Citigroup initially bought the rating for Langham Hotel (1270.HK) and looked up at HK$4.74; indicating that it concentrated on developing Hong Kong business (holding Hong Kong Yidong Hotel, Hong Kong Langham Hotel and Hong Kong Langham Hotel), and that the industry prospects are attractive. Coupled with the hotel's superior location and high brand recognition, there is potential for growth; it also indicates that Langham's expected interest rate for 2013 reached 7.6%, which is more attractive than Regal Industrial Trust (1881.HK)'s forecast of 6.5 percent. Langham was listed at HK$5 per share in May.
花旗初予朗廷(1270.HK)买入评级，上望4.74港元
Citi initially gave Langting (1270.HK) a buying rating, rising to HK$4.74
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