Added to YB: 2024-12-27
Pitch date: 2024-12-07
0045.HK [neutral]
The Hongkong and Shanghai Hotels, Limited
-2.45%
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, owns, develops, and manages hotels, and commercial and residential properties in China, rest of Asia, the United States, and Europe.
Market Cap
HKD 10.0B
Pitch Price
HKD 6.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.31
P/E
-12.76
EV/Sales
2.98
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.
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