The Hongkong and Shanghai Hotels Ltd (OTCPK:HKSHY)
$ 12.75 -0.86 (-6.32%) Market Cap: 1.06 Bil Enterprise Value: 3.22 Bil PE Ratio: 0 PB Ratio: 0.28 GF Score: 51/100
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Full Year 2018 Hongkong and Shanghai Hotels Ltd Earnings Call Transcript

Mar 14, 2019 / 08:30AM GMT
Release Date Price: $26.25
King Man Kwok
The Hongkong and Shanghai Hotels, Limited - MD, CEO, Chairman of Group Management Board & Executive Director

Welcome. Good to see you all. Our final results were announced to the stock exchange earlier this afternoon. Peter Borer, COO; and Matt Lawson, CFO, you know already.

The disclaimer statement, you are very familiar with, so no need to go through that.

Overview, I think we're pretty happy with the results. It wasn't an easy year. Obviously, a lot of big uncertainties around the world at the moment such as the trade war, Brexit and things like this. And given that situation, our earnings, I think, were quite satisfactory.

Our brand continues to be very well recognized. Peter was recently on stage in Los Angeles with all of his general managers to celebrate that we are the only and the first hotel group in the world where all of our hotels have been rated Forbes Five-Star. And nowadays, of course, there are many hotels that call themselves 5-star, but the Forbes Five-Star award is a very specific award that is only given out after very stringent set of

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