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Ctrip (CTRP) shares are trading sharply lower in late trading on a disappointing outlook for Q4.

For Q3, the China-based travel company posted revenue of $58 million and GAAP profits per American depositary share of 22 cents, right in line with expectations.

But here’s the rub: the company sees Q4 revenue growth of 5%-15% versus last year, when the company posted $48.83 million. That implies revenue of $51.3 million to $56.2 million, well below the Street consensus of $67.6 million.

Ergo, in late trading, CTRP is down $2.46, or 10.4%, to $21.20; the shares had rallied 67 cents in the regular s

“The best investment deals on the planet are in Asia — and the size of the rebound rally will be the biggest surprise of all,” says Asian stock expert Tony Sagami.

Here, the editor of The Asia Stock Alerts looks at his two current favorite plays in Asia -- Mindray Medical (NYSE: MR) and CTrip.com (NASDAQ: CTRP).

“The recent drop in Asian markets is an opportunity. Vvaluations are cheap. The average P/E of Asian markets is a bargain-basement 10.3, the lowest since at least 1995.

“Buying stocks in rapidly growing economies selling at just 10 times earnings after a 60% haircut is a fantastic bar