Trip.com Appears Mispriced Despite Overseas Growth Potential
1. Trip.com's Q1 revenue rose 16% to 13.8 billion yuan, profit slightly declined. 2. International platform bookings surged 60% year-on-year amid tourism recovery. 3. R&D and marketing expenses increased significantly, potentially affecting future profits. 4. Stock fell 2.22% post-report, indicating investor concerns over profit margins. 5. P/E ratio of 18.8 suggests stock is slightly undervalued compared to rivals.