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Fly News Breaks for October 26, 2015
QUNR, BIDU, CTRP
Oct 26, 2015 | 08:55 EDT
Summit Research analyst Henry Guo calls Ctrip.com's (CTRP) share exchange transaction with Baidu (BIDU) a "huge positive." Baidu will own about 25% of Ctrip's voting interest and Ctrip will own about 45% of Qunar's (QUNR) voting interest. The deal "significantly increases the likelihood" of profitability improvement over the next couple of years for both companies, Guo tells investors in a research note. After the deal, Ctrip and Qunar are likely have 70%-80% of China's hotel and air ticket market, the analyst estimates. He maintains a Buy rating on Ctrip.com with a $122 price target.
News For CTRP;BIDU;QUNR From the Last 2 Days
BIDU
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
BIDU
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here