国金证券表示，季度新开继续维持高位，坚持高质量发展。Q3公司新开/净开790/559家，维持较快开店水平Q1-3完成全年2200家新开计划的88%；品牌方面，发布桔子水晶2.5，未来在服务大众市场同时不断拓展中高端市场。短期Q4 RevPAR压力望改善，长期看好精益增长、卓越服务策略对RevPAR温和增长、持续拓店的支撑。HWORLD-S (01179) surged nearly 4% during the session, as of the time of writing, it has risen by 3.57%, priced at 24.65 Hong Kong dollars, with a transaction volume of 40.0444 million Hong Kong dollars.
According to Zhiyun Finance APP, H World Group-S (01179) rose nearly 4% during the session, and as of the time of publication, it is up 3.57%, priced at 24.65 Hong Kong dollars, with a transaction amount of 40.0444 million Hong Kong dollars.
On the news front, a previous Research Reports from Shanghai Pudong Development Bank International indicated that, in the face of a generally high base in the Industry and the impact of closing low-efficiency stores in domestic Business, H World Group's overall revenue for the third quarter grew by 2.4% year-on-year, while domestic Business revenue increased by 1%, achieving the lower end of the income growth rate given by management. Management provided revenue guidance for Q4 2024, with overall and domestic Business revenue expected to grow by 1%-5% year-on-year, implying an annual revenue growth rate in the Range of 7.4%-8.5%. The firm believes that the certitude of the company achieving Q4 2024 revenue guidance is relatively high.
Sinolink stated that the number of new openings in the quarter continues to remain high, maintaining a focus on high-quality development. In Q3, the company opened a net of 790/559 stores, maintaining a fast store opening pace, completing 88% of the annual plan of 2,200 new openings for Q1-3; in terms of branding, the release of Orange Crystal 2.5 aims to serve the mass market while continuously expanding into the mid-to-high-end market. In the short term, it is expected that Q4 RevPAR pressure will improve, and in the long term, there is a Bullish view on the support for moderate growth in RevPAR and ongoing expansion from lean growth and excellent service strategy.
