2024-03-22 04:02:56 ET
Summary
- H World's FY 2023 top line and EBITDA met the market's expectations, as both its actual revenue and EBITDA exceeded the consensus estimates by a modestly low single-digit percentage.
- HTHT is guiding for its FY 2024 RevPAR to be the same or at best a low single-digit percentage higher than its actual FY 2023 RevPAR.
- My Hold rating for H World stays unchanged, as there weren't any surprises relating to HTHT's FY 2023 results and FY 2024 guidance.
Elevator Pitch
H World Group Limited ( HTHT ) [1179:HK] is awarded a Hold investment rating.
In my previous January 4, 2024 update , I wrote about H World's new dividend policy and the company's growth outlook. The current write-up evaluates HTHT's recently disclosed FY 2023 financial performance and its FY 2024 RevPAR (Revenue Per Available Room) guidance....
Read the full article on Seeking Alpha
For further details see:
H World: No Surprises