On September 10, TRIP.COM-S fell 3.54% in regular trading, trading at HK$306.4/share, with turnover of HK$69.88 million. The decline extends a broader selloff ahead of the company's Q2 earnings release scheduled for September 16.

Market consensus expects Q2 revenue growth of approximately 6.45%, a sharp deceleration from the 17.20% year-over-year growth reported last quarter when revenue reached RMB 16.208 billion. The company previously guided Q2 revenue growth of just 3%-8%, raising concerns about weakening travel demand. Meanwhile, The Capital Group Companies reduced its stake by 1.82 million shares at an average price of HK$349.70 on September 1, lowering its position from 7.44% to 6.8%, involving approximately HK$637 million.

Adding to the overhang, the company received a landmark anti-monopoly fine totaling RMB 5.179 billion in late July for abuse of market dominance. While major brokerages including JPMorgan and DBS Vickers maintained that the penalty removes regulatory uncertainty and does not impair long-term profitability, analysts at China Galaxy Securities noted that ongoing rectification measures — including the elimination of exclusive cooperation agreements and mandatory lowest-price requirements — may weigh on net margins in the near term.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)