Citigroup: Raised target price of China Civil Aviation Information Network (00696.HK) to 14.8 Hong Kong dollars, maintaining "outperform" rating.

According to the Securities Times app, Citi Research has raised the target price of China Aviation Information Network (00696.HK) to 14.8 Hong Kong dollars and maintains an "outperform" rating. Citi Research points out that the system processing volume of China Aviation Information Network has increased by 5.3% in the first half of 2025, mainly dragged down by the decrease in volume of foreign airlines. Citi Research has noticed the recent trend of Umetrip and believes that the profit/loss of Umetrip will mainly affect the company's investment income. The bank expects that revenue and net profit in the first half of 2025 will increase by 8.5% and 7.4% respectively.