Trip.com has filed for a secondary listing in Hong Kong. The Chinese travel booking site is already listed on the Nasdaq in the U.S.
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A post-pandemic travel boom is in sight for Trip.com, and results should improve and boost the stock in the summer months, according to Morgan Stanley.
Analyst Alex Poon upgraded the Shanghai-based online travel agency to overweight from equal weight, saying in a note to clients on Monday that the travel recovery in China was about to kick into gear.