Zheshang Securities Co.Ltd(601878) on February 13, the research report entitled “extraordinary integrity, accumulation and thin development, M & A opens the curtain of large-scale” said that it gave a buy rating of Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) (301073. SZ). The reasons for rating mainly include: 1) 15 years of intensive cultivation of medium and high-end selected service hotels, and the net interest rate and roe far exceed the competitive pair; 2) The chain rate of the industry continues to increase, and the proportion of medium and high-end hotels has a large room for improvement; 3) Listing and financing, acquisition of Junlan / Jinglan, and acceleration of large-scale competition; 4) On the basis that the demand situation returns to 2019 (see the text for key assumptions), carry out profit and loss under a single variable. Risk tips: the epidemic repair is less than expected, the demand recovery is less than expected, the risk of M & a failure, etc.
AI comments: Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) has received attention from 5 research reports of securities companies in recent month, and bought 3, with an average target price of 65.81 yuan.
