Added to YB: 2024-12-27
Pitch date: 2024-12-07
0045.HK [neutral]
The Hongkong and Shanghai Hotels, Limited
-18.84%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
The Hongkong and Shanghai Hotels, Limited, an investment holding company, engages in the ownership, development, and management of luxury hotels and commercial and residential properties in China, Europe, the United States, and the rest of Asia.
Market Cap
HKD 9.4B
Pitch Price
HKD 6.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.61
P/E
14.90
EV/Sales
2.79
Sector
Hotels, Restaurants and Leisure
Category
turnaround
The Hongkong and Shanghai Hotels, Limited - $0045.HK
0045.HK (need evidence of turnaround): Luxury hotel group with Peninsula brand. Owns prime properties globally. Strong reviews, but high capex and debt. New leadership may improve capital allocation. Catalysts: Shenzhen visa changes, London/Istanbul ramps, interest rates. Trades at discount to peers & book value. Kadori family bought 12% at HK$12/share. Upside potential if debt reduced & capital allocation improves.
Read full article (10 min)