Trip.com Group Limited (NASDAQ:TCOM) is one of the Undervalued Cyclical Stocks to Invest In. Trip.com Group Limited (NASDAQ:TCOM) has gained over 22% over the past 6 months, with Wall Street forecasting an increase of over 16% from current levels.
Recently, on December 9, Trip.com Group Limited (NASDAQ:TCOM) announced its strategic partnership with Galaxy Asia Car Rental, Malaysia’s leading car rental company. Management noted that the deal integrates the company’s brand into Galaxy’s highest traffic areas, including the Kuala Lumpur flagship store and KLIA Terminals 1 and 2. The company believes this move will help increase visibility and also combine its international user base with Galaxy’s local user base.
This partnership is also important because the company’s data suggests that Malaysia’s car rental market is booming and has achieved triple-digit growth year on year. This growth is driven by users from Malaysia, China and Singapore. Trip.com Group Limited (NASDAQ:TCOM) management noted that the partnership aligns with the company’s end-to-end travel ecosystem, which links global planning with local execution, thereby capitalizing on growing regional demand.
Trip.com Group Limited (NASDAQ:TCOM) offers comprehensive solutions for the corporate travel, accommodation, tourism and transportation sectors.
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Disclosure: None. This article was originally published in Internal jumpsuit.