In a report last week about China's consumer market potential, Bank of America Securities analysts chose hotel operator H World as one of its top picks.
"We believe H World is best positioned to capture long-term growth in the China hotel industry given best-in-class execution," the analysts said.
BofA rates H World a buy, and expects its U.S.-listed shares can reach $47.
That's 30% above where H World shares closed Thursday.
In China, H World also owns master franchisee rights for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel.
Persons:
Wang Xing, Meituan, Styles, Grand, Goldman Sachs, Morgan Stanley, Wang, Neil Shen, Shen, BTG's, BTG, Trip.com, — CNBC's Michael Bloom
Organizations:
HSBC, Hong, Bank of America Securities, Mercure, Grand Mercure, Novotel, Travelers, BTG Hotels, Shanghai, Jefferies
Locations:
Hong Kong, China, U.S, Asia, Macau, Taiwan, —, Mainland China