HK Stock Market Move | CHINA TRAVEL HK (00308) rose more than 3% recently. The company has proposed distributing physical assets in the tourism real estate industry to focus on its core business. It is expected that the financial statements will significantly improve.

CHINA TRAVEL HK (00308) rose by more than 3%, and as of the time of writing, it was up 2.87% at 1.79 Hong Kong dollars, with a turnover of 44.0488 million Hong Kong dollars. On the news front, recently CHINA TRAVEL HK proposed to distribute its physical tourism real estate business. CITIC SEC pointed out that CHINA TRAVEL HK launched the proposed distribution plan to divest its continuously loss-making tourism real estate business and focus on its core profitable business. The bank analyzed that this plan will help improve the company's performance, enhance profitability, reduce debt levels, and streamline and optimize operational models, with a more focused development strategy. The optimal allocation of resources will help unleash the growth potential of the tourism resort business. The bank believes that this event is of significant long-term significance for the listed company, and the financial statements are expected to significantly improve from 2026. It is recommended to actively pay attention to the investment value of the company.