智通财经网·2025-11-20 01:20Core Viewpoint - Ctrip Group-S (09961) reported third-quarter results that exceeded market expectations, with revenue and non-GAAP operating profit increasing by 16% and 12% year-on-year, respectively, indicating significant progress in traffic acquisition in both domestic and overseas markets [1] Group 1: Financial Performance - Revenue increased by 16% year-on-year [1] - Non-GAAP operating profit grew by 12% year-on-year [1] Group 2: Market Position and Strategy - The company is expected to maintain good growth in its core market until the fourth quarter of 2025 [1] - A stable competitive landscape in China will allow Ctrip to focus more on expanding its overseas market [1] Group 3: Analyst Rating and Price Target - The rating for Ctrip has been reaffirmed as "Buy" [1] - The target price has been raised from 630 HKD to 638 HKD [1]