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China Travel International Investment Hong Kong
(0308)
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Rating:50Neutral
Price Target:
HK$1.00
▼(-26.47% Downside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by mixed financial performance—strong revenue recovery but a 2025 net loss and weak free-cash-flow consistency. Technicals further weigh on the outlook with bearish momentum and a longer-term downtrend. Valuation is supported by an exceptionally high dividend yield, but the negative P/E and recent losses temper that benefit.
Positive Factors
Revenue Recovery
A strong top-line rebound with +17.2% in 2025 signals durable demand recovery for travel services and better capacity utilization. Sustained revenue growth supports margin recovery potential and provides a foundation for reinvesting in operations over the next several quarters.
Negative Factors
Return to Net Loss / Margin Volatility
A swing to a net loss despite positive operating profit highlights earnings-quality issues from non-operating items or financing costs. Margin volatility undermines predictable earnings and complicates planning for dividends, reinvestment, and creditor confidence over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
A strong top-line rebound with +17.2% in 2025 signals durable demand recovery for travel services and better capacity utilization. Sustained revenue growth supports margin recovery potential and provides a foundation for reinvesting in operations over the next several quarters.
Read all positive factors
China Travel International Investment Hong Kong (0308) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.70B
Dividend Yield25.45%
Average Volume (3M)58.76M
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth-11.91%
EPS Growth-366.49%
CountryHK
Employees7,009
SectorConsumer Cyclical
Sector Strength84
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding5,536,634,000
10 Day Avg. Volume42,190,660
30 Day Avg. Volume58,756,974
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)0.81
Price to Sales (P/S)2.24
P/FCF Ratio56.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.50Price Target Upside10.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.05
Revenue Forecast (FY)HK$4.53B
China Travel International Investment Hong Kong Business Overview & Revenue Model
Company Description
China Travel International Investment Hong Kong Ltd. is an investment holding company, which engages in the provision of travel services. It operates through the following segments: Tourist Attraction and Related Operations, Travel Agency, Travel ...
How the Company Makes Money
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China Travel International Investment Hong Kong Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.08B | 4.63B | 4.49B | 3.03B | 3.65B |
| Gross Profit | 1.21B | 1.49B | 1.52B | 308.41M | 523.13M |
| EBITDA | 900.47M | 1.00B | 954.28M | -174.64M | 507.49M |
| Net Income | -282.07M | 105.97M | 239.55M | -355.79M | 174.02M |
Balance Sheet | |||||
| Total Assets | 18.33B | 24.53B | 25.01B | 23.76B | 25.81B |
| Cash, Cash Equivalents and Short-Term Investments | 2.99B | 2.90B | 3.26B | 2.80B | 3.08B |
| Total Debt | 2.73B | 2.14B | 2.66B | 1.70B | 1.38B |
| Total Liabilities | 5.06B | 6.40B | 6.76B | 5.79B | 6.69B |
| Stockholders Equity | 11.27B | 16.11B | 16.35B | 16.20B | 17.33B |
Cash Flow | |||||
| Free Cash Flow | 160.20M | -170.18M | -38.08M | -1.05B | -493.36M |
| Operating Cash Flow | 914.91M | 692.30M | 1.02B | -181.57M | 187.22M |
| Investing Cash Flow | -958.46M | -481.59M | -1.53B | -912.11M | -566.05M |
| Financing Cash Flow | 561.48M | -273.87M | 578.26M | 743.54M | 377.15M |
China Travel International Investment Hong Kong Technical Analysis
Negative
1.36
Price Trends
1.13
Negative
1.19
Negative
1.27
Negative
Market Momentum
-0.03
Positive
34.89
Neutral
24.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0308, the sentiment is Negative. The current price of 1.36 is above the 20-day moving average (MA) of 1.11, above the 50-day MA of 1.13, and above the 200-day MA of 1.27, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 34.89 is Neutral, neither overbought nor oversold. The STOCH value of 24.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0308.
China Travel International Investment Hong Kong Peers Comparison
UnderperformOutperform
Sector (61)
HK:0308
China Travel International Investment Hong Kong
1.03
-0.16
-13.66%
HK:2255
Haichang Ocean Park Holdings Ltd.
0.33
-0.48
-59.26%
China Travel International Investment Hong Kong Corporate Events
China Travel International Wins Shareholder Backing for All AGM Resolutions
May 28, 2026
China Travel International Investment Hong Kong reported that all resolutions proposed at its 28 May 2026 annual general meeting were approved by shareholders, including the adoption of the 2025 audited financial statements and a final dividend. S...
China Travel International Investment Hong Kong Posts Strong Q1 2026 on Tourism Rebound and Portfolio Streamlining
May 25, 2026
China Travel International Investment Hong Kong reported a robust start to 2026, with unaudited first-quarter revenue rising 13% year on year to HK$1.1 billion and adjusted net profit doubling to HK$130 million. Excluding its spun-off tourism prop...
China Travel International to Spin Off Hong Kong–Macau Travel Unit for Separate Listing
May 20, 2026
China Travel International Investment Hong Kong plans to spin off CTG HongKong and Macao Culture and Tourism Holding, the Cayman-incorporated holding company for its passenger transport, hotel and travel document businesses, via a distribution in ...
China Travel International Expands Tourism Footprint with New Resorts and Qinghai Joint Venture
May 17, 2026
China Travel International Investment Hong Kong Limited has expanded its cultural and tourism portfolio by acquiring Jilin Songhua Lake International Resorts Company Limited and China Travel (Beijing) Bingxue Sports Development Co., Ltd., which to...
China Travel International Sets 2026 AGM to Approve Dividend, Board Mandates
Apr 29, 2026
China Travel International Investment Hong Kong Limited has called its annual general meeting for 28 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed ...
China Travel International Declares Final Dividend for 2025 Financial Year
Apr 1, 2026
China Travel International Investment Hong Kong Limited has declared a final ordinary dividend of HKD 0.01 per share for the financial year ended 31 December 2025, underscoring its commitment to returning capital to shareholders despite a cautious...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.