Home Inns & Hotels Management

Home Inns & Hotels Management Inc. (NASDAQ: HMIN) will acquire Motel 168, “China's fifth largest economy hotel chain, with $262M revenue/$60M EBITDA in 2010, for $470M,” Oppenheimer reports. “The acquisition seems to be made at an attractive valuation,” Oppenheimer writes. “Together with Motel...

BMC reiterated its Buy rating on Home Inns and Hotels Management (NASDAQ: HMIN). In a research report published today, BMC decided to leave its price target unchanged at $49 after Home Inns reported Q1 results in line with market expectations. In yesterday's trading, Home Inns lost 0.27% of its...

Goldman Sachs is out with its report today on Home Inns & Hotel Management (NASDAQ: HMIN), lowering its PT from $53 to $52. In a note to clients, Goldman Sachs writes, "We fine-tune our 2011E-2013E EPS by -1% to +3% on 1Q's cost run-rates and 2010 annual report disclosures, with a new 12-month...

In a recent report, Goldman Sachs has reiterated a Neutral rating on Home Inns & Hotel Management (HASDAQ: HMIN) after the company falls below expectations in 1Q. In the report, Goldman Sachs said, "While valuation is undemanding at 11.4x 2011E EV/EBITDA with a 21% EBITDA CAGR over 2010-...

Goldman Sachs Reports That, While M&A May Shift Positions, Econ Hotel Penetration Remains Low (SVN, HTHT, HMIN) Goldman Sachs reported that, “We think organic growth is still the way forward as Motel 168's rooms inventory equates to only 1.5-2.0 years of growth by any of the 3 economy names....

Deutsche Bank is commenting on Home Inns & Hotels Management Inc.'s (NASDAQ: HMIN) 4Q results, which it says were “a strong beat on better-than-expected margins as new unit adds were back-end loaded. '11 revenue guidance makes sense to us given the openings schedule, and could prove...

Goldman Sachs is out with its report today on Home Inns & Hotels Management (NASDAQ: HMIN), raising its price target from $52.50 to $53. In its report sent to clients, Goldman Sachs states, "We fine-tune our 2011E-2013E EPS on slightly better cost savings and our 12-m EV/EBITDA-based TP to US$...