Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Michelin (CGDE)
  6. News
  7. Summary
    ML   FR0000121261

MICHELIN (CGDE)

(ML)
  Report
Real-time Quote. Real-time Euronext Paris - 10/22 11:36:07 am
132.95 EUR   -1.01%
10/22MICHELIN (CGDE) : The underlying trend is to the upside
10/21MICHELIN : Barclays remains its Buy rating
MD
10/20Amazon and others commit to using zero-carbon shipping fuels by 2040
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Michelin CGDE : Guide 2021 – Guangzhou – 5 new Star Restaurants

09/22/2021 | 08:42am EDT

PRESS RELEASE

MICHELIN GUIDE

Boulogne-Billancourt, September 22, 2021

The MICHELIN Guide Guangzhou 2021 Celebrates

Culinary Diversity

1 new two Star and 4 new one Star Restaurants are featured in

the 2021 selection

Michelin is pleased to announce that the 2021 edition of the MICHELIN Guide Guangzhou was unveiled today at the Ritz-Carlton, Guangzhou. The entire selection, including MICHELIN-starred, Bib Gourmand and Michelin Plate restaurants, as well as two special awards - the Young Chef Award and the Service Award - were announced.

"2021, like 2020, has also been a hard time which has deeply impacted everyone in our daily lives. With our local inspector teams, we are fully aware of the tremendous challenges that chefs and restaurateurs have had to face. However, despite the difficulties, we have all been impressed by their energy, their creativity and their tenaciousness in overcoming the difficulties, and we are grateful for the commitment they have demonstrated to help local communities. From culinary tradition to innovation, from classic cuisine to contemporary variations, Guangzhou is and remains a true paradise for food lovers looking for great gastronomic journeys and new trends to experience. In addition to celebrating the best talents, we also hope this 2021 edition will support the industry," explained Gwendal Poullennec, International Director of the MICHELIN Guides.

In total, 104 restaurants have been listed in the new edition of the MICHELIN Guide Guangzhou, including 3 two Star restaurants, 14 one Star, 33 Bib Gourmand and 54 Michelin Plate restaurants.

1 new two Star and 4 new one Star restaurants

Standing for high-quality cooking with a modern flair, Taian Table newly receives two Michelin Stars. Taian Table stages a dazzling culinary play for diners with its open kitchen, highlighting top-grade ingredients transformed into artworks with European cooking techniques and intricate skills. The two Star accolade is maintained by Imperial Treasure Fine Chinese Cuisine for offering authentic

MICHELIN GUIDE

Cantonese dishes with traditional techniques and Jiang by Chef Fei, who creates a subtle balance between Cantonese culinary heritage and innovation.

The one Star list grows longer this year with 4 new additions. Hongtu Hall, once a Michelin Plate, is promoted to one Star for a mix of exquisite classic and modern dim-sum dishes. The richly experienced master chef and team at Imperial Treasure Fine Teochew Cuisine also earn one Star for their classic Chaozhou dishes.

Rêver is awarded one MICHELIN Star on its very first appearance in the Guide. Opened only in 2020, Rêver serves French-inspired contemporary cuisine that sublimates local, high-quality produce. Perfectly matched with Cantonese elements, the dining experience is enhanced by a plethora of surprises.

Finally, Suyab Courtyard · Pickmoon Gourmet is another young restaurant that makes its debut in the one Star list thanks to its classic Chaozhou dishes inspired by seasonal, high-quality ingredients and impressive attention to detail. The chef's offering is not standardized on a menu, which is absent in this restaurant, but customized to each customer's preferences and budget, which are communicated upon reservation.

10 other restaurants maintain one MICHELIN Star in the latest edition. They are BingSheng Mansion, BingSheng Private Kitchen, Famous Cuisine (Tianhe), Jade River, Lai Heen, Lei Garden (Yuexiu), Lingnan House, Song, Wisca (Haizhu) and Yu Yue Heen.

33 Bib Gourmand and 54 Plate Restaurants

The Bib Gourmand is awarded to 33 restaurants in this year's selection, 3 of which are new to the list. Chuan's Kitchen pays tribute to Sichuan cuisine and craftsmanship with an interior featuring Yingjing Black earthware. Beyond classic Sichuan dishes, the awardee seeks wider inspirations, as demonstrated by the Thick Cut Boiled Fish - one of its signatures. Offering Halal food, Sa Er Ta Dongxiang Shou Zhua brings popular western Chinese flavors to Guangzhou. Diners cannot afford to miss its signature Grabbing Mutton. Another new entrant, Ya Yuan presents classic Cantonese dishes. The unassuming, cozy restaurant sits in an old neighborhood with an atmosphere great for family and friend gatherings. The Bib Gourmand distinction within the 2021 edition of the MICHELIN Guide Guangzhou draws attention to restaurants offering great food at a price no higher than RMB 300 per person (three courses, drinks not included).

MICHELIN GUIDE

In addition to MICHELIN Stars and the Bib Gourmand, 54 restaurants are recommended with a MICHELIN Plate for fresh ingredients and amazing flavors, covering nearly 20 local and international culinary styles, among which, 10 restaurants have been newly selected.

2 Special Awards 2021

Since handing out MICHELIN special awards in Guangzhou last year for the first time, Michelin inspectors have continued to pinpoint talents and professionals in the restaurant and hotel industry.

The 2021 MICHELIN Young Chef Award goes to Chef Biao Hong from Rêver restaurant. Originally from Chaozhou and having grown up in Beijing, 35-year-old Chef Biao initially graduated in finance. He moved into the F&B industry after graduation and studied in a culinary school in the US. Chef Biao and his kitchen team select and prepare the best local ingredients, and subtly infuse elements of Cantonese cuisine into Rêver's European-style fare.

Dayton So from the same restaurant receives the MICHELIN Service Award this year. Anticipating guests' needs, having solid product knowledge and engaging guests with appropriate interaction, are some of the most important aspects of service. Dayton So has mastered all of them. He also encourages harmonious cooperation between other members of the restaurant team and always welcomes guests with a friendly and sincere smile.

The MICHELIN Guide Guangzhou 2021 at a glance:

  • 3 two Star restaurants, including 1 new one.
  • 14 one Star restaurants, including 4 new ones.
  • 33 Bib Gourmand restaurants, including 3 new ones.
  • 54 Michelin Plate restaurants, including 10 new ones.

The complete selection of the MICHELIN Guide Guangzhou 2021 is attached.

MICHELIN GUIDE

Michelin, the leading mobility company, is dedicated to enhancing its clients' mobility, sustainably; designing and distributing the most suitable tires, services and solutions for its clients' needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries. Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has 123,600 employees and operates 71 tire production facilities which together produced around 170 million tires in 2020. (www.michelin.com)

MICHELIN GROUP MEDIA RELATIONS

+33 (0) 1 45 66 22 22

7 days a week

www.michelin.com

@MichelinPress

27 cours de l'Ile Seguin, 92100 Boulogne-Billancourt

MICHELIN GUIDE

MICHELIN GUIDE GUANGZHOU 2021

= New entry in the Guide

  1. = Promoted Restaurant

English Name

Chinese Name

Cuisine Type

Imperial Treasure Fine Chinese

御宝轩

Cantonese / 粤菜

Cuisine

Jiang by Chef Fei

Cantonese / 粤菜

Taian Table

泰安门

European Contemporary / 时尚欧

陆菜

English Name

Chinese Name

Cuisine Type

BingSheng Mansion

炳胜公馆

Cantonese / 粤菜

BingSheng Private Kitchen

炳胜私厨

Cantonese / 粤菜

Famous Cuisine (Tianhe)

半岛名轩 (天河)

Cantonese / 粤菜

Hongtu Hall N

宏图府

Dim Sum / 点心

Imperial Treasure Fine Teochew

御宝阁

Chao Zhou / 潮州菜

Cuisine N

Jade River

玉堂春暖

Cantonese / 粤菜

Lai Heen

丽轩

Cantonese / 粤菜

Lei Garden (Yuexiu)

利苑 (越秀)

Cantonese / 粤菜

Lingnan House

广御轩

Cantonese / 粤菜

Rêver

French contemporary / 时尚法

国菜

Song

Sichuan / 川菜

Suyab CourtyardPickmoon

岁集院子·拾月

Chao Zhou / 潮州菜

Gourmet

Wisca (Haizhu)

惠食佳 (海珠)

Cantonese / 粤菜

Yu Yue Heen

愉粤轩

Cantonese / 粤菜

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Compagnie Générale des établissements Michelin SA published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 12:41:08 UTC.


© Publicnow 2021
All news about MICHELIN (CGDE)
10/21MICHELIN : Barclays remains its Buy rating
MD
10/20Amazon and others commit to using zero-carbon shipping fuels by 2040
RE
10/20MICHELIN : Receives a Buy rating from RBC
MD
10/19IKEA, Amazon, Unilever Among Companies Committing to Zero-Carbon Shipping
DJ
10/19MICHELIN CGDE : Guide 2022 – Kyoto Osaka
PU
10/19MICHELIN CGDE : Guide 2022 – Kyoto Osaka – 207 and 208 restaurants recommended
PU
10/19MICHELIN : Kepler Cheuvreux reiterates its Buy rating
MD
10/15MICHELIN CGDE : Guide 2021 – Moscow
PU
10/15MICHELIN CGDE : Guide 2021 – Moscow – 9 -starred restaurants in this first edi..
PU
10/15MICHELIN CGDE : Guide 2022 – Moscow – 9 -starred restaurants in this first edi..
PU
More news
Analyst Recommendations on MICHELIN (CGDE)
More recommendations
Financials
Sales 2021 22 861 M 26 611 M 26 611 M
Net income 2021 1 800 M 2 095 M 2 095 M
Net Debt 2021 2 991 M 3 481 M 3 481 M
P/E ratio 2021 13,2x
Yield 2021 3,29%
Capitalization 23 712 M 27 581 M 27 601 M
EV / Sales 2021 1,17x
EV / Sales 2022 1,08x
Nbr of Employees 117 540
Free-Float 94,2%
Chart MICHELIN (CGDE)
Duration : Period :
Michelin (CGDE) Technical Analysis Chart | ML | FR0000121261 | MarketScreener
Technical analysis trends MICHELIN (CGDE)
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 132,95 €
Average target price 147,00 €
Spread / Average Target 10,6%
EPS Revisions
Managers and Directors
Florent Menegaux Chief Executive Officer
Yves Chapot Chief Financial Officer & General Manager
Barbara Marguerite Dalibard Chairman-Supervisory Board
Eric Philippe Vinesse Executive Vice President-Research & Development
Jean-Pierre Duprieu Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
MICHELIN (CGDE)26.68%27 581
BRIDGESTONE CORPORATION50.74%31 590
THE GOODYEAR TIRE & RUBBER COMPANY81.58%5 570
SAILUN GROUP CO., LTD.131.79%5 527
NOKIAN RENKAAT OYJ10.20%5 106
KUMHO PETROCHEMICAL CO., LTD.23.10%4 064