Disclaimer: Asian Century Stocks uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers, including whether any investment suits your specific needs. From time to time, I may have positions in the securities covered in the articles on this website. Full disclosure: I do not hold a position in The Hongkong & Shanghai Hotel at the time of publishing this article. To reiterate, this post and the below presentation are for informational and educational purposes only － not a recommendation to buy or sell shares.
The Hongkong & Shanghai Hotels (45 HK — US$1.3 billion) is a family-controlled hospitality company with a rich history.
Today, the company owns and operates hotels under the “The Peninsula” brand name. They’re widely seen as some of the best in the world. For example, check out the following reviews from Booking.com:
“This is HK's most famous hotel and deserves its reputation. We have stayed in many hotels and this is in a class of its own.” – The Peninsula, Hong Kong
“The best hotel ever I stayed. Every thing was exceptionally very good from the staff to cleanliness to location, the service was excellent.” - The Peninsula Istanbul
“The best hotel in London, not cheap but worth every penny! Superb facilities and staff... outstanding.” – The Peninsula, London
The stock trades at 0.28x book value. Which begs the questions: is the book value real, and can value be unlocked?
The company has three main segments:
Listen to this episode with a 7-day free trial
Subscribe to Asian Century Stocks to listen to this post and get 7 days of free access to the full post archives.
