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◆ Trip.com beat 1Q26 adj. OP by 4% but guided softer 2Q26 revenue growth of 3-8% (vs Tongcheng 5-10%), amid macro and compliance headwinds Trip.com Group (TCOM US, USD45.50, Buy, TP USD75.00) (Priced as of 23 Jun 2026) Equity Snap: Trip.com Group (TCOM US) Softer 2Q guidance China Soft 2Q26 topline guidance vs Tongcheng: The share price in the post-market is down 2% following Trip.com's softer 2Q26 guidance which sees revenue growth decelerate to 3-8% in 2Q26 (vs +17% y-o-y in 1Q26), citing macro headwinds ...