Ctrip Tuesday hit a 52-week low two-day market capitalisation evaporated 1 billion U.S. dollars

Ctrip 5th Stock price Trend Sina science and technology news on the November 16 morning, Ctrip after yesterday's close 12.26%, the Nasdaq Stock market in the United States again plunged 8.35%, two days Ctrip market capitalisation has evaporated 950 million U.S. dollars, while the Tuesday share price of 27.56 U.S. dollars to hit a 52-week low. Ctrip Monday released the third quarter as at September 30 of 2011 earnings, net revenue of 975 million yuan (about 153 million U.S. dollars), an increase of 20% per cent, the net profit attributable to the shareholders of the renminbi 325 million yuan (about 51 million U.S. dollars), the year-on-year increase of 2%.　　Goldman Sachs, future assets and Bank of America Merrill Lynch downgraded their shares as profits fell below expectations. The Goldman Sachs report said that Ctrip's increased marketing efforts show that the online tourism market demand is sluggish and the fierce market competition makes Ctrip's operating conditions worse. Increased marketing efforts have put pressure on the third-quarter profit margin, the expected return of the four-year profit will be a decline in the quarter.　　Maintain the "sell" rating of Ctrip, lowering the target share price from USD 32 to $29. Future asset reports indicate that Ctrip's third-quarter revenue was in line with expectations, but margins were lower than expected. Future assets worry that Ctrip to the low-end market will be permanent. Optimistic about the ability of the Ctrip to respond to the same competitors as the business model, but it is not certain that Ctrip is able to compete against new technologies such as O2O (offline to offline), especially given the new technology coming from the mobile internet.　　Cut Ctrip's target share price to $38.5 trillion, while lowering the stock rating to "hold".　　The Merrill Lynch report said that the target price of Ctrip (NASDAQ:CTRP) was lowered from $48 to $39, while the forecast for Ctrip 2012 and 2013-share earnings was lowered, but expectations for earnings per share for the Ctrip 2011 fiscal year were raised.　　In addition to the three investment banks downgraded Ctrip ratings, Jaffray maintained a neutral rating, but lowered its target price to 35 U.S. dollars, while Morgan Stanley and Stifel the investment rating as overweight.　　Affected by the bad news, Ctrip in the U.S. stock market in Monday opened 29.86 U.S. dollars, the closing price of the previous trading day 34.27 U.S. dollar fell 12.87%, continued to lower after the opening, the lowest fell to 28.55 U.S. dollars, and finally closed to 30.07 U.S. dollars, a decrease of 12.26%. After the opening of Tuesday, Ctrip continued the downturn yesterday, the shares all the way down, the final report closed at 27.56 U.S. dollars, a decline of 8.35%, set a 52-week low.　　In the past 52 weeks, Ctrip's share price in Nasdaq has been up to $50.57, at a minimum of 28.30 dollars. According to the Ctrip 136 million shares of ads, Ctrip two days of market capitalisation evaporated nearly 950 million U.S. dollars. (eastward)