Added to YB: 2026-08-31
Pitch date: 2026-08-28
0045.HK [neutral]
The Hongkong and Shanghai Hotels, Limited
Author Info
No bio for this author
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
N/A
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
value
Hongkong and Shanghai Hotels (0045.HK) H1 2026 review: still 25 cents on the dollar
0045.HK (earnings): Hongkong and Shanghai Hotels’ H1 2026 showed stronger operations: revenue rose 10% to $400M, EBITDA 24% to $74.4M and free cash flow reached $70M, driven mostly by the London and Istanbul ramp-up, alongside management’s focus on operating efficiency. Shares trade at a 75% NAV discount, but diversification impairs the pure-play valuation and 72% family ownership limits pressure for asset sales; the clearest catalyst would be a capital-light, third-party-funded Peninsula hotel.
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