Just read through some of Priceline's announcements and it looks like they've been buying into C-trip quite a bit. C trip is China's answer to Flight Centre and has been doing very well. Priceline recently put another $500m into C-trip to take its holding to $1.9bn in convertible bonds.
The cross promotion is mostly for hotels and booking.com/agoda.com growth in China. It's also funneling Chinese travelers onto the Priceline platforms.
Priceline has a market cap of US$65bn
Priceline has revenue of US$9bn and profit of US$2.5bn
Ctrip has a market cap of US$13.7bn
Ctrip has revenue of US$1.5bn and profit of US$343m
Flight Centre has a market cap of AU$3.5bn
Flight Centre has revenue of AU$2.2bn and profit of AU$213m
These numbers make FLT look like a minnow, however with $18bn in TTV coming through, it really is an international force.
It will be taken over soon enough!
Just read through some of Priceline's announcements and it looks...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FLT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.00 |
Change
0.020(0.12%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.01 | $17.18 | $16.98 | $18.14M | 1.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6735 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.01 | 75 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
