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    Parash Jain

    Managing Director at HSBC

    Parash Jain is a Managing Director at HSBC specializing in financial analysis and transport sector research, with broad expertise that spans logistics and Asia-Pacific transportation industries. He has built a strong track record advising on major listed companies within these sectors, recognized for insightful analysis and impactful client guidance. Jain’s career trajectory includes senior analytical roles with a focus on transportation and logistics, culminating in his current leadership at HSBC after significant experience in the region. He maintains professional analyst credentials and industry licenses, underpinning a reputation for excellence in equity research and sector coverage.

    Parash Jain's questions to Trip.com Group (TCOM) leadership

    Parash Jain's questions to Trip.com Group (TCOM) leadership • Q2 2025

    Question

    Parash Jain of HSBC requested quantification of the market size and expected share for the 'Old Friends Club' and 'Travel plus Entertainment' initiatives, along with recent growth trends.

    Answer

    CFO Cindy Wang projected the senior travel market ('Old Friends Club') could grow into a trillion-dollar-plus market in the next 3-5 years, highlighting its value in filling off-season demand. For 'Travel plus Entertainment,' she noted that demand for events like concerts and F1 races is very strong and currently exceeds supply, indicating a robust and growing business segment.

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    Parash Jain's questions to Trip.com Group (TCOM) leadership • Q1 2025

    Question

    Parash Jain of HSBC asked about Trip.com's core competencies in key Asian markets driving its international expansion and whether US-China trade tensions have disrupted the travel business.

    Answer

    CEO Jane Sun outlined three core competencies: a one-stop shopping platform with strong cross-selling, excellent 24/7 customer service, and a user-friendly mobile app experience tailored for Asian markets. She noted that as volume grows, pricing and coverage competitiveness also improve. The second part of the question regarding trade tensions was not directly addressed.

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    Parash Jain's questions to Trip.com Group (TCOM) leadership • Q2 2024

    Question

    Parash Jain from HSBC asked about the current dynamics and opportunities in the M&A space and how the company is thinking about its capital return policy given its steady cash flow generation.

    Answer

    CFO Xiaofan Wang stated that the company's first priority is organic growth and maximizing synergies within its existing portfolio of brands. Regarding capital allocation, she outlined four priorities: investing for growth, disciplined cost management, prudent leverage management, and providing consistent shareholder returns through dividends or buybacks.

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    Parash Jain's questions to AMKBY leadership

    Parash Jain's questions to AMKBY leadership • Q1 2025

    Question

    Asked if the strong growth in the Terminals business was driven by North America and whether the Gemini network would bring more volume to APM Terminals compared to the previous 2M alliance.

    Answer

    The strong Q1 terminal performance was primarily driven by market volume growth, especially a 15% increase in North America. The Gemini network is a net positive for APM Terminals' volume because, unlike in the 2M alliance, there is no longer volume dilution from sharing with a partner's overlapping terminal assets. However, with overall utilization already high at 79%, significant further growth will require facility expansion.

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