Reading Time: < 1 minute Home Inns’ (HMIN) stock traded above $40 for the first time today Jan 3, 2007. Since its debut on Oct 26, 2006, the stock almost doubled from its first day close price (about $22.50). From traditional valuation point of view, this is a bit insane. As a stock holder I am also nervous about such
Reading Time: < 1 minute HMIN # of ADRs 32,283,906/2 Price (27Dec06) $35 Market Cap (USD) $1,129,936,710/2 Note Google Finance has incorrect number Rev (RMB) Q1 Q2 Q3 Q4 2005 109,405,488 (1st half) 77,733,825 98,722,199 2006 110,671,567 138,386,977 160,352,229 170,000,000 YoY 106% 72% Est 2006 Rev: $73,343,136 (assume 1 USD = 7.9 CNY ) Market Cap/Sales: 7.5 (it’s not totally out of whack 🙂 Note: # of ADRs is outstanding shares expressed
Reading Time: < 1 minute I am not good at predicting the top or bottom of stocks, so take it for what it worth… First is the LFC, China Life Insurance, which went from 100 to 140 in a few days mainly due to the “back to China” IPO in Shanghai Stock Exchange. Note GSH and other China blue chip
Reading Time: 2 minutes I mean the stock (HMIN), not the motel because I am in the US now. I know it was a little speculative, but I think it’s ok to put 20% of my “mad money” into this even after the amazing run from $22 to as high as $34. I think there are many reasons account
Reading Time: 2 minutes Home Inns (HMIN) and Mindray (MR) both reported their Q3 earning last week. I listened to both the conference calls. HMIN obviously did better with revenue growth: RMB 160.4 m, 106.3% year over year growth. Mindray’s revenue growth was 21.6% because of the anti-corruption campaign in Chinese hospitals. I think that growth factor determined the stock
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