GHG trade ideas
GHG breaking out of wedgeAnalysts are also saying that this is a buy.
I want to get in at $13.60. My risk is $13.30.
Don't forget this jewel GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised-and-managed hotels represent almost all of the hotels in its hotel network. The hotel network of the company comprised approximately 2,200 hotels with nearly190,000 rooms in China, covering all centrally-administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all of its revenue from China itself.
The upcoming Spring Festival will drive millions of people to travel within and out of China as disposable income increase. HOTELs will be fully booked months in advance especially for large groups travel.
China opening up of its service industry will also appeal to many foreign companies keen to do business in China. They will need to stay in Hotels and GHG with its extensive hotels network is well catered for that.
Each year, there are also hundreds of business conferences ongoing within China itself and attracting many foreign multinationals, government agencies to attend. Again, hotels are needed for accommodation.
Thus, the demand for hotel rooms , imo will remain high throughout the year.
