HMIN IPO Stock ChartAnalysis

HMIN, HOME INNS & HOTELS MANAGEMENT INC., just began public trading a week or two ago, and it is already up $6 from its IPO of $22.

I like this stock because of the ascending triangle breakout it made today on good volume. Keep this hot IPO stock on your watchlist.

Third Quarter 2006 Highlights
– Total revenues increased 106.3% year-over-year and 15.9% sequentially
to RMB160.4 million (US$20.3 million).
– Net income for the quarter was RMB7.9 million (US$ 1.0 million). Net
income available to ordinary shareholders was RMB4.5 million (US$0.6
million). Net income excluding share-based compensation expenses (non-
GAAP) was RMB21.6 million (US$2.7 million), an increase of 297.7% year-
over-year and 7.7% sequentially.
– Adjusted EBITDA (non-GAAP), defined as earnings before interest, taxes,
depreciation, amortization and share-based compensation expenses, was
RMB41.8 million (US$5.3 million), an increase of 215.7% year-over-year
and 8.3% sequentially.
– Diluted earnings per share amounted to RMB0.14 (US$0.02), and diluted
earnings per ADS were RMB0.29 (US$0.04). Diluted earnings per share
excluding share-based compensation expenses (non-GAAP) were RMB0.39
(US$0.05), and diluted earnings per ADS excluding share-based
compensation expenses (non-GAAP) were RMB0.78 (US$0.10).  Each ADS
represents two ordinary shares.
– During the third quarter of 2006, Home Inns opened 25 new hotels. As of
September 30, 2006, the Home Inns hotel chain consisted of 107 hotels
in operation with an additional 56 hotels under development, covering
45 cities in China.
– Occupancy rate for the Home Inns hotel chain was 94.0% in the third
quarter of 2006, compared with 93.1% during the same period in 2005 and
97.7% in the previous quarter.
– RevPAR, defined as revenue per available room, was RMB172, compared
with RMB169 in the same period of 2005 and RMB182 in the previous
quarter.  The sequential decrease in both occupancy rate and RevPAR was
primarily due to the 25 new hotels opened in the third quarter of 2006