.

http://blogs.barrons.com/emergingmarketsdaily/...barrons&ru=yahoo  

Over the weekend, wooyun.org, a Chinese internet security monitor platform, said a security breach had been found on China’s largest online travel agency ctrip.com‘s (CTRP) website. Hackers would have been able to steal customer information including credit numbers.

Ctrip responded quickly. But Global Times, a communist party mouthpiece, did not sound positive:

   Ctrip said in a statement sent to the Global Times Sunday the problem was solved in two hours, but believed that 93 users may still face potential risks and contacted them on Saturday and Sunday by telephone to urge them to have their credit cards replaced.The company also noted it will cover the charges for card replacement.

This quick response seems unlikely to put an end to discussions among netizens over why the company had kept the sensitive credit card information, especially the CVV numbers that are the key to completing online transactions via credit card.

In this case, some of its website staff were careless and forgot to remove details like CVV numbers during previous system testing, he said.......

Oppenheimer analysts Ella Ji and Fiona Zhang are more forgiving and suggest we buy on dip:
http://blogs.barrons.com/emergingmarketsdaily/...al-says-oppenheimer/  

http://www.ariva.de/news/...-Million-Share-Repurchase-Program-4985252  

http://seekingalpha.com/article/...-struggles-under-massive-cash-pile
die wisssen einfach nicht wohin mit der ganzen Knete und machen deswegen Aktienrückkauf.....
That leads to my conclusion that Ctrip simply has too much cash and doesn't know what to do with it, prompting this buyback program.

The bigger problem for Ctrip lies in China's online travel market, which has plenty of growth potential, but is also sorely in need of consolidation due to the recent rise of many new players. Ctrip and eLong (LONG) were the market leaders for years, but more recently, have been joined by rapidly rising players like Qunar (QUNR), the money-losing company backed by online search leader Baidu (BIDU).

Another fast riser is Tuniu, which has hired investment banks to make a New York IPO to raise up to $100 million Then, there's Tongcheng, which recently raised 500 million yuan from a group of investors that included leading Internet firm Tencent .......  

Chinese were traveling more than expected in January and February, according to Piper Jaffray analysts Michael J. Olson and Andrew D. Connor, who raised their price target for online travel agency ctrip.com (CTRP) from $39 to $53.

Air traffic is up:

   Passenger volume growth (PAX) during Q1 through Feb. accelerated materially to +14% y/y compared to +6% y/y in Q4. We believe Ctrip is positioned to exceed the high-end of Q1 net revenue growth guidance of 25-30% y/y. We have, therefore, moved our Q1 net revenue growth expectation to 32% vs. our prior 30% estimate.

Hotels are generating more revenue:

   China hotel RevPAR during Q1 grew 4% y/y compared to 0% y/y in Q4, according to Smith Travel Research. Ctrip’s Q1 hotel revenue growth guidance of 25-30% y/y (in RMB) would be a decline from 37% y/y in Q4; with the STR data showing improvement, hotel revenue upside is realistic.

So how did Piper Jaffray raise Ctrip’s price target by such a large amount? To be sure, the analysts raised their 2014 and 2015 earnings per share estimates to $1.3 and $1.78 respectively, from $1.26 and $1.64.

But more importantly, the analysts’ new price target relies on a multiple expansion:

   We are increasing our Ctrip price target to $53 (was $39) based on 30x (was 24x) new 2015E EPS.This price target increase seems to come at a bad time, when high-growth stocks from consumer Internet to biotechnology worldwide are being sold off, on concerns their valuations are becoming pricey.

Last week, there was talk of a possible merger between Ctrip and Baidu‘s (BIDU) Qunar (QUNR), sending Ctrip’s shares up 10.4%. But that has not materialized.Ctrip slumped today, losing 9.6%, making it the worst performer among major Chinese Internet companies.http://blogs.barrons.com/emergingmarketsdaily/...xpansion-bad-timing/  

SHANGHAI, May 8, SinoCast -- Ctrip.com International Ltd. (Nasdaq: CTRP) revealed net operating revenue of CNY 1.6 billion or USD 254 million in the first quarter of 2014 ended March 31, rising 36% from a year earlier. Net profit reached CNY 115 million or USD 19 million, declining 25%, representing CNY 0.75 or USD 0.12 per ADS after being diluted.
News by QuoteMedia



SHANGHAI (IT-Times) - cTrip.com hat die Geschäftszahlen für das erste Quartal 2014 bekannt gegeben und konnte wieder mit massivem Wachstum aufwarten. Der Preisdruck in der Branche und steigende Werbeausgaben drückten jedoch aufs Ergebnis der chinesischen Online-Reiseagentur.

Um 36 Prozent auf 1,6 Mrd. Renminbi (etwa 185,3 Mio. Euro) stieg der Umsatz im zurückliegenden Quartal. Insbesondere von der neuen Mobile App profitierte cTrip.com. Hier stiegen die Buchungsvolumina, vor allem bei Hotelbuchungen, um 71 Prozent.
Das Nettoergebnis gab hingegen um 25 Prozent nach und erreichte einen Wert von 115 Mio. Renminbi. Ende 2013 hatte der Betreiber der Online-Reiseplattform angekündigt 2014 500 Mio. Renminbi Euro in Marketing- und Promotionsmaßnahmen investieren zu wollen. Das Marketingbudget wurde damit um 61 Prozent gesteigert.

Im zweiten Quartal 2014 will die cTrip.com International Ltd. (WKN: A0BK6U) den Umsatz um 30 bis 35 Prozent steigern.http://www.it-times.de/news/...m-des-wachstums-willen-104365/seite/2/  

Shortsqueeze wahrscheinlich

The U.S.-traded shares of Shanghai-based travel site Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) are breaking out today, up 6.6% this afternoon to trade at $64.76. In fact, CTRP tagged a fresh record peak of $65.20 earlier, joining 88 other securities hitting new annual highs on the Nasdaq today.

A bullish brokerage note appears to have sparked today's positive momentum. Overnight, Deutsche Bank raised its price target on CTRP to $74 from $58 and backed its "buy" rating on the shares. The new price target implies expected upside of nearly 22% from last Friday's close at $60.78 -- and it's well north of the stock's average 12-month price target of only $58.32. Today's pop has pushed CTRP above short-term pressure in the $62 region, which had capped the equity's progress since mid-June. The breakout above this level means that $62 could eventually switch roles to act as support for the stock -- similar to the technical transformation that occurred in the $56 area earlier this year.

a rush to cover by short sellers could help the shares of Ctrip.com International, Ltd. (ADR) firm up their newfound footing on the charts. Short interest accounts for 5.8% of the stock's float, and it would take 4.8 trading days -- nearly a week -- for all of these shorted shares to be repurchased. With CTRP surging higher, a capitulation by some of the weaker bearish hands could contribute to additional upside.

http://www.schaeffersresearch.com/commentary/...ations.aspx?id=121719  

Performance expected


Summary

   For Q2, Ctrip reported revenues of 1.7 billion Chinese Yuan or $278 million. Revenues increased 38% from 1.24 billion Chinese Yuan in the year ago quarter.
   The company’s profitability is expected to worsen as projected earnings are showing a 50% drop.
   Over the course of the 3rd quarter of 2014, Ctrip international expanded its existing strategic partnership with The Priceline Group Inc.
   Presently, Ctrip International is an attractive prospect for long-term investment, margins are expected to stabilize as the company’s investments and strategic partnerships start to generate returns.
..........
For the 3rd quarter of 2014, Ctrip International is expected to post revenues of $336 million, up almost 21% from the previous quarter's figures of $228 million. Earnings per share for the online travel agency are expected to amount to $0.2 per share. Overall, the company is expected to increase revenues by 33% over the previous year. The company's profitability on the other hand is expected to worsen as projected earnings are showing a 50% drop as compared to the previous year. Volumes from accommodation reservations are expected to increase 50% and volumes from transportation ticketing are expected to grow 75%. Ctrip international's earnings for the full fiscal year 2014 are expected to amount to $0.67 per share.......
http://seekingalpha.com/article/...ce-expected-margin-recovery-needed  

SHANGHAI, Jan. 21, 2015 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rentals and car services provider in China, and Ctrip (NASDAQ: CTRP), a leading travel service provider for hotel accommodation, ticketing services, packaged tours and corporate travel management in China, jointly announced the expansion of their business partnership to include deeper integration of travel products and services for individual and corporate clients in China.

Under the expanded cooperation agreement, Ctrip will integrate eHi's chauffeured car services, including airport pick-up and drop-off and other business transportation services, into its corporate and individual service offerings.......
http://www.prnewswire.com/news-releases/...partnership-300023515.html  

China has proposed revising its approach to regulating foreign investment. A good summary is here.WSJ  Investments in most sectors will be treated the same for foreigners and locals. A negative list will restrict foreign investment in certain sectors. China has published proposed rules for this new approach, but it does not include the negative list. A good working assumption is that the negative list will include most of the industries that are in restricted or prohibited categories on the current foreign investment catalog. The proposed law is here (in Chinese). The Ministry of Commerce will accept comments until February 17.

One of the important changes is that variable interest entity (VIE) arrangements are specifically covered. A VIE will be treated as foreign invested if it is foreign controlled. In the common Chinese use, VIEs sign a series of contracts with a Cayman Islands incorporated, publicly listed company or its wholly foreign owned enterprise (WFOE) subsidiary. Those contracts give control of the VIE to the public company and under the new rules make the VIE a foreign invested enterprise. That means the VIE cannot operate in sectors on the negative list.

But there is a twist. If Chinese individuals or corporations control the foreign company (parent companies of overseas listed Chinese companies are typically incorporated in the Cayman Islands) then the foreign company will be treated as a domestic company for purposes of the foreign investment rules. That would mean the VIE is treated as being controlled by a domestic company and would not be subject to the foreign investment rules.

Losers

Tencent (OTCPK:TCEHY), CTRIP (NASDAQ:CTRP), and other companies that are not controlled by the Chinese. Some overseas listed Chinese companies have not used the control structures. Their VIEs are likely to be treated as foreign invested enterprises, and will need to comply with the negative list. The regulator could give special permission for these companies to continue to use their VIEs, and I expect they probably will. An alternative may be for these companies to move their VIE to the Shanghai Free Trade Zone, which has indicated it intends to allow wholly owned foreign investment in e-commerce.....
http://seekingalpha.com/article/...96-chinese-vies-winners-and-losers  

shares climbed 21.4% to $56.03 after the company reported a narrower-than-expected loss for the fourth quarter. Share volume was 8.2 million, quadruple its all-day average .Ctrip reported an adjusted loss of 26 cents a share — or an 11-cent loss excluding stock compensation. Either way, it topped Wall Street forecasts of a 28-cent loss. Revenue rose 30% to $308.4 million. In local currency, revenue rose 33%, higher than Ctrip's forecast of 30%.

Read More At Investor's Business Daily: http://news.investors.com/technology/...look-strong.htm#ixzz3UwOHZeMA


 

.....

Ctrip.com International Ltd. (CTRP - Snapshot Report)

Chinese travel company Ctrip offers hotel accommodations, airline tickets and package tours. The company’s brand value has increased in recent years as it tapped into the growing middle class to sell leisure travel. It also caters to business customers.

Ctrip has a Zacks Rank #2 and a Momentum Style Score ‘A.’ The company has been topping expectations in recent history with the last four quarters averaging 19.3%. What’s more, estimates for 2015 and 2016 have jumped a respective 136.4% and 30.3% in the last seven days.

The shares jumped 13% over the past month (10%+ in the last five days following better-than-expected results).

http://www.zacks.com/stock/news/175918/...nal-stampscom-and-blue-nile

....A better-ranked stock in the Internet services - delivery industry is Ctrip.com International Ltd. ( CTRP), sporting a Zacks Rank #1 (Strong Buy).

http://www.zacks.com/stock/news/175875/...ps-stock-adds-61-in-session  

und vereinbarte Kooperation mit Expedia
http://seekingalpha.com/news/2541126-expedia-divests-elong

Chinese Internet stocks up strongly after Shanghai rally
Major gainers include Renren (RENN +10.4%), Youku (YOKU +14.1%), SouFun (SFUN +10.8%), Weibo (WB +4.4%), Dangdang (DANG +7.9%), Momo (MOMO +9.7%), and iDreamSky (DSKY +4.9%). Ctrip and eLong are also up sharply, following news an investor group featuring Ctrip bought a 62.4% stake in eLong from Expedia.
Renren, whose stable of online P2P lending investments has been drawing attention, is now up 31% since its May 12 Q1 report. Youku is up 33% since providing strong Q2 guidance to go with mixed Q1 results on Wednesday evening. Momo is up 44% since delivering market-pleasing Q1 results on Monday afternoon.

http://seekingalpha.com/news/...ocks-up-strongly-after-shanghai-rally  

Foreigners have missed the recent doubling of the Shanghai stockmarket, but investors can still take part in what is likely to be the trade of the decade, says GaveKal's Louis-Vincent Gave.

Mr Gave is the chief executive and co-founder of one of the most widely respected China research firms in GaveKal Dragonomics. The Hong Kong-based firm also manages money, and it's in his capacity as an investor that Gave finds himself enthusiastically describing himself as a "massive China bull".

His argument is essentially that the global investment community is under-exposed to Chinese stocks and bonds, but will be compelled to increase their exposure over the coming two or three years as Chinese financial assets begin to be included more fully in the global benchmarks that passive – and many active – institutional investors track.

The usual responses from outside observers to the more than doubling in the Shanghai Stock Exchange Composite Index in a year is regret at having missed it, followed by a degree of comfort, in as much that such a rapid move is likely to snap back just as quickly....

"So far it has been a liquidity-driven bull market. Money has come out of Chinese retail investors and into shares," he says. "But the tidal wave that is about to hit – and it is a tidal wave – is foreign investor money."

Gave's advice for Australian investors is blunt: "Either you get in front of it or you are going to be left chasing your tail. I believe we are at the beginning of a massive bull market.".....

.... the introduction of the Hong Kong-Shanghai Stock Connect program has handed foreigners access to listed Chinese companies. Meanwhile, Chinese policymakers are moving aggressively towards full convertibility of the renminbi. In November, the International Monetary Fund will meet to decide on whether to add China's currency to the select group reserve currencies, which currently includes the United States dollar, the euro, the British sterling, and the yen.

"I think that come November the IMF will vote 'yes'," Gave says.....
http://www.smh.com.au/business/markets/...-start-20150520-gh5zrd.html

China’s bulls have switched their attention to Shenzhen stocks ahead of a potential link with Hong Kong’s stock market later this year. Analysts expect China to inaugurate a link between Shenzhen and Hong Kong’s stock market sometime in the second half of this year, giving foreign investors direct access to Shenzhen shares and expanding the access mainland investors gained to Hong Kong last November with the launch of Shanghai-HK Stock Connect......

http://blogs.barrons.com/asiastocks/2015/05/22/...eek-at-7-year-high/  

http://www.nasdaq.com/article/...acked-but-data-intact-20150528-00085

BEIJING--Chinese online travel company Ctrip.com International Ltd. said Thursday that some of its servers had been hacked, causing disruptions to its website and mobile app services.

The Nasdaq-traded company said it suspected that some of its servers had been attacked by "unidentified sources," but that its customer data remained intact.

In a statement on its verified Weibo microblog account several hours after the disruption began, the Shanghai-based company said that that it was still investigating the cause of the problem and trying to restore service.

U.S.-based Priceline Group Inc. said this week it planned to increase its investment in the Chinese company, investing $250 million through a convertible bond after making a $500 million investment last summer. That could ultimately give Priceline about 10.5% of Ctrip's outstanding shares.  

http://www.prnewswire.com/news-releases/...nt-in-ctrip-300088454.html
und darf den Anteil an Ctrip erhöhen durch Ankauf von ADRs am Open Market

...Ctrip has granted permission to The Priceline Group to increase its ownership in Ctrip through the acquisition of Ctrip's American depositary shares in the open market so that, when combined with the shares issuable upon conversion of the new bond and the $500 million convertible bond issued to The Priceline Group in August 2014, The Priceline Group may hold up to 15% of Ctrip's outstanding shares.

This investment follows a commercial relationship established between the two companies in 2012, which was expanded in August 2014 along with the $500 million investment by The Priceline Group.  Immediately following issuance of the new $250 million bond and assuming conversion of the two bonds, The Priceline Group will own securities representing approximately 10.5% of Ctrip's outstanding shares.

Der Hackerangriff ist doch nur ein kleiner Husten
Zacks hat Ctrip auf strong buy !  

http://www.benzinga.com/analyst-ratings/...hase-and-too-hot-to-short?

Chahine said, suggesting that traders could easily get burned if the stock became volatile.

“I’ll sit back and see what the market does with it, and then decide...but would definitely not short it...because it's got momentum,” Chahine concluded.

Read more: http://www.benzinga.com/analyst-ratings/...;Filter=CTRP#ixzz3bSX6kwXE
 

interessanter Artikel wie man Momentum Players identifiziert und wer es diese Woche in die Liste geschafft hat
-CTRP ist darunter  (neben Goldman Sachs !)

http://www.nasdaq.com/article/...tum-stocks-investment-ideas-cm482463  

C.trip.com International a firm in the Internet Services – Delivery space, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, CTRP has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, CTRP was expected to incur a loss of 31 cents per share, while it actually incurred a loss of 26 cents per share, a beat of 16.1%. Meanwhile, for the most recent quarter, the company looked to incur a loss of 27 cents per share, when it actually incurred a loss of 15 cents per share instead, representing a 44.4% beat.

Thanks in part to this history, recent estimates have been moving higher for Ctrip.com. In fact, the Earnings ESP for CTRP is positive, which is a great sign of a coming beat. After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for CTRP, as the firm currently has a Zacks Earnings ESP of 133.33%, so another beat could be around the corner.

This is particularly true when you consider that CTRP has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile...

http://www.zacks.com/stock/news/179043/...again?cid=CS-QMED-FT-179043  

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.