HOTEL LEELA TARGET 70
I have stuck at 65 , looking for exit
On Sep 12, 10:49 am, wildthing wrote: > Hi all, > > I see a lot of Interest in Hotel Leela off late.. what are the seniors > views on it? > I have been holding it for sometime from the 56 levels.. > > -siraj > > On Sep 11, 8:04 pm, “sunil soni” wrote: > > > > > Recommendation: Buy Broking firm: UTI securities Reco price: Rs 44 CMP: Rs > > 45.25 Target price: Rs 70 Upside: 55% > > > Hotel Leela\’s upcoming properties at Hyderabad, Pune,Chennai and Delhi will > > open in 2010 and will more than double its existing room inventory to 2640 > > rooms. Over the next two years, the primary growth drivers for the company > > will be room refurbishments at Leela Kempinski, Mumbai and 105 room > > additions at Bangalore amid supply shortages & double-digit demand growth at > > both cities. > > > Further, the company\’s plan of developing an IT park project at Chennai is > > slated to open by March 2008 and would provide additional rental > > incomeof > > Rs. 130 crore FY09E onwards. The > > stockhas > > underperformed for past six months but trades at a reasonable > > valuation > > of 13 times and 9 times for FY08 and FY09 estimated earnings. > > > UTI Securities research report dated 6th September 2007 has put a buy rating > > on HotelLeela > > with a price target of Rs 70. > > > One of the key players in the Indian five-star hospitality segment, Hotel > > Leela has a portfolio of 4 hotel properties at Mumbai, Bangalore, Goa & > > Kovalam. The company has a marketing tie-up with the Kempinski group based > > in Europe. Hotel Leela is the market > > leaderin > > 2 of the 4 locations and among the top 3 players in the remaining two > > earning an overall RevPAR premium of 1.2 over peers in the premium segment. > > The company > > believes in the ideology in providing nothing but the best to its guests and > > has had a policy of not compromising on ARRs even if it means slightly lower > > occupancies. > > > The stockis > > undervalued at cmp of Rs 44 at a P/E multiple of > > 11.2x FY08E and 8.6x FY09E earnings. > > > A Value Buy.- Hide quoted text - > > - Show quoted text -
