China Travel International Investment Hong Kong Limited (HK:0308)
:0308
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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
Sustained top-line recovery (including a 17.2% rise in 2025) indicates durable demand rebound for travel services across Greater China. A strengthening revenue base supports long-term capacity to scale operations, restore margins, and finance strategic initiatives when cyclical headwinds ease.
Negative Factors
Profitability volatility
The swing back to a net loss and negative margin highlights inconsistent earnings quality despite revenue growth. Persistent profit volatility undermines the firm's ability to reliably generate retained earnings, constraining reinvestment, dividend sustainability and long-term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
Sustained top-line recovery (including a 17.2% rise in 2025) indicates durable demand rebound for travel services across Greater China. A strengthening revenue base supports long-term capacity to scale operations, restore margins, and finance strategic initiatives when cyclical headwinds ease.
Read all positive factors
China Travel International Investment Hong Kong (0308) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.70B
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
Employees6,834
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.05
Shares Outstanding5,536,634,000
10 Day Avg. Volume42,190,660
30 Day Avg. Volume58,756,974
Financial Highlights & Ratios
PEG Ratio-0.30
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$4.57B
China Travel International Investment Hong Kong Business Overview & Revenue Model
Company Description
China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services. Its Tourist Attraction and Related Operations segment operates theme parks, scenic spots, cable car systems, skiing facil...
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
Positive
1.36
Price Trends
1.16
Positive
1.25
Positive
1.30
Negative
Market Momentum
0.02
Negative
68.35
Neutral
27.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0308, the sentiment is Positive. The current price of 1.36 is above the 20-day moving average (MA) of 1.15, above the 50-day MA of 1.16, and above the 200-day MA of 1.30, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 68.35 is Neutral, neither overbought nor oversold. The STOCH value of 27.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0308.
China Travel International Investment Hong Kong Peers Comparison
UnderperformOutperform
Sector (61)
HK:0308
China Travel International Investment Hong Kong
1.28
0.47
58.42%
HK:2255
Haichang Ocean Park Holdings Ltd.
0.42
-0.42
-50.00%
China Travel International Investment Hong Kong Corporate Events
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...
China Travel International Tightens Focus on Core Tourism Assets Amid 2025 Loss
Mar 31, 2026
China Travel International Investment Hong Kong reported 2025 consolidated revenue from continuing operations of HK$4,076 million, down 2% year on year, and a loss attributable to shareholders of HK$282 million after heavy discontinued-operation l...
China Travel International Lifts Deposit Caps Under New Framework With CTG Finance
Mar 31, 2026
China Travel International Investment Hong Kong has entered into a new 2026 Financial Services Framework Agreement with CTG Finance to meet higher-than-expected demand for deposit services from its mainland subsidiaries, driven by rising idle fund...
China Travel International Warns of 2025 Loss but Highlights Resilient Tourism Operations
Mar 23, 2026
China Travel International Investment Hong Kong has warned that it expects to swing to a loss of more than HK$250 million for 2025, reversing from a HK$106 million profit in 2024, following a preliminary review of unaudited accounts. The setback i...
China Travel International Sets March Board Meeting on 2025 Results and Dividend
Mar 4, 2026
China Travel International Investment Hong Kong has scheduled a board meeting for 31 March 2026 to approve the full‑year 2025 results of the company and its subsidiaries and to consider the declaration of a final dividend. The move signals t...
China Travel International Details Conservative Valuation Assumptions for Ski Resort Acquisition
Feb 25, 2026
China Travel International Investment Hong Kong has issued supplemental information on its previously announced acquisition of equity interests in a ski resort-focused Target Company A, valued at about RMB346.1 million using an income approach. Th...
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.