Atour Lifestyle Holdings Limited American Depositary SharesNASDAQ: ATAT

SHANGHAI, CHINA, June 10, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced the commencement of a proposed registered underwritten offering by entities affiliated with Legend Capital (“Legend Capital”) of American depositary shares (the “ADSs”), each ADS representing three Class A ordinary shares of par value US$0.0001 each of the Company. Legend Capital proposes to offer an aggregate of 10,000,000 ADSs (the “Secondary Offering”). The underwriters in the proposed Secondary Offering have a 30-day option to purchase up to 1,500,000 additional ADSs from Legend Capital. The Company will not receive any proceeds from the sale of the ADSs by Legend Capital.

SHANGHAI , May 24, 2024 /PRNewswire/ -- May 23, Atour Lifestyle Holdings Limited (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, has released its inaugural Environmental, Social, and Governance (ESG) report for 2023. The report underscores the company's sustainability efforts over the past year and reflects the steady integration of ESG principles into its day-to-day operations.

SHANGHAI, China, May 23, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.

SHANGHAI, China, May 23, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced the release of its 2023 Environmental, Social and Governance (“ESG”) report. The report provides a comprehensive overview and detailed insights regarding the Company's achievements and progress in environmental initiatives, social responsibility, and corporate governance.

Although I have been focusing on moving investments into defensive and dividend stocks, I believe it is crucial to maintain some high-growth stocks in your portfolio as well. The future direction of the market remains uncertain.

Investors interested in stocks in the Leisure and Recreation Services sector may want to consider Royal Caribbean (RCL) or Atour Lifestyle Holdings Limited Sponsored ADR (ATAT). However, determining which of these companies offers the best value for investors seeking undervalued stocks is the key question.

It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. The Progressive (PGR), Booz Allen (BAH), Atour Lifestyle (ATAT) and Stride (LRN) are well-poised to gain.

Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

The mean of analysts' price targets for Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) points to a 61.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.