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Why H World Group Limited (HTHT) Is Among the Best Hotel Stocks to Buy According to Analysts
Fund Update: Nuveen Asset Management, LLC Added 1,842,244 Shares of H WORLD GROUP ($HTHT) to Their Portfolio
[Brokerage Focus] Western Securities initially rated H World Group (01179) as "Buy". Institutions indicate that the company is strengthening its dual market approach, and its business scale is expected to continue expanding.
Jinwu Finance News | Western Securities research pointed out that H World Group (01179) is the second largest hotel group in China. As of the end of the third quarter of 2024, the company had a total of 10,845 hotels. According to the "2023 Global Hotel Group Rankings" published by USA's HOTELS magazine, the company ranks fifth globally. By the end of the third quarter of 2024, the company had achieved a cumulative revenue of 17.87 billion yuan, with a year-on-year increase of 9.6%, and a net income attributable to the parent company of 3 billion yuan. The adjusted EBITDA was 5.57 billion yuan, with a year-on-year increase of 8.5%. The bank indicated that for the domestic market, the company actively expands.
Some Shareholders Feeling Restless Over H World Group Limited's (NASDAQ:HTHT) P/E Ratio
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HSBC Downgrades H World Group to Hold From Buy; Price Target Is HK$25.27
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