Achieved 19 consecutive quarters of year-over-year growth driven by the introduction of 8 new ship builds and expanded high-value Medi-Spa services. Strategic reorganization included exiting land-based wellness centers in Asia and restructuring UK and Italy operations to focus capital on high-growth maritime assets. Next-generation Medi-Spa technologies, including Thermage FLX and CoolSculpting Elite, reduced treatment times by up to 50% while driving revenue growth between 23% and 40%. Improved sta ...

Key Takeaways Core Labs' shares jumped 78.8% in six months, outpacing its sub-industry and sector peers.CLB's Q4 2025 revenues rose 7% year over year to $138.3M, driven by strong international demand.CLB cut net debt by $18.7M in 2025, but faces U.S. activity slowdown and tariff-driven margin pressure.Core Laboratories Inc. (CLB) has been on a strong run over the past six months, catching the attention of investors looking for momentum plays in the energy space. The Houston, TX-based oil and gas equipment a ...

2025 Full Year Results 17 February 2026 Cautionary note regarding forward-looking statements This presentation may contain projections and forward looking-statements. The words "believe", "expect", "anticipate", "intend" and "plan" and similar expressions identify forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company's financial position, potential business strategy, potential plans and p ...

Core Insights - Hilton Worldwide Holdings Inc. reported strong financial performance for the fourth quarter of 2026, with an earnings per share (EPS) of $2.08, exceeding the estimated $2.02 [1][5] - The company's revenue for the fourth quarter reached $3.09 billion, surpassing the estimated $2.99 billion, marking a 3.34% increase over the Zacks Consensus Estimate and a significant rise from $2.78 billion in the same quarter last year [2][5] - Hilton's net income for the fourth quarter was $298 million, contributing to a total annual net income of $1.46 billion, with an adjusted EBITDA of $946 million for the quarter [3][5] Financial Metrics - Hilton's price-to-earnings (P/E) ratio is approximately 52.55, and its price-to-sales ratio is about 6.37 [4] - The enterprise value to sales ratio stands around 6.45, while the enterprise value to operating cash flow ratio is approximately 30.97 [4] - The earnings yield for Hilton is about 1.90%, providing insights into its valuation and financial efficiency [4] Business Model and Market Position - The company's asset-light business model, improved margins, and fee growth have contributed to its robust financial performance, even amidst macroeconomic pressures and challenges in the Chinese market [3] - Hilton has consistently surpassed revenue estimates three times in the past four quarters, underscoring its strong market position within the Zacks Hotels and Motels industry [2]

Core Insights - Marriott International, Inc. is a leading global hospitality company with a diverse portfolio of hotels and resorts, competing against major players like Hilton and Hyatt [1] - The company has a price target of $343 set by Mizuho Securities, indicating a potential downside from its current trading price of $359.35 [5] Financial Performance - Marriott's guidance for 2026 is optimistic, driven by strong global brand performance and an expanding loyalty program, particularly in the luxury segment [2][5] - The company expects earnings per share (EPS) growth of 13% to 15% for 2026, supported by its asset-light business model and aggressive share buybacks [3][5] - Current stock price reflects an increase of 8.50% or $28.14, with a market capitalization of approximately $96.43 billion [4] Market Dynamics - U.S. Revenue Per Available Room (RevPAR) growth faces challenges due to weaker spending by middle- and lower-income consumers, while international markets, especially China, are experiencing accelerating growth [2] - Marriott's shares are trading at a high valuation of 30 times forward earnings, which may raise concerns among some investors [3]

Core Viewpoint - Hotel101 Global Holdings Corp. plans to raise up to USD 300 million through the issuance of perpetual convertible preferred shares to support its prop-tech, asset-light business model and facilitate global expansion [1][3]. Proposed Transaction - The proposed capital raise is subject to market conditions and regulatory approvals, and may occur in one or more private placements or registered offerings [2][3]. - The net proceeds from the capital raise will be directed towards the strategic expansion of Hotel101 projects worldwide, enhancing its technology-enabled hospitality platform [3]. Growth Strategy - For 2026, the company aims to secure commitments for a substantial portfolio of hotel rooms across multiple countries, primarily through joint ventures and licensing agreements with local partners [4]. - The long-term vision includes establishing and operating one million Hotel101 rooms across 100 countries, leveraging regional expertise for scalable growth [4][7]. Business Model - Hotel101 operates an asset-light, prop-tech hospitality platform with a standardized "HappyRoom" model and condotel structure, aiming to deliver consistent and affordable hospitality globally [5][7]. - The company generates revenue through the advance sale of hotel units during construction and from long-term recurring revenue from hotel operations [7]. Operational Milestones - The first global Hotel101 project, Hotel101-Madrid, is expected to start accepting guests by March 2026, marking a significant step in the company's global expansion plans [8].

Core Viewpoint - Coca-Cola is favored for long-term investment due to its asset-light business model, which results in higher profit margins and greater cash flexibility compared to PepsiCo [2][5]. Group 1: Business Model and Revenue - Coca-Cola's primary revenue source is from selling concentrates and syrups to independent bottling companies, rather than directly to consumers [2]. - This model allows Coca-Cola to avoid the costs associated with factories, delivery trucks, and logistics, enabling a focus on marketing and brand building [3]. - In contrast, PepsiCo manages most of its distribution chain, leading to higher revenue figures but lower net income compared to Coca-Cola [3]. Group 2: Financial Metrics - Coca-Cola's current market capitalization stands at $310 billion [5]. - The company's gross margin is reported at 61.55%, and it offers a dividend yield of 2.83% [5]. - The stock price of Coca-Cola is currently $71.87, with a day's range between $71.44 and $72.04, and a 52-week range from $61.37 to $74.38 [4][5]. Group 3: Market Position and Economic Resilience - Coca-Cola's strong market position provides it with pricing power, which is advantageous during economic downturns [5]. - The company is viewed as more reliable for long-term investment compared to PepsiCo, despite both companies having demonstrated longevity in the market [5].

Core Viewpoint - Marriott International is positioned as a strong dividend stock despite a modest yield of approximately 0.8%, supported by a robust business model that emphasizes steady growth and significant cash returns to shareholders through share repurchases [4][15]. Business Model and Financial Performance - Marriott operates on an "asset light" business model, primarily acting as a platform operator for hotels owned by other companies, which allows for strong cash flow without heavy capital investment in real estate [6][7]. - In Q3, Marriott's total revenue increased by 4% year-over-year to about $6.5 billion, with base management and franchise fees rising nearly 6% to approximately $1.2 billion, while net income surged by 25% year-over-year [8]. - The company returned a total of $3.1 billion to shareholders over the past three quarters, with expectations to return about $4 billion for the full year, reflecting a solid return for a company with a market capitalization of around $88 billion [9]. Growth Opportunities - Marriott's growth is expected to continue, driven by an increase in hotel openings, room additions, and enhanced customer loyalty engagement, with 17,900 net rooms added in Q3, marking a 4.7% year-over-year increase [10]. - The development pipeline reached a record of approximately 3,900 properties and over 596,000 rooms, which is anticipated to drive fee growth and customer acquisition [10]. - The Marriott Bonvoy loyalty program added 12 million members in Q3, bringing total membership to nearly 260 million, which supports pricing power and enhances brand value for hotel owners [12]. Market Position and Valuation - Marriott's stock trades at a price-to-earnings ratio of 34 and a forward price-to-earnings ratio of 27, indicating that investors are willing to pay a premium for its growth story [15]. - The company’s dividend is underpinned by a fee-based model, a strong loyalty platform, and consistent room growth, which are expected to contribute to both share price appreciation and dividend growth over the long term [15].

Core Viewpoint - Springview Holdings Ltd has entered into an exclusive distribution agreement with Future Faith Pte. Ltd. for premium hardwood and sawn timber products in Singapore, aiming to enhance its presence in the local building materials market [1][2]. Group 1: Agreement Details - Springview Enterprises Pte. Ltd. will serve as the exclusive distributor for Future Faith's premium hardwood and sawn timber products in Singapore, covering marketing, sales, and customer development activities [2]. - The agreement does not involve any equity interest acquisition in Future Faith and requires no upfront payment from Springview [7]. Group 2: Future Faith Overview - Future Faith is a Singapore-based timber trading company that specializes in premium African hardwood logs from the Democratic Republic of the Congo and European Ash sawn timber from Vietnam [3][8]. - The company has expanded its product portfolio to include sawn timber products, catering to markets that prefer processed timber [3]. Group 3: Strategic Rationale - Springview aims to capture higher-margin opportunities and establish stable revenue streams by entering the building materials segment through a distribution model [5]. - The demand for premium hardwood products is strong in Singapore's residential property market, with potential for regional scaling as customer demand and sourcing capabilities grow [6]. Group 4: Company Background - Springview Holdings Ltd, through its subsidiary, has been involved in designing and constructing residential and commercial buildings in Singapore since 2002, offering a comprehensive range of services [9].

Core Insights - Hyatt Hotels has completed the $2 billion sale of the Playa Hotels & Resorts real estate portfolio, which includes 15 all-inclusive properties across Mexico, the Dominican Republic, and Jamaica [1][2]. Group 1: Transaction Details - The real estate portfolio was acquired by Hyatt last year as part of a $2.6 billion acquisition of the Playa Hotels & Resorts brand [2]. - Hyatt sold one of the Playa resorts to a third-party buyer for $22 million in September and has now completed the sale of the remaining 14 properties to Tortuga Resorts [2]. Group 2: Strategic Implications - Hyatt and Tortuga have entered into 50-year management agreements for 13 of the 14 properties, maintaining terms consistent with Hyatt's existing all-inclusive management agreements [3]. - The sale reflects Hyatt's commitment to an asset-light business model, a strategy the company has been focusing on for several years [3]. Group 3: Tortuga Resorts' Growth - The closing of the sale marks a significant milestone for Tortuga, positioning the brand as a leading platform in luxury beachfront hospitality across Mexico and the Caribbean [4]. - Tortuga Resorts is a joint venture between KSL Capital Partners and Rodina, with Leo Schlesinger recently appointed as CEO to lead the next phase of strategic growth [4].