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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.
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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%

(more…)

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