T.H. Capital - Huazhu Group Ltd. Sponsored ADR (HTHT) HTHT: Higher Volume Growth Driving Better 3Q19 Topline Growth; Maintain Long-Term BUY

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T.H. Capital

Tian Hou

EUR 233.15 For Business Accounts Only

HTHT: Higher Volume Growth Driving Better 3Q19 Topline Growth; Maintain Long-Term BUY

HTHT will report 3Q19 results on November 12^th after the markets close followed by an 8pm EST conference call. According to preliminary data released by the HTHT and our data as well as our model, total revenue is likely to be above consensus at RMB 3,063M and coming in toward the high end of the company’s guidance at RMB 3,016.6M – RMB 3,071.99M.

04/11/2019 6 EN

Underlying

Huazhu Group Ltd. Sponsored ADR

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US44332N1063 NASDAQ Stock Market Cayman Islands

Provider

T.H. Capital

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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Analysts

Tian Hou

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HTHT: Higher Volume Growth Driving Better 3Q19 Topline Growth; Maintain Long-Term BUY

Vermilion Compass: Weekly Equity Strategy

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PDD: Positive On 4Q23 Performance Driven By Growth From Temu

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