Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for H World Group, driven by higher revenues, with a focus on how actual results will compare to estimates [1][2] Earnings Expectations - The earnings report is expected on November 26, 2024, with an anticipated EPS of $0.69, reflecting a 23.2% increase year-over-year [3][4] - Revenues are projected to reach $933.86 million, marking an 8.5% increase from the previous year [4] Estimate Revisions - The consensus EPS estimate has been revised 3.13% higher in the last 30 days, indicating a collective reassessment by analysts [5] - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [11][12] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with a strong predictor for positive readings [8][9] - H World Group currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [13] Historical Performance - In the last reported quarter, H World Group's actual earnings of $0.46 per share fell short of the expected $0.52, resulting in a surprise of -11.54% [14] - Over the past four quarters, the company has exceeded consensus EPS estimates twice [15] Conclusion - While H World Group does not appear to be a strong candidate for an earnings beat, investors should consider other influencing factors before making decisions [18]

Core Viewpoint - H World Group Limited, a significant player in the global hotel industry, is set to release its unaudited financial results for Q3 2024 on November 26, 2024, after market hours in Hong Kong and before the U.S. market opens [1]. Company Overview - H World Group Limited operates 10,286 hotels with a total of 1,001,865 rooms across 18 countries as of June 30, 2024 [5]. - The company’s hotel brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon, and Song Hotels [5]. - H World holds master franchise rights for Mercure, Ibis, and Ibis Styles, along with co-development rights for Grand Mercure and Novotel in the pan-China region [5]. Business Model - H World employs a mixed business model that includes leased and owned, manachised, and franchised hotels [5]. - As of June 30, 2024, 10% of hotel rooms were operated under the lease and ownership model, while 90% were under the manachise and franchise model [5].

Group 1 - H World Group Limited (HTHT) is experiencing significant activity in the options market, particularly with the Jan 17, 2025 $15.00 Call option showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a substantial rally or sell-off [2] - Currently, H World Group holds a Zacks Rank 3 (Hold) in the Hotels and Motels industry, which is in the bottom 17% of the Zacks Industry Rank, with no analysts increasing their estimates for the current quarter and one analyst revising downward [3] Group 2 - The high implied volatility for H World Group may indicate a developing trading opportunity, as options traders often seek to sell premium on options with high implied volatility to capture decay [4]

Investment Rating - The report assigns a "Buy" rating to Huazhu Group-S (01179) for the next 6 months [1] Financial Performance - Q2 2024 revenue reached RMB 6.15 billion, up 11.2% YoY [1] - Net profit attributable to shareholders was RMB 1.1 billion, increasing 5.1% YoY [1] - Operating profit margin improved to 25.6%, up 0.6 percentage points YoY [1] - Domestic hotel revenue grew 11.1% YoY to RMB 4.8 billion [1] - Deutsche Hospitality revenue increased 11.6% YoY to RMB 1.3 billion [1] - Direct-operated revenue rose 2.5% YoY to RMB 3.7 billion [1] - Franchise revenue surged 25.8% YoY to RMB 2.3 billion [1] Operational Metrics - Domestic RevPAR declined 2.0% YoY to RMB 244, with recovery rate at 118.4% compared to 2019 levels [1] - Domestic ADR decreased 3.0% YoY to RMB 296, representing 125% of 2019 levels [1] - Domestic occupancy rate improved 0.7 percentage points YoY to 82.6%, reaching 95.1% of 2019 levels [1] - Deutsche Hospitality RevPAR increased 4.5% YoY to €82, with recovery rate improving 17.2 percentage points to 115% [1] Expansion Strategy - Opened 572 new hotels in Q2 2024, including 567 domestic properties [1] - Achieved 64% of annual new hotel target in H1 2024 [1] - Total domestic hotel count reached 10,150, with 136 international properties [1] - Raised full-year new hotel guidance to 2,200 from previous 1,800 [1] Valuation and Outlook - Forecasts net profit of RMB 4.0/4.6/4.9 billion for 2024-2026 [1] - Current PE ratios stand at 24x/21x/20x for 2024-2026 [1] - Expects Q3 2024 revenue growth of 2%-5% [1] Industry Analysis - The company operates in the non-essential consumer sector, specifically tourism and leisure facilities [1] - Huazhu Group demonstrates leading scale advantages and operational efficiency in the hotel industry [1]

Core Insights - H World Group Ltd (HTHT) shares increased by 4.28% on October 2, reaching an intraday high of $41.61 before closing at $40.52, which is 4.00% below its 52-week high and 49.91% above its 52-week low [1][2] Group 1: Stock Performance - The trading volume for H World Group Ltd was 1,656,441 shares, representing 83.3% of the average daily volume of 1,988,006 [1] - The stock's current price of $40.52 is 4.00% below its 52-week high of $42.21 and 49.91% above its 52-week low of $27.03 [1] Group 2: Analyst Forecasts - The average target price for H World Group Ltd, based on estimates from 15 analysts, is $45.10, indicating an upside of 11.29% from the current price [2] - The consensus recommendation from 19 brokerage firms gives H World Group Ltd an average rating of 1.6, suggesting an "Outperform" status [2] - GuruFocus estimates the GF Value for H World Group Ltd at $58.31 in one year, suggesting a potential upside of 43.9% from the current price [2]

H World Group (HTHT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HTHT broke through the 200-day moving average, which suggests a long-term bullish trend.The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or r ...

Exhibit 99.1 Contact Information Investor Relations Tel: +86 (21) 6195 9561 Email: ir@hworld.com https://ir.hworld.com H World Group Limited Reports Second Quarter and Interim of 2024 Unaudited Financial Results · A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024. · Hotel turnover increased 15.5% year-over-year to RMB23.4 billion in the second quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover from the Legacy-Huaz ...

Group 1 - H World Group (HTHT) has reached a key level of support and recently crossed above the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is favored by traders as it smooths out price fluctuations and provides trend reversal signals [1] - HTHT shares have increased by 10.1% over the past four weeks, and the stock is currently rated as Zacks Rank 3 (Hold), suggesting potential for continued gains [3] Group 2 - There have been two upward revisions in HTHT's earnings estimates for the current fiscal year, with no downward revisions, indicating a positive outlook [3] - The consensus earnings estimate for HTHT has also moved up, reinforcing the bullish sentiment among investors [3] - Given the technical indicators and positive earnings revisions, HTHT is positioned for potential further gains in the near future [3]

SINGAPORE and SHANGHAI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024. Ms. Chen has deep financia ...

Thomas BarwickSummary I am positive on H World Group Limited (NASDAQ:HTHT). My summarized thesis is that the domestic travel & leisure industry in China is still very robust. Flight volume data has recovered very strongly and is seeing no signs of weakness even in July. I see this as a strong indicator of hotel demand, which is a big positive for HTHT. In addition, HTHT is executing very well on various growth initiatives that should better position it to capture demand. Given my positive outlook, I don ...