- Ctrip has sold off massively on declining growth and the general malaise in Chinese shares.
- But we think this has mostly run its course, as valuation is really quite reasonable and a considerable part of the slowdown is optical.
- Operational leverage is already kicking in despite heavy investments, and the latter are cementing Ctrip as a leading travel platform.
Ctrip Is Thrown Out With The Bathwater
September 14th, 2018 · No Comments