Bought 30 HMIN shares (Chinese Home Inns and Hotels Management) on September 30 October 6, 2010
Posted by deminvest in China stock, HMIN, HOT, investment strategies, MAR.Tags: hotels, lodging
8 comments
After exchanging a few ideas with Andrew about which kind of risk I like to take, I decided to actually take risk for my September stock pick.
Chinese growing business community will need to travel and sleep out. So I chose HMIN, a large chain of economy hotels in China. This was my order on Etrade:
Thu Sep 30 11:55:36 2010 Buy 30 HMIN Executed @ $49.13
not very inviting Hotel by our standards, probably extremely cheap
What made me chose this hotel chain are its good growth numbers:
Qtrly Revenue Growth (yoy): 25.70%
Qtrly Earnings Growth (yoy): 35.30%
Democratic Investments by the people for the people 