里昂研究报告指，虽然华住集团-S(01179.HK) (HTHT.US) 首季业绩达成指引，收入按年升2.2%，而关键的管理加盟及品牌加盟(M&F)收入升21%，但该行认为表现平平。报告指，每间可售房收入(RevPAR)按年跌3.9%，符合预期，但同店RevPar跌8.3%就令该行感到担忧。而集团利润扩张亦有限，经调整EBITDA按年微升5%。DH分部的轻资产转型开始有进展，但对公司财务状况没有太大影响。
该行将2026及27年经调整EBITDA预测分别下调2.6%及8%，因预期RevPAR疲弱趋势至少维持至2026年，估计2025年RevPAR将下跌3.4%，2026年则持平。另外，该行料集团将于未来三年净开超过2,000间酒店；对其美股目标价由41美元下调至40美元，维持“跑赢大市”评级。(ss/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-05-21 16:25。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.