TCOM Trip.com Group Limited American Depositary Shares : Bullish and Bearish Analyst Opinions

The Lunar New Year holiday is 9 days long (longest ever). There is a shift toward "experience-led travel." While luxury goods consumption is down, spending on services and travel is up. Flight capacity is shifting from Japan (due to geopolitics) to domestic and Southeast Asian routes. Trip.com (referenced as "Trip") is up 17%. LONG. Volume-driven growth in the travel sector despite broader economic headwinds. Geopolitical tensions affecting specific routes (e.g., Japan).

Berg’s "Long Life" portfolio is holding specific international positions: Argentina (ARGT), Trip.com (TCOM), Alibaba (BABA), Shinhan Financial (SHG), and Korea Electric Power (KEP). While bearish on US Beta, Berg identifies technical breakouts in foreign markets that are undervalued or uncorrelated to the US tech bubble. Korea and China are showing "new high" breakouts while US software lags. Long specific international value/growth plays. Global recession or US dollar strength hurting emerging markets.

1. THE FACT: Citi short-lists $TCEHY $BABA $NTES $TCOM as beneficiaries in the next wave of cloud and AI growth in China. 2. THE BRIDGE: Analyst endorsement from a major bank like Citi, identifying these companies as key beneficiaries of significant growth trends (cloud and AI), suggests strong future performance potential. 3. THE VERDICT: Long Tencent, Alibaba, NetEase, and Trip.com due to Citi's identification as beneficiaries of China's cloud and AI growth.