Reading Time: < 1 minute I published an article about Home Inns HMIN on Seekingalpha (Yahoo Finance) today. This was loosely based on my previous post in this blog on Jan 3. Seekingalpha is a financial (stocks in particular) blog platform, and it’s a Yahoo Finance partner.
Reading Time: < 1 minute There are lots of praises for Home Inns (Rujia, most in Chinese). I saw this one in English. Actually from my own experience at four Home Inns in Shanghai I have both praises and complaints. So every coin has two sides. On serious side, I noticed after Home Inns developed the new hotels in Nanjing and Qingdao this year, they are developing very
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