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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Mandarin Oriental International Limited    M04   BMG578481068

MANDARIN ORIENTAL INTERNATIONAL LIMITED

(M04)
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Mandarin Oriental Doesn't Expect Recovery Until 2021

07/30/2020 | 06:34am EST

By Adria Calatayud

Mandarin Oriental International Ltd. said Thursday that it doesn't expect a material recovery in business levels until 2021 at the earliest as it posted a widened first-half net loss due to hotel closures caused by the coronavirus pandemic.

The luxury hotel group said net loss for the period was $435.5 million compared with a $12.1 million loss in the year-earlier period. The company's underlying loss for the first half was $102 million compared with an underlying profit of $11 million in the first half of 2019, it said.

Revenue fell to $95.5 million from $279.6 million a year earlier, Mandarin Oriental said.

The company said it anticipates a significant loss for the second half of 2020.

"The board remains confident that the Group's robust financial position and strong brand will enable Mandarin Oriental to weather the downturn and return to profit when luxury travel begins to recover," Chairman Ben Keswick said.

Mandarin Oriental said no interim dividend will be paid in light of coronavirus uncertainty.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

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Financials (USD)
Sales 2020 - - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 1,67%
Capitalization 2 274 M 2 274 M -
Capi. / Sales 2020 -
Capi. / Sales 2021 -
Nbr of Employees -
Free-Float 20,6%
Chart MANDARIN ORIENTAL INTERNATIONAL LIMITED
Duration : Period :
Mandarin Oriental International Limited Technical Analysis Chart | M04 | BMG578481068 | MarketScreener
Technical analysis trends MANDARIN ORIENTAL INTERNATIONAL LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
 
Mean consensus SELL
Number of Analysts 1
Average target price 1,06 $
Last Close Price 1,80 $
Spread / Highest target -41,1%
Spread / Average Target -41,1%
Spread / Lowest Target -41,1%
Managers and Directors
NameTitle
Peter James Holland Riley Group Chief Executive Officer & Director
Benjamin William Keswick Chairman
Christoph Mares Chief Operating Officer
Craig Alan Beattie Chief Financial Officer & Director
Monika Nerger Chief Information Officer