Friday, February 18, 2011

Ctrip.com International rated 'buy' by Mirae Asset

Stock Name: CTRP ADR 10US$+
Company Name: CTRIP.COM INTERNATIONAL ADR 10
Research House: OTHER

Mirae Asset Research in a Feb 14 research report says: "CTRP reported 4Q10 top line, pre-SBC operating profit and GAAP net income 4%, 7% and 27% (due to government subsidy) above our estimates. Compared to consensus, top line, pre-SBC operating profit and GAAP net income outperformed by 11%, 38% and 24%, respectively.

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