大行评级丨大华继显：携程第三季业绩胜预期 目标价微升至727港元

Group 1 - The core viewpoint of the report is that Ctrip's third-quarter performance exceeded expectations, with revenue increasing by 15.5% year-on-year to 18.4 billion yuan, aligning with market expectations [1] - The non-GAAP net profit for Ctrip reached 19.2 billion yuan, indicating strong financial health [1] - Ctrip forecasts a revenue growth of 15% to 20% year-on-year for the fourth quarter, which is also in line with market expectations [1] Group 2 - The brokerage maintains a "Buy" rating on Ctrip, slightly adjusting the target price from 725 HKD to 727 HKD [1]