The Zhitong Finance App learned that Daiwa released a research report stating that it reaffirmed the Huazhu Group-S (01179.HK) “buy” rating and raised the 12-month target price from HK$46 to HK$47, based on the constant 12 times 2026 corporate value multiplier (EV/EBITDA), and calculated from the fourth quarter of 2026 to the third quarter of 2027 EBITDA. Huazhu Group's second-quarter revenue increased 11% year on year to 7.1 billion yuan (same below), and adjusted EBITDA increased 20% year over year to 772.5 million yuan, 9% higher than market expectations. It was mainly driven by the expansion of core EBITDA profit margin to 38.3%, which was 35.3% in the same period last year. During the period, Huazhu Group's overall revenue per rentable room (RevPAR) increased 1.1% year-on-year, benefiting from the continuous upgrading of the hotel portfolio.

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