I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...

入境游持续升温：长沙入榜全国前20 "一个月前就订好了机票，不然价格肯定要涨。"周志豪和朋友约好在乌鲁木齐集合，"计划自驾北疆大 环线，阿勒泰滑雪、赛里木湖、可可托海，都是在短视频里刷到很久的地方"。 像周志豪这样选择"寒假先行"的大学生并非个例。去哪儿旅行数据显示，1月12日至19日，18—22岁大 学生乘机出行量环比增长近三成，占整体出行人群的21%以上，成为寒假初期增速最快的人群之一。 与此同时，春节出游的"家庭属性"也愈发明显。去哪儿旅行数据显示，春节期间亲子游占比超过三成。 携程平台上，国内亲子游预订占比已过半，30—50岁的中青年人群是出游主力，18岁以下儿童及青少年 的机票量占比达到23%。 从目的地看，冰雪与温暖形成"双主线"。哈尔滨、北京、上海、广州、深圳等城市热度居高不下；而福 州、昆明、大理等"慢生活""避寒型"城市也成为春节热门之选。 "寒假一放，我们就直奔新疆了。"1月15日，正在湖南中医药大学就读的周志豪已经和同学踏上旅途， 成为第一批"抢跑"春节档的年轻游客。随着全国高校陆续放寒假、2026年春节假期临近，春节旅游预订 明显升温，湖南、长沙热度持续攀升，入境游表现尤为亮眼。 春节 ...

Group 1 - Trip.com Group Limited has received a notice of investigation from the State Administration for Market Regulations of China regarding potential violations of the Anti-Monopoly Law [2] - Following the announcement of the investigation, Trip.com's American Depositary Shares (ADS) experienced a decline of over 17% [2] - Kehoe Law Firm is investigating potential securities fraud claims on behalf of investors of Trip.com [1][2] Group 2 - Kehoe Law Firm is a nationally recognized firm that focuses on protecting investors from fraud and misconduct, having recovered over $10 billion for clients [4] - The firm litigates various issues including securities fraud, fiduciary breaches, and antitrust violations [5]

Core Viewpoint - Trip.com (TCOM) is experiencing significant selling pressure, having declined 12.6% over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, with analysts predicting better earnings than previously expected [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - TCOM's current RSI reading is 29.39, suggesting that the heavy selling pressure may be exhausting itself, indicating a potential trend reversal [5]. - RSI helps investors identify entry opportunities when a stock is undervalued due to unwarranted selling pressure [3]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that TCOM's earnings estimates for the current year have increased by 0.3% over the last 30 days, which typically correlates with price appreciation [7]. - TCOM holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [8].

携程回应导游小黑质疑安全：携程始终维护客户信息安全，会记录相关反馈 携程回应导游小黑质疑 安全：携程始终维护客户信息安全，会记录相关反馈 【#携程回应导游小黑质疑安全#：携程始终维护客户信息安全，会记录相关反馈】#携程上的五钻级酒 店并不是五星级# 1月15日，#小黑导游首次发声解释硬刚携程#登上热搜引关注，据中国蓝新闻报道， 浙江网红导游@小黑诸鸣 公开质问携程用户信息泄露一事，"这么大的公司，这么强的技术力量，我们 的信息是怎么泄露出去的？""我们在你这订票，能得到安心的服务吗？" 此外，小黑诸鸣还称，携程意 图模糊行业标准，把酒店原本的五星级和四星级变成了"五钻四钻"，当消费者产生纠纷要维权时，该标 准则难以维护消费者权益。对此，@钱江视频 记者联系上携程官方热线，工作人员称携程始终维护客 户的信息安全，"对于我们来说，安全肯定是放在第一位的。"对于网络上出现的舆情，该工作人员表示 近期的事件都有在同步，消费者可以关注携程公众号，上面会有具体通告。而对于"五钻四钻"一事，携 程客服表示，APP上的五钻虽然写着"五星级"标准的酒店，并不是文旅局认证的五星级酒店，记者提出 这个"五星级"标准是不是由携程订的 ...

Group 1: U.S. Semiconductor Tariffs - The U.S. White House announced a 25% import tariff on certain semiconductors and related products starting January 15, aimed at encouraging domestic production and reducing reliance on foreign supply chains [2][7] - This policy has led to a significant market reaction, with U.S. stocks, particularly in the tech sector, experiencing declines on January 14 [2][7] - The tariff is expected to increase costs for related companies and disrupt the global semiconductor supply chain [2][7] Group 2: A-Share Market Regulations - The Shanghai and Shenzhen Stock Exchanges have raised the minimum margin requirement for financing purchases from 80% to 100% for new contracts, a move approved by the China Securities Regulatory Commission [2][7] - This adjustment is seen as a measure to reduce leverage and protect investor interests, promoting long-term stability in the A-share market [2][7] - Historical adjustments to this margin requirement indicate a pattern of regulatory intervention aimed at maintaining market health [2][7] Group 3: Housing Tax Policy - The Ministry of Finance, State Taxation Administration, and Ministry of Housing and Urban-Rural Development announced an extension of the individual income tax refund policy for home sales, effective from January 1, 2026, to December 31, 2027 [2][7] - This policy provides tax refunds for individuals selling their homes and purchasing new ones within a year, aimed at supporting housing improvements and reducing transaction costs [2][7] - The continuation of this policy is expected to facilitate housing circulation and promote a healthy market environment [2][7] Group 4: Ctrip Investigation - Ctrip Group is under investigation by the State Administration for Market Regulation for alleged monopolistic practices, leading to a sharp decline in its stock price by 18.8% in the U.S. and 6.49% in Hong Kong [4][8] - The investigation focuses on issues such as price transparency and profit margins for merchants, which may lead to regulatory changes in Ctrip's operations [4][8] Group 5: Xibei Restaurant Closures - Xibei is reportedly planning to close 102 stores, approximately 30% of its total, affecting around 4,000 employees, primarily in first- and second-tier cities [10] - The closures are attributed to high rental and labor costs, as well as insufficient recovery in dining consumption over the past year [10] - The challenges faced by Xibei reflect broader pressures within the Chinese restaurant industry, particularly for traditional Chinese dining establishments [10] Group 6: Central Bank Policies - The People's Bank of China announced several financial policies, including a 0.25 percentage point reduction in the re-lending and rediscount rates, and an increase in various loan quotas to support small enterprises and technological innovation [5][10] - These measures aim to guide financial institutions in supporting the real economy and facilitating structural economic transformation [5][10] Group 7: U.S. Stock Market Trends - U.S. stock markets experienced declines for the second consecutive day, influenced by geopolitical risks and the digestion of bank earnings reports [5][10] - Major indices, including the Dow Jones, NASDAQ, and S&P 500, saw downturns, particularly in technology and banking sectors [5][10] - Concerns over credit card interest rate reforms and criticisms of the Federal Reserve have contributed to market apprehension [5][10]

1月14日，据央视新闻报道，市场监管总局根据前期核查，依据《中华人民共和国反垄断法》，对携程集团有限公司涉嫌滥用市场支配地位实施垄断行为立 案调查。 同日，携程黑板报发布公告称，公司将积极配合监管部门调查，全面落实监管要求，与行业各方携手共建可持续发展的市场环境。目前，公司各项业务均正 常运行，将一如既往地为广大用户和合作伙伴提供优质的服务。 什么是"滥用市场支配地位实施垄断行为"？携程的哪些行为可能构成违法？如果查实，携程可能面临哪些处罚？ 北京京都律师事务所林斐然律师分析，在确定携程的确具有市场支配地位的前提下，对消费者"杀熟"、要求酒店商家"二选一"等行为，都有可能构成滥用市 场支配地位。一旦查实，携程可能面临数十亿元的罚款。 市场监管总局依法对携程集团有限公司立案调查。图/央视新闻 【1】何为"滥用市场支配地位实施垄断行为" 九派新闻此前报道，多位酒店商家反映携程私自修改房间定价，一旦发现携程上酒店定价高于其他平台，就会自动调低底价或让酒店产品参与促销，也不会 通知商家。商户取消"调价助手"功能后，又被强行恢复。 林斐然律师表示，这些情况并不能直接认定携程涉嫌"滥用市场支配地位实施垄断行为"。要判断其 ...

Core Insights - RF Industries Ltd reported better-than-expected fourth-quarter financial results, leading to a significant rise in its share price during pre-market trading [1][2]. Financial Performance - The company reported fourth-quarter net sales of $22.7 million, which represents a 23% increase from $18.5 million in the same quarter of the previous year and a 15% increase from $19.8 million in the third quarter of fiscal 2025 [2]. - Non-GAAP net income for the fourth quarter was $2.1 million, or 20 cents per diluted share, compared to $394,000, or 4 cents per share, in the fourth quarter of 2024 [2]. Market Reaction - RF Industries shares jumped 21.4% to $8.76 in the pre-market trading session following the announcement of its financial results [2].

Core Viewpoint - Ctrip Group is under investigation by the State Administration for Market Regulation for alleged monopolistic practices, including requiring merchants to choose between platforms and automatic price adjustments [4][5]. Group 1: Investigation and Complaints - The investigation was initiated following complaints from local regulatory bodies and businesses regarding Ctrip's alleged monopolistic behavior in the online travel agency (OTA) sector [5]. - The Yunnan Province Tourism Homestay Industry Association reported multiple complaints from its members about Ctrip's practices, including "choose one" clauses and unfair trading conditions [5][6]. - The association, which has nearly 7,000 member hotels and homestays, is collecting evidence of Ctrip's alleged monopolistic actions [6]. Group 2: Market Practices - Ctrip's practices reportedly include requiring certain merchants to delist their products from other OTA platforms, which raises concerns about market access for smaller platforms [6][7]. - Ctrip has adjusted its display rules for hotel listings, removing visual distinctions between "gold" and "special" merchant labels, which previously indicated a level of certification [7]. - A Ctrip representative indicated that the platform's pricing algorithm automatically adjusts merchant prices based on competitor pricing, which can lead to what is termed "price locking" [8]. Group 3: Market Share and Competition - As of the end of 2024, Ctrip's market share in the core hotel and travel market is estimated to be 56%, and when including its strategic investment in Tongcheng Travel, the "Ctrip system" holds nearly 70% of the domestic OTA market [9]. - This market dominance significantly surpasses competitors such as Meituan (approximately 13%), Fliggy (around 8%), and Douyin (about 3%) [9].

Core Viewpoint - The National Market Supervision Administration has initiated an investigation into Ctrip for suspected monopolistic behavior, citing the Anti-Monopoly Law of the People's Republic of China [3][17]. Group 1: Market Position and Financial Performance - Ctrip is recognized as the dominant player in the online travel market, controlling a significant portion of the industry, with a projected GMV market share of 56% in the hotel and travel sector for 2024, leading to a total OTA market share of 70% when combined with Tongcheng [4][19]. - In the third quarter of 2025, Ctrip reported revenues of 18.3 billion yuan, a year-on-year increase of 16%, and a net profit of 19.9 billion yuan, reflecting a staggering growth of 192.6% [5][20]. - Ctrip's net profit translates to approximately 216 million yuan per day, with a net profit margin of 32%, significantly higher than many of its internet peers [5][21]. Group 2: Market Influence and Competitive Practices - Ctrip's market influence has led to significant pressure on other platforms and merchants, with reports indicating that many small and medium-sized businesses feel they are working for Ctrip due to its dominant position [6][23]. - The company employs a tool called "Price Adjustment Assistant," which has been criticized for allowing Ctrip to unilaterally modify merchant prices without consent, thereby undermining merchants' pricing power and forcing them into price wars [10][23]. - Ctrip has also been accused of engaging in "choose one from two" practices, leveraging its market dominance to impose unfair competition on merchants, as highlighted by various regulatory investigations [11][24]. Group 3: Regulatory Response and Industry Implications - The investigation into Ctrip marks a significant regulatory response to the growing concerns over platform monopolies and their impact on small businesses, following a period of relatively lenient oversight [25][28]. - Recent government meetings have emphasized the need for a balanced development approach that benefits both platform enterprises and their operators, indicating a shift towards stricter regulations in the platform economy [12][26]. - The ongoing issues of high commissions, opaque fees, and unfair practices have created a challenging environment for small merchants, leading to calls for reform to ensure sustainable development in the platform economy [13][27].