Comments on: CTrip.com International (CTRP) – Going Places in China

By: Brian Westbrook Jersey

Brian Westbrook Jersey — Thu, 05 Jan 2012 07:07:22 +0000

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By: Handan

Handan — Wed, 07 May 2008 02:59:00 +0000

When Chinese citizens decide to spend a vacation traveling, chances are they will use handandaily.com (hddaily) at some point in the planning stages. …

By: China: CTRP « Wells

China: CTRP « Wells — Tue, 08 Jan 2008 17:45:20 +0000

[...] I’ve heard about CTRP in a few places now. One is here, another here, and a third one [...]

By: BorisB

BorisB — Mon, 07 Jan 2008 23:29:10 +0000

second opion. Gathering that Ctrip has advanced more then 100% since the spring of 2007 it is probably ripe to seriously correct like the other high growth flyiers. mondays steep fall suggest CTRP is volneerable to large scale profit taking.

By: Dan

Dan — Mon, 07 Jan 2008 15:43:20 +0000

I have held Ctrip shares for a couple of years, and really enjoyed the data in this post. The notes on market share, hotel bookings, and airline bookings really demonstrate how broad their opportunities are.

Many investors get scared off by the P/E multiple, but they are building quite a track record of 35-55% earnings growth. Even at 38% 5-year growth and a reversionary PEG of 1.5, Ctrip looks to be worth about $91 per share (discounted at 10%). The link above has the rest of my valuation.

By: Zach

Zach — Sat, 05 Jan 2008 17:12:20 +0000

Boris – when the company covers over 50% of the industry and the rest is very fragmented – and add a name recognition and brand loyalty on top, the company will have strong pricing power which is similar to a monopoly status. Not technically but the results are the same.

Mark – hope the position works out well. I’m impressed that the stock didn’t give hardly anything up this week despite the very rough market. I think that’s a very good sign.

Thanks guys for the comments!

By: TraderMark

TraderMark — Sat, 05 Jan 2008 17:06:40 +0000

Zach, good write up. CTRP is one of my long time favorites. I expect at some point a quarter where it does 45% growth and analysts expected 45.7% and the maniacs in the market drop it down 25% overnight but that will just be a buying opportunity. But for the past 3-4 years this has been one of my favorites and I just added to it Friday in fact before coming to the website to see you wrote about it. It looks ready to make a move one way or the other in the next few weeks. (up or down is the open question) I am sure earnings ‘perception’ will be a driver.

By: Borisb

Borisb — Fri, 04 Jan 2008 17:38:48 +0000

I am not sure 57% count as monoply status, when something in the internet space like Netflix has 80% marketshare and no one whats to give them *monopoly* credit. CTRP is 500% above the 04/05 $10 base. but it seems the market cap is under $2 Billion, per Bigcharts, which might be favorable. also something to watch..
SINA is on very friendly and effective terms with Google since the June 2007 partnership was signed.