Focus Media came of age

Reading Time: 2 minutes Some random thoughts on Chinese IPOs: Home Inns, New Oriental, Focus Media (Sina). Home Inns I stayed at Home Inns Zhongshan Park this time. This is a relatively new Home Inns hotel (it was operated as Shanghai Ningxia Hotel before joining the Home Inns family recently). One block away, I saw another Home Inns hotel:… Continue reading Focus Media came of age

The economy of China Economy Hotel

Reading Time: 2 minutes In his annual letter to shareholders, Buffett said the “party is over”. He was referring to the insurance business, which is the cornerstone of Berkshire Hathaway. It appears the party for the economy hotels in China is over too. You can read this Chinese article at Sina if you know Chinese. This is understandable because… Continue reading The economy of China Economy Hotel

Home Inns and Longtop

Reading Time: < 1 minute Home Inns (HMIN) is raising fund through convertible bond (up to) $149 m (reuters news). It seems they still need the cash to expand. Longtop got more analyst converge: Deutsche bank and Jefferies initiated with Buy with target price of $30 and $29, respectively. Quoted here: Deutsche Bank initiates coverage on Longtop Financial Technologies (NYSE:… Continue reading Home Inns and Longtop

Home Inns HMIN stays in the game

Reading Time: < 1 minute Here is the Q2 results (Xinhua-PRNewswire). Besides revenue and earning, I’m more interested in the following numbers: — During the second quarter of 2007, Home Inns opened 26 new hotels. As of June 30, 2007, the Home Inns hotel chain consisted of 171 hotels in operation with an additional 63 hotels under development, covering 66… Continue reading Home Inns HMIN stays in the game

Home Inns and Mindray

Reading Time: < 1 minute MR closed above HMIN the first time since its IPO last Sept. MR closed at 30.89, while HMIN closed at 30.81. This comparison is mostly for fun. But seriously I do think HMIN is increasing under competitive pressure in China. Here is another hotel chain, Hanting Hotels, founded by Ji Qi, the co-founder of Ctrip… Continue reading Home Inns and Mindray

FFHL Case Study: risks of investing in China

Reading Time: 2 minutes (Update June 25) Fuwei has a news release regarding this today. (Update June 19) The stock (FFHL) got a big lift (18%) today. Major’s rule No. 2: stock moves when Major mentions it at stlplace, e.g., EDU (mentioned in June 9) and FFHL. Some speculative Chinese stocks got big move too, e.g. EFUT is up 30% today. Seriously I am not saying Fuwei is… Continue reading FFHL Case Study: risks of investing in China

Home Inns experience: the good, the bad

Reading Time: < 1 minute Here is a happy Home Inns customer (from Google Finance). On the other hand, here is a not-so-happy Home Inns customer, Kunwei, who (I believe) has stayed in the US and Singapore for an extended period time before returning to China. So how do we make all of these? Not too much. The thing I want to say… Continue reading Home Inns experience: the good, the bad