HTHT will report 3Q18 results on November 15th after the markets close followed by an 8pm EST conference call. According to HTHT’s preliminary data and our model, total revenue is likely to be higher than topline consensus at RMB2,658M (+12.0% Y/Y), driven by the increase in ADR and the number of hotels. We do believe 4Q18 is not going to be a weak quarter as there is a 5-day China International Import Expo in Shanghai from Nov. 5 – Nov. 10.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers 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 China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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