Serenity Capital Management from Singapore increased its holding in H World Group Limited (NASDAQ:HTHT) by 710,431 shares, raising the overall position value by approximately $30.7 million. This move brought the fund’s total holding to nearly 1.3 million HTHT shares valued at $49.8 million, making it their fourth-largest holding. The stock price was $48.95 as of Friday, up 49% over the past year, outperforming the S&P 500.

The Securities and Exchange Commission (SEC) filing on November 13 revealed that Serenity Capital Management increased its stake in H World Group Limited by 710,431 shares in the last quarter. This pushed the fund’s total holding to nearly 1.3 million shares, valued at $49.8 million post-trade and representing about 6.3% of the fund’s total reportable assets under management (AUM). H World Group Limited is a leading hotel operator in China, operating over 12,700 hotels.

The latest quarter showed H World Group’s revenue rose 8.1% to around $978 million, surpassing guidance, while manachised and franchised revenue increased by more than 27%, highlighting margin expansion. The company’s network includes over 12,700 locations and a pipeline of about 2,700 additional hotels, demonstrating growth prospects. After a significant drop from its 2021 peak, H World Group has focused on cost discipline and an asset-light model to enhance earnings power.

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