Analyst Research Report Snapshot

Title:

MILLENNIUM & COPTHORNE HOTELS - BOTTOM REACHED?

Price:

$10.00

Provider:

Edison Investment Research

Date:

10 Aug 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

MLC.L

Available for Immediate Download
Summary:

So harsh has been the impact of recession that a possible earnings rebound risks being taken as read, given M&C’s operational gearing. While this may be encouraged by an arguably less negative outlook statement than those made recently by its peers, M&C’s weak international brand, coupled with a relatively high exposure to Manhattan and European gateway cities, offers little comfort at a time of protracted softness in the ‘international traveller’ segment. FOR MORE INFORMATION ON THE ATTACHED RESEARCH PLEASE CALL 020 3077 5700 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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