JPMorgan Chase released a research report stating that Huazhu Group's first-quarter performance and second-quarter revenue growth guidance were stable, coupled with the latest industry data.onlineroulettepaypalThe bank's support has further enhanced its confidence. It is expected that the Group will continue its strong trend in the first quarter and outperform its peers in the second quarter and the rest of this year.
Motong expects that despite the high base, the group's revenue will still record a year-on-year growth rate of approximately 10% from the second quarter to the fourth quarter of this year, and adjusted net profit is expected to increase by more than 10% year-on-year. It will continue to outperform the industry's operating performance expectations. In the next few years, it will reiterate its "buy" rating and increase its target price from HK$35 to HK$37, corresponding to a 25 times the 2024 forecast P/E ratio or 20 times the 2025 forecast P/E ratio.