In today’s briefing:
- Mandarin Oriental (MAND SP): Life Is Suite
Mandarin Oriental (MAND SP): Life Is Suite
- Hong Kong is – very gradually – rolling back Covid restrictions
- That’s a welcome relief for tourists, and for hospitality companies dependent on tourism.
- Mandarin Oriental International (MAND SP) is trading cheap at 0.7x P/B against 1.8x on average (five years) pre-Covid.
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