BTG Hotels' Revenue Could Grow, Helped by New Online Shopping Platform -- Market Talk
BTG Hotels' Revenue Could Grow, Helped by New Online Shopping Platform -- Market Talk
0439 GMT - BTG Hotels' revenue per available room could grow to 85%-90% of 2019 levels in 4Q, assuming no fresh Covid outbreaks in China, Jefferies says. The U.S. bank points out that revenue per available room in July reached 97% of July 2019's level, but the August figure dropped to 48% due to a resurgence of Covid in Nanjing. Jefferies says the hotel operator's value-creation measures will be in focus, especially its recently launched online-shopping platform to allow hotel members to buy duty-free overseas products. It keeps a buy rating and CNY31 target price on BTG Hotels, which is 1.6% higher at CNY23.50. (yongchang.chin@wsj.com)
0439GMT-傑富瑞(Jefferies)表示，假設中國沒有新的Covid疫情，BTG Hotels在第四季度每間可用客房的收入可能會增長到2019年水平的85%-90%。這家美國銀行指出，7月份每間可用客房的收入達到了2019年7月份水平的97%，但由於Covid在南京的復興，8月份的數字下降到了48%。傑富瑞説，酒店運營商的價值創造措施將是重點，特別是其最近推出的網購平台，允許酒店會員購買免税的海外產品。它保持了BTG Hotels的買入評級和人民幣31元的目標價，後者上漲1.6%，至人民幣23.50元。(yongchang.chin@wsj.com)