Pre-Market Top Loser: Trip.com Group 9961.HK -24% (HKSE) 16 Jan 2026: Key risk
Trip.com Group’s 9961.HK stock plunged to HK$460.00, down 24.47% in pre-market trade on 16 Jan 2026 after a Chinese antitrust probe hit sentiment. Trading volume spiked to 34,164,697 shares versus an average of 1,763,453, showing forced selling. We summarise why the move matters for Hong Kong investors and list the technical levels and model forecasts to watch.
Price action and news drivers: 9961.HK stock reaction
Shares of Trip.com Group (9961.HK) fell sharply after the State Administration for Market Regulation opened an antitrust probe into alleged monopolistic practices. The probe is the immediate catalyst for the pre-market move to HK$460.00, down HK$149.00 from the HK$609.00 close. Market breadth shows unusually high activity with a relative volume near 3.04.
Regulatory headlines are the primary driver today; see Reuters for the initial report and Investing.com for market context. Reuters Investing.com
Fundamentals and valuation: 9961.HK stock metrics
Trip.com Group trades at roughly HK$460.00 with market cap about HK$372,227,154,524.00. Key ratios show EPS 28.95, trailing PE 10.70 (TTM), price-to-book 1.98, cash per share HK$122.83, and return on equity 20.60%. Debt to equity is low at 0.19, signalling limited leverage risk relative to peers.
Compared with the Hong Kong consumer cyclical sector (average PE ~21.38), Trip.com looks cheaper on PE while retaining strong profitability. Still, regulatory risk can compress multiples quickly and hit revenues tied to travel demand in China.
Technical view and trading signals: 9961.HK stock technicals
Technical indicators show mixed momentum. The 50-day average is HK$561.09 and the 200-day average is HK$521.08. RSI sits at 64.14, MACD histogram positive, and CCI signals overbought earlier, but the sudden gap down created fresh selling pressure. Immediate intraday range is HK$446.00 to HK$484.20.
Support sits at the year low HK$402.60 and resistance near the 200-day mean HK$521.08. On heavy volume the next sessions will test buyer interest at those levels.
Meyka Grade and forecast: 9961.HK stock outlook
Meyka AI rates 9961.HK with a score out of 100: 72.45 (Grade B+), suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and are not financial advice.
Meyka AI’s forecast model projects monthly HK$567.34 and yearly HK$600.68. Versus the current HK$460.00, the model implies upside of 23.38% (monthly) and 30.58% (yearly). Forecasts are model-based projections and not guarantees.
Risks and catalysts to monitor: 9961.HK stock near-term drivers
Primary risks: the antitrust probe, potential fines, and tighter regulatory scrutiny that can reduce commission or distribution margins. Secondary risks include slower consumer travel spending and FX or macro shocks that hit bookings. Trip.com reports next earnings on 23 Feb 2026; that event may reset guidance.
Catalysts that could stabilise price: clear regulatory updates with limited penalties, stronger-than-expected ticket and hotel bookings, or buybacks. Key near-term price points to watch: support HK$402.60, 200-day average HK$521.08, and Meyka yearly model target HK$600.68.
Final Thoughts
Trip.com Group (9961.HK) sits among today’s top pre-market losers after the antitrust probe knocked investor confidence and forced a 24.47% drop to HK$460.00 in Hong Kong. Fundamentals remain solid: EPS 28.95, ROE 20.60%, low debt-to-equity 0.19, and meaningful cash per share HK$122.83. But regulatory risk can overshadow those metrics in the near term. Meyka AI’s forecast model projects HK$600.68 by year-end, an implied upside of 30.58% versus the current price. Traders should treat today’s gap down as a high-volatility event: use stop rules and wait for regulatory clarity before scaling in. Remember, model forecasts are projections and not guarantees, and Meyka AI is an AI-powered market analysis platform offering data-driven signals for investors.
FAQs
Why did 9961.HK stock fall so sharply pre-market?
9961.HK stock fell after Chinese regulators opened an antitrust probe into Trip.com. The news triggered heavy selling and a jump in volume to 34,164,697 shares, creating a rapid decline to HK$460.00.
What are the key valuation metrics for 9961.HK stock?
Key metrics: EPS 28.95, trailing PE 10.70, price-to-book 1.98, cash per share HK$122.83, and ROE 20.60%. These show strong profitability but event risk can shift multiples.
What price targets and outlook apply to 9961.HK stock now?
Near-term support is HK$402.60. A conservative medium target aligns with the 200-day average HK$521.08. Meyka AI projects HK$600.68 in one year, an implied 30.58% upside from HK$460.00.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
