Tag: home-inns

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

stlplace
March 13, 2008

Reading Time: < 1 minute The China doemestic stock market resumed trading after a week of recess (for the Lunar New Year). To the surprise of most people and an old Chinese saying “Kai Meng Hong”, the market opened down instead of up. It appears people are still nervous about the US economy and its fallout effect to China economy.

stlplace
February 13, 2008

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:

stlplace
December 4, 2007

Reading Time: 2 minutes Before leaving I stayed at the Jinjiang Inn 锦江之星 near Zhongshan park, so I had an oppertunity to check out the current status of Jinjiang Inn. I stayed in Jinjiang Inn two years ago near Century park at Pudong. Overall I liked the setting, the furniture. It appears to me Jinjiang Inn is more luxurious

stlplace
October 31, 2007

Reading Time: 2 minutes I am resuming this series as I am in Shanghai, and I got first hand look at the consumer spending here. Travel industry grew very fast in recent years due to several factors: 1) The golden week, where people got one week break in Chinese New Year, May 1, and Oct 1; 2) People have

stlplace
August 22, 2007

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

stlplace
August 14, 2007

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

stlplace
July 23, 2007

Reading Time: < 1 minute Heelys sold 5.1 million pairs of its walk/skate shoes in the US during 2006. Note in the US there are about 36 million kids between age of 6 to 14, Heelys’ core customer. In other words, every one out of 7 kids in the US got a pair of Heelys, which sells from $49.99. The

stlplace
July 19, 2007

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

stlplace
June 8, 2007

Reading Time: 2 minutes HMIN looked cheap these days, should we jump in and buy it? I have both MR and HMIN, and as a matter of fact, I bought some more HMIN after its disappointing earning report. My mistake. You may think because HMIN has been to $49, and now it’s trading $29.50, isn’t a big discount? Yes or

stlplace
May 30, 2007
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