锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展

市场资讯2022-11-28

锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展公司公告：公司拟以协议转让方式收购锦江资管、锦江资本、西藏弘毅持有的上海齐程网络科技有限公司（WeHotel）合计65%股权，交易价格85,020万元。收购完成后，公司对WeHotel持股增至75%。国信社服观点：1）公司拟收购Wehotel 65%股权，前端业务整合迈出关键一步。Wehotel系公司酒店...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2286859108?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2022-11-28 16:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2286859108","market":"us","top_or_hot":-1,"title":"锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展","media":"市场资讯","content":"<div>\n<p>锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展公司公告：公司拟以协议转让方式收购锦江资管、锦江资本、西藏弘毅持有的上海齐程网络科技有限公司（WeHotel）合计65%股权，交易价格85,020万元。收购完成后，公司对WeHotel持股增至75%。国信社服观点：1）公司拟收购Wehotel 65%股权，前端业务整合迈出关键一步。Wehotel系公司酒店...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/stockzmt/2022-11-28/doc-imqqsmrp7847858.shtml\">网页链接</a>\n\n</div>\n","source":"sina_symbol","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 16:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/stockzmt/2022-11-28/doc-imqqsmrp7847858.shtml><strong>市场资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展公司公告：公司拟以协议转让方式收购锦江资管、锦江资本、西藏弘毅持有的上海齐程网络科技有限公司（WeHotel）合计65%股权，交易价格85,020万元。收购完成后，公司对WeHotel持股增至75%。国信社服观点：1）公司拟收购Wehotel 65%股权，前端业务整合迈出关键一步。Wehotel系公司酒店...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/stockzmt/2022-11-28/doc-imqqsmrp7847858.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0012","symbol_name":"证金概念","start_time":0,"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/stockzmt/2022-11-28/doc-imqqsmrp7847858.shtml","article_id":"2286859108","we_media_id":null,"thumbnails":[],"rights":{"source":"sina_symbol","url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/stockzmt/2022-11-28/doc-imqqsmrp7847858.shtml","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.title{#titleStyle#}a{#lv2TextColor#}.extra-info, .source{#sourceStyle#;}","selectors":".module-article, article","filters":"header, .voice2, .tags, #norm_qrcode_link_auto, .unfold-box, .action","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2286859108","pubTimestamp":1669622963,"sourceInfo":{"source_id":"sina_symbol","name":"新浪媒体新闻"},"weMediaInfo":null,"summary":"锦江酒店 公司快评:收购Wehotel强化前端整合，持续助力高质量发展公司公告：公司拟以协议转让方式收购锦江资管、锦江资本、西藏弘毅持有的上海齐程网络科技有限公司合计65%股权，交易价格85,020万元。国信社服观点：1）公司拟收购Wehotel 65%股权，前端业务整合迈出关键一步。","collect":0,"end_time":0,"defaultTopTitle":"sina.cn","property":[],"viewcount":null,"language":"zh","relate_stocks":{"600754":"锦江酒店","BK0012":"证金概念","BK0196":"行业龙头","BK0185":"二线龙头","BK0053":"迪士尼","BK0020":"浦东新区","LU1997245177.USD":"安联神洲A股基金","BK0246":"住宿","BK0028":"国家队","BK0184":"上海国资改革","LU1997245094.SGD":"安联神州A股基金AT Acc SGD"},"translate_title":"Jinjiang Hotel (600754. SH) Company Quick Review: Acquisition of Wehotel strengthens front-end integration and continues to help high-quality development","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600754":1},"content_text":"锦江酒店(600754.SH) 公司快评:收购Wehotel强化前端整合，持续助力高质量发展公司公告：公司拟以协议转让方式收购锦江资管、锦江资本、西藏弘毅持有的上海齐程网络科技有限公司（WeHotel）合计65%股权，交易价格85,020万元。收购完成后，公司对WeHotel持股增至75%。国信社服观点：1）公司拟收购Wehotel 65%股权，前端业务整合迈出关键一步。Wehotel系公司酒店业务中央预订平台，本次收购承诺22-24年归母净利润不低于0.28/0.40/0.58亿元，收购对价对应22-24年估值47/33/23x，估值相对不低，但本次收购有望全面加速公司前端业务整合，解决相关同业竞争问题，对公司成长具关键意义。2）与竞争对手相比，公司此前酒店预订前端收益综合贡献相对较低，未来伴随Wehotel收购整合和公司存量项目到期迭代和新签项目新收费协议的谈判推进，公司中央预订占比&收费比例提升有望助力公司中线成长，并且会员体系权益优化和集团赋能提升等，公司核心竞争力有望持续强化。3）假设本次收购今年内落定，暂未考虑发行GDR可能带来的摊薄影响（具体需要看GDR发股规模确定），我们略上调公司22-24EPS至0.04/1.55/2.18元（此前为0.03/1.51/2.13元），对应23-24年估值32/23x。由于出行复苏预期反复等影响，公司近期股价有所调整。但中线来看，行业出清加速龙头集中，公司未来一看行业复苏弹性；二看立足一中心三平台，公司前中后台整合持续深化，尤其收购Wehotel后前端整合的提速带来综合前端收益提升，且未来海外业务整合及高端布局均有望强化。综合来看，公司正从高速增长走向高质量发展，积极打造全球一流酒店集团，仍维持公司“买入”评级。证券分析师：曾光（S0980511040003）；钟潇（S0980513100003）；张鲁（S0980521120002）；联系人：杨玉莹；","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2286859108"}