MAR - East 72 - The HongKong And Shanghai Hotels: Backing A Long-Standing Hong Kong Family
2024-04-14 12:40:00 ET
Summary
- The HongKong and Shanghai Hotels Limited (THKSH) owns and operates luxury hotel properties with a significant margin of safety in its share price.
- THKSH shares have been trading at levels last seen in 2009, presenting a potential value trap.
- Despite challenges and uncertainties, there is potential for a significant uptick in earnings and a closing of the gap between stated net asset value and share price.
The following segment was excerpted from this fund letter.
The HongKong and Shanghai Hotels Limited ( HKSHF , HKSHY )
Backing a long-standing Hong Kong family - with enormous margin of safety.
"Luxury hotels are having a glorious moment. Rich travellers mean rich returns for investors" - "The Economist" 21 March 2024
When you look at the share price performance of this business, you could have fooled us....
East 72 - The HongKong And Shanghai Hotels: Backing A Long-Standing Hong Kong Family