Oppenheimer Names Ctrip.com in December's Top Ideas

A report from Oppenheimer reiterates its Outperform rating on Ctrip.com CTRP. The report states, “CTRP is a leading online travel agency in China, providing online flight ticket booking, hotel reservations and packaged trips. Roughly 70-80% of its customers are business travelers. Although currently, the air ticket/hotel booking business is still the main revenue stream, customized corporate services and packaged trip products are experiencing fast growth. CTRP remains one of our favorite consumer names in China, benefiting from a strong brand/position, proven management team, and attractive secular growth.” CTRP closed Friday at $25.99.