CICC raises target price of TRAVELSKY TECH (00696) to HK$14.8, maintains "outperform" rating.

CICC Lion released a research report stating that it has raised the target price of TRAVELSKY TECH (00696) to 14.8 Hong Kong dollars and maintained a "outperform" rating. CICC Lion pointed out that TRAVELSKY TECH's system processing volume is expected to increase by 5.3% in the first half of 2025, mainly affected by the decrease in foreign airline volume. CICC Lion noted the recent trend of Umetrip and believes that the profit/loss of Umetrip should mainly affect the company's investment income. The bank forecasts that revenue and net profit in the first half of 2025 will increase by 8.5% and 7.4% respectively.