HTHT: Expect Better 4Q17 Results and 1Q18 Guidance; Maintain BUY & Raise PT to $175

  • HTHT: Expect Better 4Q17 Results and 1Q18 Guidance; Maintain BUY & Raise PT to $175

HTHT will report 4Q17 results on Tuesday, March 13th after the market close followed by a 9pm ET conference call. Based on its previously released operating data, HTHT is likely to report 4Q17 results better than consensus expectation. For 1Q18, based on our proprietary data, we believe HTHT is likely to achieve RMB2,092.0M, better than consensus at RMB2,025.8M driven by the growth in both  number of hotels to grow 26% Y/Y and  RevPAR at 15% Y/Y growth. We maintain our BUY rating and raise our PT to $175.00.

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T.H. Capital is an independent research and investment advisory firm specializing in China. We offer real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects, from China ADRs to international names that have meaningful exposure to the China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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