FAST NEWS: H World Raises $260 Million in Share Placement

The latest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) on Tuesday announced it will raise $260 million by selling 6.19 million American depositary shares (ADSs), or about 1.95% of its enlarged share capital, at a price of $42 each. Looking up: H World will use the funds to enhance the competitiveness of its hotel portfolio and develop its regional-based operating model in the post-Covid era, as well as for investing in technology infrastructure and its supply chain ecosystem. Take Note: The sale price represents a 4% discount to H World’s closing price the…

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Fast News: H World Group Appoints New CFO

The Lastest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) announced last Friday it promoted He Jihong from CEO of its international business to its new CFO.  Looking Up: He joined the company in October 2021 after serving three years as chief corporate strategy officer at Singapore’s CapitaLand. Prior to that, she worked at Singaporean sovereign wealth fund Temasek for five years.  Taking Note: It was unclear whether He will maintain her role leading H Group’s international operation in addition to being CFO. Her loss in the international role could deal…

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Lots of Room at the Inn: Hotelier H World Bunkers Down for Another Loss

The company’s key performance indicators are approaching pre-pandemic levels, but Covid-related restrictions in China continue to hamper its return to profitability Key Takeaways •      H World said its revpar is at 90% of 2019 levels, and occupancy rates are rising across its 8,402 hotels •      The company remains bearish for the near-term due to the threat of further Covid restrictions that are discouraging travel in China By Andrew Curran Did rising room rates propel hotelier H World Group Ltd. (HTHT.US; 1179.HK) back into the black in this year’s third quarter?…

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Big-Name Banks Test Out Climate for Chinese U.S. Listings with Atour Application

High-end hotel operator relaunches its U.S. listing plan to raise more than $300 million, with Citigroup and BofA Securities as lead underwriters Key Takeaways: Atour could become the biggest U.S. IPO by a Chinese firm in more than a year with its latest listing application to raise more than $300 million The high-end hotel operator’s listing is also notable for including Citigroup and BofA Securities as sponsors, signaling large U.S. listings by Chinese companies could soon resume By Doug Young Citi who? That question could easily come from anyone following…

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Can a Strong June Salvage H World Group’s Second Quarter Malaise?

Chinese hotelier is enjoying rising room rates and occupancies at its over 8,000 hotels, but that’s unlikely to offset a disastrous April and May Key Takeaways H World Group’s average occupancy and revpar are recovering after steep declines in April and May due to pandemic restrictions, but still lag 2019 levels Investors are watching whether the company’s loss will narrow in the second quarter on the back of improving hotel performance metrics By Andrew Curran Ahead of soon-to-be-released second-quarter results, hotelier H World Group Ltd. (HTHT.US; 1179.HK) is reporting some…

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FAST NEWS: Huazhu Loss Doubles in Q1, Sees Q2 Revenue Contraction

The latest: Hotel operator Huazhu Group Ltd. (HTHT.US, 1179.HK) reported its net loss widened by 154% to 630 million yuan ($94 million) in the first quarter from a year earlier, despite a 16.4% increase in hotel turnover to 9.5 billion yuan, according to its latest results published on Monday. Looking up: The company’s own first-quarter revenue grew 15.2% to 2.68 billion yuan, slightly outperforming its previously announced guidance for 11% to 15% growth, mainly due to a 17.5% increase in leased and owned hotel revenue to 1.64 billion yuan. Take Note: The wider loss…

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It’s ‘Lights, Camera and Some Action’ for Imax China After Strong Holiday Box Office

Nationwide ticket sales reached $943 million over seven-day Lunar New Year holiday, down 21% from last year but ahead of pre-pandemic levels in 2019 Key Takeaways: China’s Lunar New Year box office totaled 6 billion yuan over the Lunar New Year holiday, up slightly from pre-pandemic levels despite recent Covid flareups New data shows theater operator Imax China’s profit doubled in the second half of 2021, though it has yet to comment on omicron-related disruptions in December and January By Doug Young China’s consumer-facing sectors have become a land of…

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Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022

The hotel operator is facing headwinds from the latest Covid-19 flare-up, whose impact is likely to affect its first quarter results Key takeaways: Huazhu Group is predicting greater uncertainties for its hotels in the first quarter as a result of the recent Covid resurgence and resulting travel restrictions The company has pivoted to focus on quality over quantity growth, in an unexpected shift for some analysts By Lau Ming With recent Covid-19 fare-ups sweeping China and the new omicron variant spreading fast, local governments throughout the country have been tightening…

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New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team Chinese concept stocks experienced unprecedented challenges in the Year of the Ox. The small and mid-sized companies covered by Bamboo Works were no exception, also coming under intense pressure. Looking past their stock prices and financial reports, how did these companies perform in terms of media and investor attention? Which companies stood out despite all the pressures? Our special report highlights such trends…

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Covid Disruptions Chop Into GreenTree Profit, as It Tries to Focus on Future

Hotel operator’s revenue rose 16% in the third quarter, even as its profit fell by nearly half due to new openings and weakness at existing properties  Key Takeaways: GreenTree Hospitality’s revenue rose 16% in the third quarter on new property openings, but revpar for existing hotels was down 1.8% year-on-year Company looks undervalued compared with domestic rivals, but ranks stronger than international peer Accor  By Doug Young It’s only two trading days since hotel operator Greentree Hospitality Group Ltd. (GHG.US) reported its latest results for last year’s third quarter. And…

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