​Trip.com Group Limited (NASDAQ:TCOM) is one of the Cheap NASDAQ Stocks to Buy Now. Wall Street has a positive outlook on Trip.com Group Limited (NASDAQ:TCOM) since the company topped estimates during its fiscal Q3 2025 earnings release on November 17. ​On November 26, Yang Liu, CFA from Morgan Stanley, reiterated a Buy rating on the stock with a price target of $86. Earlier on November 20, Joyce Ju from Bank of America Securities raised the firm’s price target from $83 to $85, while reiterating a Buy rat ...

Core OTA business delivered healthy growth. In 3Q25, TC's core OTAbusiness revenue reached RMB4.6bn (83.7% of total revenue), up 14.9%YoY (2Q25: 13.7% YoY), and was 0.4% ahead of consensus driven bybetter- than-expected revenue growth in accommodation reservationservices and others. In 3Q25, transportation ticketing services/accommodation reservation services/other revenue achieved YoY growthof 9.0%/14.7%/34.9% (2Q25: 7.9%/15.2%/27.5%). The 12-monthaccumulated number of travellers served reached 2.0bn by en ...

Core Insights - Booking Holdings Inc. is recognized as one of the most profitable large-cap stocks to invest in, with a recent upgrade to Outperform by Wedbush and a price target set at $6,000 [1] - The company demonstrated strong global travel demand in Q3 2025, meeting expectations and showcasing its position as the best Online Travel Agency (OTA) globally [1][3] Financial Performance - Booking Holdings reported $50 billion in Gross Bookings for Q3 2025, reflecting a 14% year-over-year increase [2] - Revenue for the quarter reached $9.0 billion, growing by 13% compared to the previous year [2] - Adjusted EBITDA was reported at $4.2 billion, marking a 15% increase year-over-year, while Adjusted EPS surged by 19% to $99.50 per share [2] Strategic Initiatives - The company's Genius loyalty program and advancements in AI technologies, such as AI-powered chatbots and Smart Messenger, are highlighted as key differentiators that enhance customer and partner experiences [3] - Booking Holdings operates in the online and traditional travel and restaurant reservations sector, both in the US and internationally [3]

Core Insights - NusaTrip Inc, a leading integrated travel technology platform in Southeast Asia and Asia-Pacific, will present at NobleCon21 on December 3rd, 2025 [1] Company Overview - NusaTrip was established in 2015 and is headquartered in Jakarta, Indonesia, specializing in travel technology within SEA and APAC [4] - The company has partnerships with over 500 airlines and 650,000 hotels globally, and is the first Indonesian-based online travel agent to receive IATA accreditation [4] Growth Strategy - NusaTrip focuses on acquisitions of offline travel agencies as a key component of its growth strategy, having successfully acquired VLeisure and VIT in Vietnam [5] - The company is actively seeking to acquire travel agencies in various regions including PRC, Hong Kong, Philippines, Thailand, Singapore, Malaysia, India, and UAE [5] Event Details - Interested investors can attend the presentation at a discounted rate, with registration available through a provided link [2] - A high-definition video webcast of the presentation will be available the following day on the company's website and other platforms for 90 days [3]

Financial Data and Key Metrics Changes - Trip.com Group reported a net revenue of RMB 18.3 billion for Q3 2025, representing a 16% increase year-over-year and a 24% increase quarter-over-quarter, driven by robust travel demand [17] - Accommodation reservation revenue increased by 18% year-over-year to RMB 8.0 billion, and transportation ticketing revenue rose by 12% year-over-year to RMB 6.3 billion [17] - Adjusted EBITDA for Q3 was RMB 6.3 billion, compared to RMB 5.7 billion in the same period last year [19] Business Line Data and Key Metrics Changes - Outbound hotel and air bookings grew by close to 20% year-over-year, reaching about 140% of 2019 volumes [6] - Package tour revenue increased by 3% year-over-year to RMB 1.6 billion, with a significant 49% increase quarter-over-quarter [18] - Corporate travel revenue rose by 15% year-over-year to RMB 756 million, driven by more companies adopting managed corporate travel services [18] Market Data and Key Metrics Changes - Inbound travel bookings on the platform grew by over 100% year-over-year, reflecting robust international demand [9] - The Asia-Pacific region remains the largest source of inbound travelers, with Europe and the U.S. also seeing strong growth [9] - International bookings increased by around 60% year-over-year, with the Asia-Pacific region contributing over 50% to this growth [10] Company Strategy and Development Direction - The company aims to leverage AI innovation to enhance travel experiences and improve service delivery [5] - Trip.com Group is focusing on expanding its international presence, particularly in the Asia-Pacific region, while also enhancing its offerings for inbound travelers [48] - The company is committed to nurturing the broader travel ecosystem and supporting local economic development through strategic partnerships [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth of the travel industry, emphasizing the importance of enhancing services and empowering the broader ecosystem [16] - The company remains optimistic about the future of travel, particularly with the growing demand for diverse and immersive experiences [5] - Management noted that challenges in the market present opportunities to strengthen the company's foundation and expand its market share [38] Other Important Information - The company launched a free layover experience for travelers at Hong Kong International Airport, enhancing its offerings for international visitors [10] - The number of Old Friends Club members increased by over 70%, indicating a growing focus on catering to affluent and active seniors [11] Q&A Session Summary Question: Insights on AI's role in Trip.com's strategy - Management highlighted AI as a central pillar of the company's strategy, with significant growth in the use of AI-driven tools and a focus on enhancing user experiences [24] Question: Consumer behavior trends during national holidays - Management noted strong trends in long stays and long-distance travel during the national holiday, with outbound hotel and air bookings jumping over 30% year-over-year [28] Question: Recent trends in hotel and air ticket prices - Hotel and air ticket prices have shown a narrowing decline, with domestic hotel prices trending higher during the Golden Week [33] Question: Insights on consumer sentiment and outlook for 2026 - Management observed strong travel demand and a desire for immersive experiences, with a focus on enhancing products and services for evolving traveler needs [37] Question: Impact of competition in the China market - Management emphasized the importance of technology and customer service in maintaining a competitive edge, while also investing in improving efficiency across the industry [42] Question: Updates on international performance - International bookings increased by around 60% year-over-year, with a strong focus on the Asia-Pacific region driving growth [48] Question: Inbound travel growth catalysts - Management cited positive feedback from inbound customers regarding safety and hospitality, along with the convenience of visa policies as key growth drivers [53] Question: Marketing strategy and future plans - The marketing strategy delivered solid results, with plans to continue executing signature campaigns while adapting to emerging market trends [59] Question: Dynamics in the global market and competition - Management noted the potential for growth in the Asia-Pacific market and emphasized the importance of localized products and exceptional customer service [62] Question: Long-term positioning of destination services - Management indicated that the destination service business is expected to grow significantly, focusing on enhancing user experience and customer loyalty [68] Question: Outlook for operating expenses - Management plans to manage investments with discipline, adjusting spending based on market maturity and maintaining high standards for new hires [72] Question: Margin expansion outlook - Management stated it is too early to provide specific margin outlooks but emphasized ongoing improvements in operating efficiency as a key driver for future margins [76]

Core Viewpoint - Wedbush upgraded Booking Holdings Inc. from Neutral to Outperform with a price target of $6,000, highlighting the company's strong global presence, efficiency gains, and resilient travel demand [1]. Group 1: Company Performance - Booking Holdings is expanding its share in alternative lodging while improving cost structures, which allows for reinvestment to fuel long-term growth targets [2]. - In the third quarter, Booking reported solid results across all major metrics, with robust travel demand noted in every major region, particularly in Asia and other international markets [3]. - The company's shares had fallen approximately 8% over the past three months and were trading near the lower end of their two-year valuation range at around 17.6 times its 2027 GAAP EPS estimate [3]. Group 2: Financial Health - Wedbush highlighted Booking's strong free cash flow conversion, liquidity position, and consistent execution across key strategic initiatives [2]. - The firm reaffirmed its view that Booking is the best-positioned global OTA due to its scale, diversification, and proven operational discipline [4].

Financial Data and Key Metrics Changes - For Q2 FY 2026, revenue grew 48.5% year over year to INR 3,508 million (approximately $39.5 million) [3][9] - Adjusted EBITDA surged 218% year over year to INR 212 million (or $2.4 million) [4][9] - Profit for the period increased significantly to INR 98.8 million (or $1.1 million), compared to a loss of INR 0.3 million (or $0.1 million) in the prior year [4][10] Business Line Data and Key Metrics Changes - Corporate travel segment onboarded 34 new clients, adding an annual billing potential of INR 2.6 billion (or $29.5 million) [5] - Air ticketing adjusted margin increased 14.7% year on year to INR 1,016 million (or $11.4 million) [9] - Hotels and packages adjusted margin rose 28.6% year on year to INR 514.5 million (or $5.8 million) [9][11] Market Data and Key Metrics Changes - The corporate travel market in India is expected to reach around $20 billion by FY 2027, with online penetration at just about 20% in FY 2024 [4][5] - Total gross bookings across all segments increased 16.2% year on year to INR 2,050.48 million (or $231.0 million) [11] Company Strategy and Development Direction - The company aims to capture growth opportunities through expanded corporate client base and enhanced technology offerings [8] - Focus on digital adoption in both leisure and corporate travel segments, with a commitment to disciplined cost management and profitable scaling [8] - Ongoing restructuring efforts to streamline corporate structure across multiple jurisdictions [7][25] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand and consistent execution across corporate and consumer platforms, with a positive outlook for travel consumption due to tax reductions in India [6][8] - The corporate travel market is growing at approximately 8-9%, with the company growing at nearly double that rate due to technology adoption [15] - Management expressed confidence in moving forward with restructuring despite regulatory complexities [25] Other Important Information - The company has introduced a generative AI-powered travel assistant to enhance user experience [6] - Cash and cash equivalents stood at INR 2,207.8 million (or $24.9 million) as of September 30, 2025 [11] Q&A Session Summary Question: Corporate travel trends in India market - Management indicated that the corporate travel market is growing at about 8-9%, with the company growing at nearly double that rate due to technology adoption [15] Question: M&A potential to accelerate MICE business - Management continues to evaluate M&A opportunities but did not provide specific details at this time [16] Question: Status of restructuring efforts - Management stated that there are still steps to complete on their end, with an uncertain timeline due to multiple regulators involved [17][25] Question: Profitability of consumer business compared to corporate travel - The consumer business accounts for about a third of overall gross bookings and is expected to see gradual profitability improvement [24] Question: Timeline for restructuring completion - Management estimated that restructuring should take less than a year, but it is subject to regulatory approvals [26] Question: Plans to address valuation gap with peers - Management is working on introducing fungibility to shares to align US and Indian valuations [31][33]

November 10, 2025 02:38 AM GMT Recent correction should be viewed as healthy: Most stocks have eased off highs post earnings, with the sharpest near-term corrections in key large caps like, MMYT and Eternal. Although some stocks which saw positive consensus earnings changes post results have rallied in the past month, including Cartrade/TBO Tek (both not covered by MS). The internet index rallied sharply between mid-March and Sep 2025, +38% (vs. NIFTY +14%) and hence we see the recent correction as healthy. ...

Core Viewpoint - Booking Holdings (NASDAQ: BKNG) has underperformed the market recently, trading at $4,940 per share with a 4.9% loss over the past six months, compared to the S&P 500's 19.5% gain [1][9] Group 1: Company Performance - Booking has demonstrated strong long-term revenue growth, achieving a compounded annual growth rate of 17.6% over the last three years, surpassing the average growth of consumer internet companies [3] - The company has an excellent free cash flow margin, averaging 34.3% over the last two years, indicating strong cash profitability and the ability to reinvest and return capital to investors [5][4] Group 2: Customer Metrics - Average revenue per booking (ARPB) growth has been modest at 3.8% over the last two years, which raises concerns about the company's ability to monetize effectively [6][7] - The increase in room nights booked is a more relevant metric for assessing long-term business potential, and the company will need to monitor ARPB growth closely [7] Group 3: Investment Considerations - Despite recent underperformance, Booking's stock trades at a forward EV/EBITDA of 14.8, suggesting potential value for investors [9]

Core Viewpoint - NusaTrip Inc is currently facing a trading suspension by the SEC due to potential manipulation of its securities, which has led to inquiries from Nasdaq and a halt in trading [2][3][4]. Company Overview - NusaTrip Inc, established in 2015 and headquartered in Jakarta, Indonesia, is a leading travel technology platform focused on Southeast Asia (SEA) and Asia-Pacific (APAC) [6]. - The company is known for its acquisitions strategy, having successfully integrated travel agencies like VLeisure and VIT in Vietnam, and is actively seeking to acquire more travel agencies in various countries including China, Hong Kong, Philippines, Thailand, Singapore, Malaysia, India, and UAE [6]. SEC and Nasdaq Interaction - On October 9, 2025, the SEC suspended trading of NusaTrip's securities from 4:00 a.m. ET until 11:59 p.m. ET on October 22, 2025, due to concerns over potential price manipulation through social media recommendations [2][3]. - Following the SEC's order, NusaTrip responded to Nasdaq's request for information on October 15, 2025, but has not received further inquiries or a timeline for resolution from Nasdaq [4]. Trading Suspension Details - The SEC's action was based on recommendations made by unknown individuals on social media, which were perceived to artificially inflate the price and volume of NusaTrip's securities [3]. - NusaTrip has stated that it has not engaged in any price manipulation and is committed to cooperating fully with both Nasdaq and the SEC [4].