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....
Read the full article on Seeking Alpha
For further details see:
East 72 - The HongKong And Shanghai Hotels: Backing A Long-Standing Hong Kong Family