MHP Hotel: Strong Q1; premium model proves resilient - NuWays AG Research
Yesterday, MHP released its Q126 hotel performance figures, showing broad-based momentum across the portfolio and confirming the trajectory towards the FY26 guidance.
ANNONS
MHP continues to deliver strong operational results and again displays its ability to establish new upper up-scale and luxury hotels. That said, valuation remains undemanding with a projected FY26e FCFY of >20% (FY27e >30%).
Reiterate BUY, unchanged PT of € 3.30 based on DCF.
