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China Merchants Securities: Slight increase in National Day travel, volume increase, price stability, and trend towards improvement.
China Merchants Securities released research reports stating that during the 2024 National Day holiday, domestic tourism visits increased by 5.9% year-on-year, domestic tourism revenue increased by 6.3% year-on-year. Overall, domestic income and visits during the National Day period are steadily improving. The average travel expenditure per person has already approached the level of the same period in 2019, and the overall travel data meets market expectations.
Goldman Sachs Maintains H World Group(HTHT.US) With Buy Rating, Raises Target Price to $53
Express News | Shares of US-listed Chinese Stocks Are Trading Lower After Chinese Planning Officials Reportedly Fell Short of Investor Stimulus Expectations
China's Stocks Lose Steam as Enthusiasm for Major Stimulus Wanes. What's Next?
[Brokerage Focus] Tianfeng maintains a 'buy' rating on H World Group (01179), citing its leading scale advantage and excellent operational management efficiency.
Jingu Financial News | Tianfeng Securities issued a research report, h world group (01179) 24Q2 revenue performance slightly exceeded expectations, operating profit margin of 25.6%/+0.6pct 24Q2 company revenue 6.15 billion yuan year-on-year +11.2%; net income attributable to shareholders 1.1 billion yuan year-on-year +5.1%. The bank pointed out that in 24Q2, the group opened 572 new stores, including 567 new stores in China, completing 64% of the original store opening target for the first half of the year. In 24Q2, the group opened 572 new stores, completing 64% of the original annual target of 1800 stores, with 103 stores closed in 24Q2, resulting in a net opening of 469 stores.
China International Capital Corporation: Significant year-on-year growth in various consumer data during the National Day holiday, with impressive performance in categories such as household appliances, gold, and jewelry.
In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.
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Paul Bin Anthony : tq Sir God bless you all Amen