On December 10, Gelonghui reported that H World Group (HTHT.US) fell 4.4% in pre-market trading, priced at $34.99. In terms of news, Daiwa published a Research Report stating that H World Group's performance for the third quarter of the 2024 fiscal year did not meet expectations. Although H World Group is relatively more resilient compared to the entire hotel industry and is expected to gain market share, its low visibility for RevPAR recovery will lead to more sustained downgrades for the stock by 2025. Considering that H World Group's RevPAR growth is below expectations, Daiwa reduced its EBITDA forecast for the 2024 to 2026 fiscal years by 3% to 6%, while also lowering its Target Price for H Shares from HKD 36 to HKD 27.5, with the rating correspondingly downgraded from "Buy" to "Outperform". (Gelonghui)