Time of Beijing of fulfil of sina science and technology May 16th nightfall news unlocked today, Goldman Sachs investment report, maintain the Ctrip stock (Nasdaq: CTRP) "sell” rating, target price from $20 to $17.The following report Abstract: the 1st 15 min of monetary annual 2012 profit rate and reduced incomes better than expected,coast Uma Color Block Dress,merely the second 15 min profit is expected to decline rate.1 hostel reservation revenues grew 18%,coast dresses sale,while the fourth 15 min year-on-year growth of 11%, the bishop behalf from exclusive marketing along.Ctrip is expected second quarter Hotel, a predetermined aggregate of year-on-year decline of 15% to 20%, mainly according the tourist mall downturn.2 stamp reservation affair revenue growth of 10% over the same period the second quarter namely anticipated to grow 10% apt 15%.3) bargains and marketing costs,one increase of 48%, slightly lower than our expectations.Ctrip said,clothes COAST, this annual longing persevere to multiplication bargains and marketing costs,mia sara duchess satin dress, including present product promotion.4 production evolution costs year-on-year growth of 51%, including the new item namely added to the present staff.

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