Trip.com Group Limited (NASDAQ: TCOM) to offer $1.3 billion in convertible senior notes to repay debt and expand operations, while repurchasing shares.
Key Takeaways:
Trip.com’s revenue grew 27.8% in the first quarter, as its stock caught up to the company’s strong business gains from last year
The company’s overseas businesses, Trip.com and Skyscanner, are shaping up as new growth drivers
By Bai Xinrui
Goldman Sachs sees potential for further rise in Chinese stocks due to improving macroeconomic performance and policy support, with a 60% probability of continuing gains and potential average returns of 35% in the next 6 months.
U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in the Middle East in their stride, underlining their resilience.