Reported about 1 year ago
On June 8, 2024, at 4:10 pm, Hotel Royal (2739) saw a boost in its accommodation and dining performance due to the international tourism recovery and a thriving banquet market, leading to a peak stock price of 81.9 yuan on the 6th before pulling back. It found support around 58.5 yuan, rose by 6.18% to 68.7 yuan on the 7th, closing at 67.7 yuan with a 4.64% gain and becoming a leader in the tourism sector. The stock has risen 6.17% this week with two consecutive weekly gains. Institutional investors heavily bought 1,312 shares on the 7th, totaling 1,248 shares for the week, mainly foreign investors with a significant increase. Hotel Royal posted a record high combined revenue of 4.831 billion yuan in 2023, a 41.17% year-on-year increase, with a net profit of 414 million yuan and an earnings per share of 4.52 yuan, surpassing pre-pandemic levels. More news from United Daily News on Big Moves by Great Wall, New Factory in China, Investment Advisory Points to Hangzhou First, Ningde Times Contends for the Golden Bull, Largest Lithium Battery Base by CATL Commences Production in Fuding, Exceeding Over One Hundred Billion Yuan in Output Value.
Source: YAHOO