Earnings Call Excerpt
Ctrip.com International, Ltd. (CTRP)
Q4 2008 Earnings Call Transcript
February 8, 2009 8:00 pm ET
Executives
Jade Wei – Senior IR Manager
James Liang – Co-Founder & Chairman
Min Fan – Co-Founder & CEO
Jane Sun – CFO
Analysts
Mike Olson – Piper Jaffray
Richard Ji – Morgan Stanley
Catherine Leung – Citi
Eddie Leung – Banc of America, Merrill Lynch
Wendy Huang – RBS
Kathy Chen – Goldman Sachs
Ming Zhao – SIG
Martin Ji – ClearBridge Advisors
Elinor Leung – CLSA
Marisa Ho – Credit Suisse
Gary Yang – UBS
Tami Huang [ph] – Nomura
San Cheng [ph] – Baring Capital [ph]
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the Q4 2008 Ctrip.com International earnings conference call. My name is Kisha and I will be your operator for today. At this time all participants are in listen-only mode. We will conduct a question-and-answer session towards the end of this conference. (Operator instructions). As a reminder, this conference is being recorded for replay purposes.
I would now like to turn the call over to Ms. Jade Wei, Senior IR Manager. Please proceed, ma'am.
Jade Wei
Thank you. Thanks everybody for attending Ctrip fourth quarter 2008 earnings call. Joining me on the call today, we have Mr. James Liang, Chairman of the Board, Mr. Min Fan, Chief Executive Officer and Ms. Jane Sun, Chief Financial Officer.
We may during this call discuss our future outlook and performance, which are forward-looking statements made under the Safe Harbor provision of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such our results may be materially different from the views expressed today.
A number of potential risks and uncertainties are outlined in Ctrip's public filings with the Securities and Exchange Commission. Ctrip does not undertake any obligation to update any forward-looking statements except as required under applicable law.
Min, James, and Jane will provide business updates, industry outlook and financial highlights for the fourth quarter of 2008 as well as outlook for 2009. We will also have a Q&A session towards the end of this call.
With that I will turn to Min for our business update.
Min Fan
Thanks, Jade. Welcome everybody and thanks for joining our conference. Today, we will talk about our results in Q4 and for the whole year and then outline our key views for the coming year.
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