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Stock Market & Financial Investment News

News Breaks
November 16, 2012
07:13 EDTLONG, CTRPCtrip.com losing more market share to eLong, says Citigroup
Citigroup said eLong's (LONG) Q3 results show the company's hotel booking volume grew at 70% and revenue increased 24%, topping Ctrip.com's 40% volume and 11% revenue growth in the quarter. Citi believes Ctrip is losing market share to eLong and that eLong will not stop its coupon program. The firm reiterates a Sell rating on shares of Ctrip.com.
News For CTRP;LONG From The Last 14 Days
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August 21, 2015
05:21 EDTLONGeLong retains financial advisor, legal counsel
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August 20, 2015
07:20 EDTCTRPCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
August 14, 2015
05:55 EDTCTRPCtrip.com pullback a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Michael Olson views the recent pullback in shares of Ctrip.com as a buying opportunity and reiterates an Overweight rating on the name with a $91 price target. Shares have sold off 9% in the face of the 3% devaluation of the Chinese RMB, Olson tells investors in a research note. Olson believes the devaluation is likely to have a limited impact on Ctrip.com's revenue and thinks the selloff in shares is an overreaction.
August 13, 2015
09:05 EDTLONGeLong forms independent special committee to consider proposal from Tencent
eLong (LONG) announced that its board has formed a special committee consisting of three independent and disinterested directors, May Wu, Shengli Wang and Adam J. Zhao, to consider the previously-announced non-binding "going private" proposal from Tencent (TCEHY) that the board received on August 3, 2015. May Wu will be the chairman of the special committee. The special committee intends to retain independent legal and financial advisors in due course, to assist it in this process.

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