Here's Why TravelSky Technology (HKG:696) Has Caught The Eye Of Investors

Simply Wall StFeb 26 19:38 ET

Major Banks Rating | Citibank: Raises the Target Price of TRAVELSKY TECH to HKD 12.6, rating upgraded to 'Buy'.

Citi issued a report indicating that TRAVELSKY TECH is expected to have net income exceeding 2.05 billion yuan last year, representing a year-on-year growth of no less than 41.4%, which is 11% and 7% higher than the bank and market expectations, respectively. This implies that the consolidated net income for the second half of last year was at least 0.673 billion, signifying a year-on-year growth of over 180%. Citi stated that since the beginning of the year, the stock price of China Aviation Information Technology has remained flat, lagging behind its mainland counterparts, possibly due to concerns about the performance in the second half of the year. The bank expects the company's profits to gradually improve from 2025 to 2026, leading to a reassessment of the stock price out of the downward cycle; at the same time, it raised its earnings per share forecast for 2024 to 2026.

Gelonghui FinanceFeb 17 22:05 ET

Gelonghui Announcement Selection (Hong Kong Stocks) | Orient (03958.HK) net profit for 2024 reached 3.351 billion yuan, a year-on-year increase of 21.68%.

【Today's Focus】Orient (03958.HK) Performance Report: Net income in 2024 reached 3.351 billion yuan, a year-on-year increase of 21.68%. Orient (03958.HK) released the annual performance report for 2024, stating that the company aims to serve the real economy's development as its fundamental purpose, firmly grasping the general tone of high-quality development, adhering to improving quality and efficiency to enhance returns, and continuously optimizing resource allocation, achieving good operational performance. The company achieved revenue of 19.19 billion yuan, with a net income attributable to shareholders of the listed company amounting to 3.351 billion yuan.

Gelonghui FinanceFeb 14 09:57 ET

Selected announcements from the Hong Kong stock market｜In January, Metallurgical Corporation of China reported a 123% year-on-year increase in new overseas contract amounts. TRAVELSKY TECH expects annual profits to exceed 2 billion yuan.

① In January, the Metallurgical Corporation of China experienced a 123% year-on-year increase in overseas new contract amounts; how significant is the scale? ② TRAVELSKY TECH anticipates annual profits exceeding 2 billion yuan; what is the growth rate?

cls.cnFeb 14 08:29 ET

TravelSky Technology's Profit to Balloon 41% in 2024

MT NewswiresFeb 14 05:27 ET

TRAVELSKY TECH (00696.HK): It is expected that the net income for the fiscal year 2024 will not be less than 2.05 billion yuan, with a year-on-year growth rate of not less than 41.4%.

On February 14, Gelonghui reported that TRAVELSKY TECH (00696.HK) announced that compared to the Net income of approximately 1.45 billion yuan recorded for the year ending December 31, 2023, the group expects to achieve a Net income of no less than 2.05 billion yuan for the year ending December 31, 2024, with a year-on-year growth of no less than 41.4%. The main reason is the benefits from the recovery and development of the China's Aviation industry in 2024, leading to increased revenue in sectors related to the group's Information Technology Services, settlement and clearing services, and data network services compared to the same period last year.

Gelonghui FinanceFeb 14 04:04 ET