Travelsky Tech 0696

Travelsky Tech 0696

Postby winston » Mon Jun 22, 2015 6:39 am

not vested

The share price of Travelsky Tech (0696) has fallen 20 percent. Stock valuation is getting attractive.

Source: Dr Check, The Standard HK
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Re: Travelsky Tech 0696

Postby winston » Fri Aug 21, 2015 5:15 am

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The firm is a dominant provider of information technology solutions for China's aviation and travel industries.

The aviation information technology offered by the company, which consist of a series of products and solutions, are provided to mainland commercial airlines and more than 300 foreign and regional commercial airlines.

Travelsky Tech announced total income amounted to 5.34 billion yuan (HK$6.46 billion) last year, up 18.3 percent.

Net profit hit 1.65 billion yuan, up 37.1 percent.

The stock trades at 12.7 time historical earnings. Its annual earnings have risen to record highs in the past few years.

The stock is now at an attractive level after a 40 percent correction from the peak.

Source: Dr Check, The Standard HK
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Re: Travelsky Tech 0696

Postby winston » Fri Sep 18, 2015 8:30 am

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To be defensive, if you like China's aviation industry, you should not buy airlines shares. Instead, you should consider Travelsky Tech (0696).

The firm is a dominant provider of information technology solutions to mainland commercial airlines and more than 300 foreign and regional commercial airlines. Its major shareholders are top China airlines and, therefore, business is guaranteed.

Interim net profit rose 2 percent to 1.15 billion yuan (HK$1.39 billion).

The stock trades at 14 times historical earnings. Its annual earnings have kept renewing record highs.

The stock is now hovering at an attractive level after a 30 percent correction from its peak.

Source: Dr Check, The Standard
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Re: Travelsky Tech 0696

Postby winston » Tue Dec 29, 2015 6:32 am

not vested

To get defensive, if you like China's aviation industry, you might consider Travelsky Tech (0696).

The firm is a top provider of information technology solutions to mainland commercial airlines and more than 300 foreign and regional commercial airlines. Its major shareholders are large mainland carriers. Thus, business is guaranteed.

The stock trades at 17 times historical earnings. Its annual earnings have kept renewing record highs.

CICC rated Travelsky at Recommend, with a target price at HK$17.

Source: Dr Check, The Standard
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Re: Travelsky Tech 0696

Postby winston » Fri Apr 21, 2017 8:36 am

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China has made great efforts to develop civil aviation.

The National Tourism Administration also said that the number of outbound trips in the next five years will exceed 600 million, and the average annual compound growth of the aeronautical information technology business is expected to reach 10-15 percent over the next few years.

Travelsky Tech (696) is the sole China civil aviation data provider. The company has also expanded its business to tourism information. Last May it spent US$39.4 million (HK$307 million) to acquire Irish tourism technology OpenJaw.

Daiwa Research has raised its target price for TravelSky Tech to HK$21, and maintained its "buy" rating. Daiwa expects TravelSky to record 13-15 percent year-on-year EPS growth for 2017-19 on continued growth in air traffic in China.

Source: Dr Check, The Standard
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Re: Travelsky Tech 0696

Postby winston » Wed Apr 17, 2019 10:51 am

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TRAVELSKY TECH(696)

Analysis:
The Group is the largest provider of the aviation information systems in China, which developed systems, such as flight control, air ticket distribution, check-in, boarding and load planning, accounting, settlement and clearing system, and aviation logistic.

And, Clients include airlines, airports, travel suppliers, travel agencies, freight forwarders, IATA and other large international organizations and governments.

The Group announced its 2018 annual results, where the revenue grew by 11% to RMB 7.47 billion;

The operating profit dropped by 6.2% to RMB 2.32 billion due mainly to the larger increase in cost than expected, such as technical support and maintenance fees, commission and promotion expenses as well as other operating expenses.

We expect to see commissions and promotion expenses as percentage of revenue increase in the future.

As the distribution market of foreign airlines is opened for competitions and the flights of China Airlines further expand overseas, the Group will need to increase its investment in overseas distribution markets.

On the contrary, we expect that other operating cost percentage of revenue will gradually decline in the future, because the operating costs of the operation centers are relatively fixed.

As the revenue rises, it is believed that the proportion will also fall. As a result, we estimate that the decrease in the proportion of other operating costs is greater than the increase in that of commission and promotion expenses, operating profit margin will gradually improve. Therefore, we believe the plunge in stock price offered the opportunity.

Strategy:
Buy -in Price: $19.00, Target Price: $25.00, Cut! Loss Price: $17.50

Source: Phillips
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Re: Travelsky Tech 0696

Postby winston » Wed Jul 10, 2019 12:41 pm

not vested

TRAVELSKY TECH(696)

Analysis:

Travelsky Technology (696) provides Electronic Travel Distribution (“ETD”) services and Airport Passenger Processing system services (“APP”) to customers, as well as accounting, settlement and clearing services to commercial airlines and other aviation corporations.

The Group also generates revenue from equipment installation project and non-proprietary customers` information system development project and from provision of data networking services to aviation corporations.

For the financial year ended 31 December, 2018, the Group recorded revenue of RMB7.472 billion, representing an increase of 11% over Year 2017 but net profit attributable to shareholders only increased by 3.4% to RMB2.325 billion.

Due to the disappointing results, its share price has recorded a decline of nearly 40 percent from the peak seen in February, rendering its valuation attractive. (I do not hold the above stock)

Strategy:
Buy-in Price: $16.00, Target Price: $18.00, Cut Loss Price: $15.00

Source: Stop Loss
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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