US MOVERS&SHAKERS May 20-May 24, 2024
Here are the top 10 gainers and losers of the week.
[Broker Focus] Societe Generale Securities maintains Huazhu Group (01179) “buy” rating, indicating that the first quarter results are in line with expectations
Jinwu Financial News | Societe Generale Securities released research reports that Huazhu Group (01179) achieved operating income of 5.28 billion yuan in 2024Q1, an increase of 17.8% over the previous year. The adjusted EBITDA was 1.42 billion yuan, and the adjusted EBITDA rate was 26.9%, an increase of 3.9 percentage points over the previous year. Adjusted net profit was $770 million, up 100.8% year over year. The 2024Q2 revenue guideline is a 7-11% year-on-year increase, and the 2024 full-year maintenance guideline is an 8-12% year-on-year increase. According to the bank, the company has maintained a rapid opening of stores since the beginning of the year, and the 2024Q1 company will open new doors in China
Form 144 | H World Group(HTHT.US) Insider Proposes to Sell 904.79K in Common Stocks
SEC FILLINGS DISCLOSED/ May 23, $H World Group(HTHT.US)$ Insider LIU XINXIN intends to sell 245K shares of its common stock on May 23, with a total market value of approximately $904.79K. Source: A
Analysts Offer Insights on Consumer Cyclical Companies: Starbucks (SBUX), Costco (COST) and H World Group (HTHT)
[Broker Focus] Caitong Securities maintains Huazhu Group-S (01179) “buy” rating indicating that it has outstanding advantages in terms of brand, operation, and membership
Jinwu Financial News | According to the Caitong Securities Research Report, Huazhu Group-S (01179) announced the results for the first quarter of 2024. The company achieved operating income of 5.3 billion yuan, an increase of 17.8% over the previous year; achieved net profit of 659 million yuan, compared with 990 million yuan in the same period last year; and realized net profit of 770 million yuan, an increase of 100.8% over the previous year. Revenue growth in the first quarter exceeded the company's guidelines, and adjusted net profit doubled. Furthermore, the company's direct-run stores have grown significantly, and the opening of new stores has exceeded expectations. The bank continued that the company has outstanding advantages in terms of brand, operation, and membership. The bank believes that the company's store opening expectations will accelerate in 2024
Top Gap Ups and Downs on Tuesday: LLY, AZN, NTES and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
Express News | H World Shares Are Trading Lower. The Company Last Week Reported Q1 Financial Results
H World Group Is Maintained at Overweight by JP Morgan
H World Group Is Maintained at Overweight by JP Morgan
Express News | JP Morgan Maintains Overweight on H World Group, Raises Price Target to $48
H World Group Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/21/2024 27.69% JP Morgan $45 → $48 Maintains Overweight 04/26/2024 25.03% CLSA → $47 Reinstates Buy → B
Analysts Offer Insights on Consumer Cyclical Companies: H World Group (HTHT) and Man Wah Holdings (OtherMAWHF)
H World Group's Strong Q1 Performance and Strategic Expansion Merit a Buy Rating
Earnings Call Summary | H World Group(HTHT.US) Q1 2024 Earnings Conference
The following is a summary of the H World Group Limited (HTHT) Q1 2024 Earnings Call Transcript:Financial Performance:H World Group reported Q1 2024 total revenue increase of 18% YoY to RMB 5.3 billio
H World Group: Strong Q1 Performance and Positive Growth Outlook Justify Buy Rating
[Broker Focus] Guoxin Securities maintains Huazhu Group's (01179) “buy” rating, indicating that its strong brands have strong traffic and high efficiency still support midline growth
Jinwu Financial News | According to Guoxin Securities Research Report, Huazhu Group (01179)'s revenue growth in the first quarter of 2024 exceeded previous company guidelines, and adjusted net profit doubled. The overall REVPAR of domestic hotels increased by 3% in the first quarter, leading the industry. The opening of stores rapidly accelerated the rapid growth of its revenue and adjusted profit. The overall REVPAR for overseas hotels increased by 4.5% in the first quarter, and adjusted EBITDA to reduce losses. In addition, the company expects revenue growth of 7-11% in the second quarter, and excellent brand and efficiency are expected to support long-term leading growth. According to the bank, based on the quarterly report's performance and hotel industry tracking, it is prudent to assume that the company is 20
Huazhu Group (01179) fell 4.65%, first-quarter net profit fell 33.43% year on year
Jinwu Financial News | Huazhu Group (01179)'s initial net profit fell 33.4% year on year, and the stock price declined in early trading. As of press release, it reported HK$31.75, down 4.65%, with a turnover of HK$41.1326 million. According to the announcement, net profit for the first quarter of this year was 659 million yuan (RMB, same below), a year-on-year decrease of 33.43%. Adjusted net profit was 771 million yuan, up 1.01 times year on year. Revenue for the period was 5.278 billion yuan, up 17.81%, and hotel turnover increased 21.1% year-on-year to 19.7 billion yuan. Looking ahead, the Group expects revenue for the next quarter to increase compared to the second quarter of 2023
Hong Kong Stock Announcement Nuggets | Huazhu Group-S achieved total revenue of 5.278 billion yuan in the first quarter, an increase of 17.81% year-on-year, and the total number of hotels to be opened reached a record high
Huazhu Group-S achieved total revenue of 5.278 billion yuan in the first quarter, a 17.81% year-on-year increase in total operating volume and a record high of hotels to be opened; China Electric Power's consolidated total electricity sales volume in the first four months was 408.17,500 megawatt-hours, an increase of 33.45% year on year
Gelonghui Announces Selected (Hong Kong Stocks) | Zero Sports Auto (09863.HK)'s revenue for the first quarter reached 3.486 billion yuan, and total vehicle deliveries surged 217.9% year on year
[Today's Focus] Zero Sports Auto (09863.HK)'s first quarter revenue reached 3.486 billion yuan, and total vehicle deliveries surged 217.9% year on year. Zero Sports Auto (09863.HK) announced unaudited financial results for the first quarter of 2024. Revenue for the first quarter of 2024 was RMB 3,466.2 billion, an increase of 141.7% over the same period in 2023. Net cash used for operating activities in the first quarter of 2024 was RMB 1,1809 million, compared to RMB 2,610.7 billion for the same period in 2023. The total number of car deliveries in the first quarter of 2024 was 33,4
Express News | H World Shares Are Trading Lower After the Company Reported Q1 Financial Results
H World Group Reports Lower Q1 EBITDA
H World Group's (HKG:1179) non-GAAP earnings before interest, tax, depreciation and amortization (EBITDA) declined to 1.3 billion yuan in the first three months of 2024, as against 1.6 billion yuan a