Shanghai Disneyland is the 6th Disneyland which is scheduled to open in early 2016. This is a joint venture between The Walt Disney Company and the government owned Shanghai Sendi Group. The opening of new Disneyland in Shanghai will create many jobs opportunities and give Shanghai economy a boost, especially to the tourism and hotel industry.
As a result, Shanghai Jinjiang International Hotels Group (HK: 2006) listed in Hong Kong Stock Exchange is in advantage. The group has various hotels in Shanghai as well as other parts of China. As a subsidiary of Shanghai Sendi Group, it is also one of the biggest travel agency in China.
The share price of Jinjiang Hotel closed at $2.71, +7.5% in Hong Kong market today. The one year range for the share price is between $2.02 and $4.14.
We believe the opening of upcoming Disneyland will bring in more business for Jinjiang Hotel Group. In long term, this is good for the company's share price.
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