HOTEL PROPERTIES Reports Q2 2023 Earnings Results on August 11th
August 18, 2023
🌥️Earnings Overview
HOTEL PROPERTIES ($SGX:H15) reported their second quarter fiscal year 2023 earnings (ending June 30 2023) on August 11 2023. Total revenue for the period was SGD 319.0 million, representing a 27.9% increase from the prior year. The reported net income for the quarter was SGD -17.2 million, which was lower than the 1.9 million reported in the same period of the previous year.
Share Price
On Friday, HOTEL PROPERTIES reported its Q2 2023 earnings results. The stock opened at SG$3.6 and closed at SG$3.6, representing a 0.3% drop from the previous closing price of 3.7. Despite the decreased share price, the market is still interested in the performance of HOTEL PROPERTIES. The announcement was made on August 11th.
HOTEL PROPERTIES’ overall performance in Q2 2023 was seen as satisfactory. The market is now eagerly waiting for HOTEL PROPERTIES to release its next earnings report and to see if it can keep up its performance. Analysts are also expecting HOTEL PROPERTIES to continue to invest in its properties and to further capitalize on the rising property prices in the market in order to remain competitive. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hotel Properties. More…
| Total Revenues | Net Income | Net Margin |
| 595.04 | 46.81 | 9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hotel Properties. More…
| Operations | Investing | Financing |
| 172.69 | -110.07 | -52.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hotel Properties. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.81k | 1.88k | 3.4 |
Key Ratios Snapshot
Some of the financial key ratios for Hotel Properties are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.0% | -35.7% | 24.7% |
| FCF Margin | ROE | ROA |
| 8.0% | 5.1% | 2.4% |
Analysis
At GoodWhale, we conducted an analysis of HOTEL PROPERTIES‘ financials and found that it has an intermediate health score of 6/10 with regard to its cashflows and debt. We believe the company is likely to pay off debt and fund future operations. We classified HOTEL PROPERTIES as a ‘cheetah’ type of company, which we define as a company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given its strength in assets and dividend and medium growth and profitability, HOTEL PROPERTIES is likely to be attractive to investors who are seeking good returns with some degree of risk, or those looking for a steady source of income. Such investors may include value investors, income investors, or growth investors. More…
Peers
Hotel Properties Ltd is locked in a fierce competition with its competitors, Shangri-La Hotels Malaysia Bhd, Malayan United Industries Bhd, and Shangri-La Asia Ltd. All these companies have been vying for a share of the hotel industry for a number of years, and the competition has only intensified in recent times.
– Shangri-La Hotels Malaysia Bhd ($KLSE:5517)
Shangri-La Hotels Malaysia Bhd is a hospitality company that operates a global portfolio of luxury hotels and resorts in Asia, Europe, the Middle East, and Europe. The company has a market capitalization of 1.14B as of 2023. Return on Equity (ROE) for the company is -0.36%, which is lower than the ROE of the hospitality industry in general. Despite their relatively low ROE, the company has been able to grow their market cap to 1.14B due to its strong presence in international markets, making them one of the key players in the hospitality sector.
– Malayan United Industries Bhd ($KLSE:3891)
Malayan United Industries Bhd (MUI) is a diversified industrial group with interests in the manufacturing and trading of chemicals, timber and agro-based products. It has operations in Malaysia, Singapore, Thailand, Indonesia, and Brunei. As of 2023, MUI’s market capitalization stands at 193.55 million, making it one of the largest companies listed on the Malaysian stock exchange. The company has also been able to achieve a return on equity of 55.74%, which is an impressive figure in terms of profitability. This shows that it is a well-managed and profitable business which is capable of generating strong returns for its shareholders.
– Shangri-La Asia Ltd ($SEHK:00069)
Shangri-La Asia Ltd is a leading hospitality and real estate company based in Hong Kong. It operates more than 100 luxury hotels and resorts in Asia Pacific, North America, the Middle East, Europe, and Africa. The company also has an extensive portfolio of residential, commercial, and retail real estate holdings. As of 2023, Shangri-La Asia Ltd has a market cap of 19.68B which is indicative of the strong reputation the company has for quality and service. In addition, it has a Return on Equity of 0.49%, which shows that the company is running a profitable business and generating wealth for its shareholders.
Summary
Investors in Hotel Properties may want to consider the company’s second quarter earnings results for the fiscal year 2023. Total revenue for the period showed a strong increase of 27.9%, compared to the same period last year. Unfortunately, net income was reported as a loss of SGD -17.2 million, a substantial decline from the SGD 1.9 million reported in same period in the previous year. Nevertheless, investors may want to analyze these results further and consider all factors before making any decisions.
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