Ctrip tripled, can the shares travel higher still?

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Ctrip Shares Tripled, Can They Travel Higher?

Aug 9 2013, 09:22  |  about: CTRP (Ctrip.com International, Ltd. (ADR))

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

The Chinese travel agency Ctrip (CTRP) has been one of our best performers in the past 12 months. The shares more than tripled since we first suggested a buy at $13.69 almost exactly a year ago.

We are not terribly surprised at this as the company benefits from a number of strong trends:

• The increase in number of people who join the Chinese middle class and the increase in their spending power.
• The increase in travel and tourism expenditures in China as China slowly shifts from investment to consumption.
• The shift from bricks and mortar travel agencies to on-line sites.
• The shift from PC to mobile.

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