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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Trip.com Group Limited    TCOM

TRIP.COM GROUP LIMITED

(TCOM)
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JD.com to spin off health unit, list in Hong Kong

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09/21/2020 | 06:28am EDT
FILE PHOTO: JD.com sign is seen at the World Internet Conference (WIC) in Wuzhen

Sept 21 (Reuters) - Chinese e-commerce retailer JD.com is planning to spin off its health unit and list it on the Hong Kong stock exchange, the New York-listed company said on Monday, a move that follows escalating Sino-U.S. political tensions.

Several Chinese companies are putting off plans for U.S. listings amid mounting tensions between the world's top two economies, while those listed in New York are seeking to return to exchanges closer to home.

JD.com, which is listed on the Nasdaq in New York, raised about $3.87 billion in its Hong Kong secondary listing earlier this year.

Its U.S.-listed shares fell nearly 2% in premarket trading following Monday's announcement.

JD.com said the timing of divestiture and unit listing will depend on market conditions, and there is no assurance as to whether the process will be completed.

Hong Kong Exchanges and Clearing Ltd said last month a trend of secondary listings by New York-listed Chinese companies would bolster its prospects.

E-commerce giant Alibaba completed its secondary listing in Hong Kong last year. Other companies including travel firm Ctrip and Baidu were considering Hong Kong listings, Reuters reported earlier this year. (Reporting by Munsif Vengattil in Bengaluru; Editing by Krishna Chandra Eluri, Anil D'Silva and Shinjini Ganguli)


Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 1.48% 309.81 Delayed Quote.46.07%
BAIDU, INC. 0.64% 130.08 Delayed Quote.2.91%
HONG KONG EXCHANGES AND CLEARING LIMITED -0.05% 367 End-of-day quote.45.06%
NASDAQ COMP. 0.33% 11516.494418 Delayed Quote.27.93%
TRIP.COM GROUP LIMITED -0.36% 30.08 Delayed Quote.-10.32%
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Financials (USD)
Sales 2020 2 686 M - -
Net income 2020 -798 M - -
Net Debt 2020 5 740 M - -
P/E ratio 2020 -23,6x
Yield 2020 -
Capitalization 17 700 M 17 700 M -
EV / Sales 2020 8,73x
EV / Sales 2021 4,86x
Nbr of Employees 44 300
Free-Float 46,0%
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Technical analysis trends TRIP.COM GROUP LIMITED
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 32,46 $
Last Close Price 30,08 $
Spread / Highest target 66,2%
Spread / Average Target 7,91%
Spread / Lowest Target -36,5%
EPS Revisions
Managers
NameTitle
Jane Jie Sun Chief Executive Officer & Director
Min Fan Vice Chairman & President
Jian Zhang Liang Executive Chairman
Maohua Sun Chief Operating Officer & Executive Vice President
Xiao Fan Wang Chief Financial Officer, Director & Executive VP
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MAKEMYTRIP LIMITED-16.20%1 981