Group 1: Dundee Precious Metals - Dundee Precious Metals is engaged in the acquisition, exploration, development, mining, and processing of precious metals, holding a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Dundee Precious Metals' current year earnings has increased by 24.7% over the last 60 days [1] - The company's shares gained 32.5% over the last three months, outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [2] Group 2: Booking Holdings - Booking Holdings is one of the largest online travel companies globally, also holding a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Booking Holdings' current year earnings has increased by 0.9% over the last 60 days [3] - The company's shares gained 39.9% over the last three months, significantly outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [4] Group 3: Lloyds Banking Group - Lloyds Banking Group is a UK-based financial services company providing a range of banking and financial services, also holding a Zacks Rank 1 [4] - The Zacks Consensus Estimate for Lloyds Banking Group's current year earnings has increased by 2.6% over the last 60 days [4] - The company's shares gained 27% over the last three months, slightly outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [4]

Group 1 - Booking Holdings plans to hold a conference call to discuss its second quarter 2025 financial results on July 29 at 4:30 p.m. ET [1] - The financial results will be posted on the company's Investor Relations website at approximately 4:00 p.m. ET on the same day [2] - Booking Holdings is the leading provider of online travel and related services, operating in over 220 countries and territories through brands like Booking.com, Priceline, Agoda, KAYAK, and OpenTable [2]

Core Viewpoint - Trip.com Group Limited has completed its repurchase right offer for its 1.50% Exchangeable Senior Notes due 2027, with no notes being validly surrendered before the expiration of the offer [1] Group 1: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [3] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide cost-effective travel bookings and support [3] - Founded in 1999, the company was listed on Nasdaq in 2003 and on HKEX in 2021 [3] Group 2: Financial Information - The repurchase right offer for the Exchangeable Notes expired on June 27, 2025, and US$500,000,000 in aggregate principal amount of the notes will remain outstanding [1] - The existing terms of the Exchangeable Notes and the related Indenture will continue to apply [1]

Group 1 - Trip.com Group Limited has entered into a share repurchase agreement with MakeMyTrip Limited to sell a portion of its Class B ordinary shares for cancellation, aiming to optimize its investment portfolio and enhance shareholder returns [1] - After the proposed repurchase, Trip.com Group will remain the largest minority shareholder of MakeMyTrip and continue to support its growth [1] - To fund the repurchase, MakeMyTrip has launched an offering of convertible senior notes and a concurrent underwritten public offering of ordinary shares, with Trip.com Group agreeing to a 180-day lock-up period [1] Group 2 - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [2] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide travelers with informed and cost-effective travel bookings [2] - Founded in 1999, Trip.com Group was listed on Nasdaq in 2003 and on HKEX in 2021, with a mission to pursue the perfect trip for a better world [2]

Group 1 - Trip.com Group Limited has entered into a share repurchase agreement with MakeMyTrip Limited to sell a portion of its Class B ordinary shares for cancellation, aiming to optimize its investment portfolio and enhance shareholder returns [1] - After the proposed repurchase, Trip.com Group will remain the largest minority shareholder of MakeMyTrip and continue to support its growth [1] - To fund the repurchase, MakeMyTrip has launched an offering of convertible senior notes and a concurrent underwritten public offering of ordinary shares, with Trip.com Group agreeing to a 180-day lock-up period [1] Group 2 - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [2] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide travelers with cost-effective booking options and support [2] - Founded in 1999, Trip.com Group was listed on Nasdaq in 2003 and on HKEX in 2021, with a mission to pursue the perfect trip for a better world [2]

Summary of Tongcheng Travel Holdings Conference Call Company Overview - **Company**: Tongcheng Travel Holdings (0780.HK) - **Industry**: China Internet and Other Services - **Current Stock Price**: HK$22.10 (as of June 2, 2025) - **Price Target**: Increased from HK$26.00 to HK$28.00 Key Points Price Target and Valuation - The price target was raised by 8% to HK$28.00 due to updated foreign exchange assumptions, changing from Rmb7.5 to Rmb7.15 per US dollar, aligning with macro forecasts [1][4] - Bull case price target increased to HK$36.00 and bear case to HK$18.00, reflecting the adjustments in the base case [2] Earnings Estimates - Earnings per share (EPS) estimates for the fiscal years are as follows: - 2025: Rmb1.43 - 2026: Rmb1.66 - 2027: Rmb1.83 [4] Growth Drivers - Anticipated strong travel demand in China for 2025 as consumers shift spending from shopping to travel and experiences [13] - Market share growth expected from lower-tier cities, cross-selling initiatives, new business ventures, and international expansion [13] - Revenue growth projected at over 25% and non-IFRS EPS growth at over 10% for 2024-2026 [13] Financial Metrics - Transportation Gross Merchandise Value (GMV) estimates: - 2025: Rmb218.68 billion - 2026: Rmb244.92 billion - 2027: Rmb269.90 billion [20] - Accommodation GMV estimates: - 2025: Rmb5.42 billion - 2026: Rmb6.14 billion - 2027: Rmb6.83 billion [20] Risk Factors - Risks to price target include potential weaker-than-expected domestic business due to macroeconomic conditions in China, which could affect price-sensitive users in lower-tier cities [26] - Competition in lower-tier cities may intensify, impacting margins and requiring lower subsidies [21][26] Analyst Ratings - Stock rating remains "Overweight" with an attractive industry view [4][15] - Consensus rating distribution shows 91% Overweight and 9% Equal-weight [15] Market Context - The report indicates a WACC of 11.5% for Tongcheng, slightly higher than its peers due to its smaller size, with a terminal growth rate aligned with long-term GDP growth targets [9] Conclusion - Tongcheng Travel Holdings is positioned for growth in the travel sector, with a revised price target reflecting positive macroeconomic assumptions and strong demand trends. However, potential risks from competition and economic conditions in China warrant close monitoring.

Core Viewpoint - Trip.com Group Limited is notifying holders of its 1.50% Exchangeable Senior Notes due 2027 about their right to require the company to repurchase these notes for cash on July 1, 2025, under specific terms outlined in the Indentures [1][2][3] Group 1: Repurchase Right Details - Holders can require the company to repurchase all or a portion of their Exchangeable Notes, with a minimum amount of US$200,000 or integral multiples of US$1,000 [2][3] - The repurchase price will be 100% of the principal amount plus any accrued and unpaid interest up to July 1, 2025 [2] - The total outstanding amount of Exchangeable Notes as of May 27, 2025, is US$500,000,000, which means the total cash purchase price could reach US$500,000,000 if all notes are surrendered [2] Group 2: Timeline and Procedures - The opportunity to exercise the 2025 Repurchase Right starts on May 28, 2025, at 9:00 a.m. and ends on June 27, 2025, at 5:00 p.m. [3] - Holders must follow specific transmittal procedures outlined in the 2025 Repurchase Right Notice to exercise their rights [3] - Holders can withdraw previously tendered Exchangeable Notes until June 27, 2025 [3] Group 3: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [7] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide cost-effective travel solutions [7] - Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the company continues to expand its reach among travelers worldwide [7]

Group 1 - Booking Holdings' CFO Ewout Steenbergen will present at the Bank of America Securities 2025 Global Technology Conference on June 4th at 11:20 am PT / 2:20 pm ET [1] - A live audio cast of the presentation will be available to the public, with a replay accessible approximately 24 hours later [1] Group 2 - Booking Holdings is the world's leading provider of online travel and related services, operating in over 220 countries and territories [2] - The company operates five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable [2] - The mission of Booking Holdings is to make it easier for everyone to experience the world [2]

Core Viewpoint - Trip.com Group Limited will hold its annual general meeting of shareholders on June 30, 2025, in Shanghai, China, to discuss and approve resolutions as outlined in the meeting notice [1][2]. Group 1: Meeting Details - The annual general meeting is scheduled for June 30, 2025, at 9:30 a.m. Shanghai time [1]. - Shareholders of record as of May 30, 2025, are entitled to vote at the meeting [2]. - Holders of American Depositary Shares must act through The Bank of New York Mellon or other intermediaries to exercise their voting rights [2]. Group 2: Financial Reporting - Trip.com Group has filed its annual report on Form 20-F with the SEC, including audited financial statements for the fiscal year ended December 31, 2024 [3]. - The annual report is accessible on the company's website and the SEC's website [3]. Group 3: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [4]. - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide cost-effective travel solutions [4]. - Founded in 1999, the company was listed on Nasdaq in 2003 and on HKEX in 2021 [4].

Core Viewpoint - Trip.com Group Limited will announce its financial results for the first quarter of 2025 on May 19, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will cover the three months ended March 31, 2025 [1] - The announcement will be followed by a conference call at 8:00 PM U.S. Eastern Time on the same day [2] - The conference call will be available via live webcast and will be archived for twelve months [2] Group 2: Conference Call Details - Participants must pre-register to join the conference call [2][3] - Upon registration, participants will receive dial-in numbers and a unique access PIN [3] Group 3: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [4] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner [4] - Founded in 1999, the company was listed on Nasdaq in 2003 and on HKEX in 2021 [4]