智通财经APP获悉，高盛发布研报称，华住集团-S(01179)2025年第一季度业绩符合预期，酒店新增速度加快，予买入评级。该行将12个月目标价设为55美元/43港元。华住2025年第一季度公布的息税折旧及摊销前利润(EBITDA)为16亿元人民币。经外汇和其他一次性项目调整后，EBITDA同比增长5%至15亿元人民币，与预期一致。
报告称，中国酒店业务受益于健康的同比21%的前端/中端酒店收入增长(高于指引的18%-22%)，这反映出酒店新增数量超过预期，上半年新增692家，超过全年2300家的目标。息税折旧及摊销前利润率(EBITD Amargin)同比稳定在35.1%，部分得益于销售、一般及行政费用(SG&A)的节省(同比增长2%至收入的12.6%，而2024年第一季度为13.1%)。
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