HTHT - H World: Focus On Short-Term Outlook And Long-Term Prospects
2024-06-09 22:43:14 ET
Summary
- HTHT expects a slower pace of revenue growth for Q2 as per its guidance, and industry data suggests that the Mainland Chinese hotel industry has underperformed in this year's Labor Day holiday in May.
- But H World's long-term outlook is favorable, taking into consideration its potential to penetrate new Chinese cities and the shift towards a capital-light model for its overseas hotel business.
- HTHT is still rated as a Hold following an assessment of the company's prospects for the near term and the long run.
Elevator Pitch
I have a Hold rating for H World Group Limited ( HTHT ) [1179:HK]. The focus of my earlier March 22, 2024 article was the company's full-year 2023 results review....
H World: Focus On Short-Term Outlook And Long-Term Prospects