1.15日报

Group 1 - Ctrip is under antitrust investigation, focusing on practices like "choose one from two" and algorithmic price discrimination, which may impact its stock price in the short term but is unlikely to affect its leading position in the long term [1] - Ctrip is perceived as the most expensive among domestic OTA platforms, but it offers higher service quality, especially in outbound travel, making its market position difficult to shake [1] - The travel industry differs significantly from e-commerce; in travel, the experience is paramount, and opting for cheaper options may ruin the trip [1] Group 2 - Morgan Stanley's analyst predicts Hong Kong property prices will rise by about 10% this year, following a 25% decline from 2021 to 2024 and a 5% rebound last year, driven by mainland buyers [1] - CITIC Securities reported a net profit of 30.05 billion, a year-on-year increase of 38.4%, with expectations for further growth this year despite uncertainties in valuation [1] - Gold, silver, and copper prices continue to rise, with market participants adjusting their positions accordingly [1] Group 3 - TSMC's better-than-expected performance has led to an increase in U.S. futures and a rise in domestic chip stocks, although Ctrip's antitrust issues have negatively affected sentiment across platform companies [2] - The market's reaction to Ctrip's situation is influenced by past events, leading to emotional selling [3] Group 4 - Following restrictions on financing ratios, trading volumes have decreased but remain around 3 trillion, with maintaining levels above 4,000 points expected to be manageable [4]