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<Research>M Stanley Upgrades Outlook for CN Hotel Industry, Rates H World (HTHT.US)/ Atour Lifestyle (ATAT.US) as Overweight
Recommend 4 Positive 2 Negative 2 |
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Morgan Stanley has released a research report updating its forecasts for Chinese hotel and leisure companies to reflect its latest industry outlook and the relative operational performance of each company. The broker's preference order was H World (HTHT.US) > Atour Lifestyle (ATAT.US) > BTG HOTELS (600258.SH) > JIN JIANG HOTELS (600754.SS) > CYTS (600138.SH). With the revenue per available room for Chinese hotels having ended a two-year decline and the industry fundamentals turning supportive, Morgan Stanley has picked up on a clear shift from a downturn cycle environment to a recovery phase. It has upgraded its view on the Hong Kong/ Mainland China leisure and accommodation industry to Attractive. H World and Atour Lifestyle have been rated as Overweight by Morgan Stanley, given the highest profitability characteristics they showed. It is expected that their 2026 net profit growth will significantly improve compared to the past three years. Morgan Stanley has lifted its target prices for H World from USD47 to USD65 and for Atour Lifestyle from USD40 to USD45. AASTOCKS Financial News |
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