China Travel International Investment Hong Kong (0308) AI Stock Analysis

• Market Cap: $7.64B
• Dividend Yield: 24.35%
• Average Volume (3M): 58.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: -2.45%
• EPS Growth: -156.34%
• Country: HK
• Employees: 6,834
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.02
• Shares Outstanding: 5,536,634,000
• 10 Day Avg. Volume: 42,190,660
• 30 Day Avg. Volume: 58,756,974
• PEG Ratio: -0.94
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 1.20
• P/FCF Ratio: -32.60
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 2.88
• Enterprise Value/Gross Profit: 8.77
• Enterprise Value/Ebitda: 14.31
• 1Y Price Target: $1.79
• Price Target Upside: 29.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: HK$2.00 ▲(44.93% Upside)

The stock's overall score is primarily influenced by its solid technical performance, with positive momentum indicators. However, financial performance challenges, particularly in profitability and cash flow, weigh heavily on the score. Valuation concerns due to a negative P/E ratio further impact the overall assessment.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to withstand economic fluctuations and invest in growth opportunities.

Diverse Revenue Streams

Diversified revenue streams from travel agency services, hotel operations, and theme parks reduce dependency on a single income source, enhancing resilience against sector-specific downturns.

Strategic Partnerships

Strategic partnerships with local entities help expand market presence and improve service offerings, providing a competitive edge and potential for long-term growth in the tourism sector.

Negative Factors

Declining Profitability

A significant decline in profitability indicates challenges in cost management and operational efficiency, which could impact the company's ability to reinvest in business growth and innovation.

Cash Flow Challenges

The absence of operating cash flow in 2024 suggests potential liquidity issues, limiting the company's ability to fund operations and invest in future growth without external financing.

Reduced Investment Activity

Reduced capital expenditures may indicate a slowdown in growth initiatives and innovation, potentially affecting the company's competitive position and long-term market relevance.

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 facilities, hot spring resorts, and other resorts, as well as engages in arts performance and tourism property development activities in Mainland China. The company's Travel Agency, Travel Document, and Related Operations segment provides travel agency, travel document, and related services in Hong Kong, Mainland China, South East Asia, Oceania, the United States, and countries in the European Union. Its Hotel Operations segment offers hotel accommodation, and food and beverage services in Hong Kong, Macau, and Mainland China. The company's Passenger Transportation Operations segment provides cross-border transportation services to individuals travelling between Hong Kong, Macau, and Mainland China; and vehicle and vessel rental and charter operations in Hong Kong, Macau, and Mainland China. It also operates golf clubs; trades in computer equipment and provides computer services; and offers travel and air ticketing agency, entry permit handling agency, fuel supply, ship repairing, and logistics and courier services. In addition, the company is involved in property investment; software system development; and shipping and shipping management activities, as well as conference and exhibition operations. The company was incorporated in 1992 and is based in Central, Hong Kong. China Travel International Investment Hong Kong Limited is a subsidiary of China Travel Service (Holdings) Hong Kong Limited.

How the Company Makes Money

The company generates revenue through various channels, including hotel management fees, income from travel-related real estate investments, and service fees from travel agencies and tour operators. Key revenue streams include the management of hotels and resorts, where they earn a percentage of the revenue generated, as well as income from leasing properties developed for tourism purposes. Additionally, partnerships with local and international travel agencies enhance their market reach, enabling them to capture a larger share of the tourism market. The company's earnings are also bolstered by the increasing number of domestic and international travelers in the region, as well as the expansion of their service offerings, which may include customized travel packages and corporate travel management solutions.

China Travel International Investment Hong Kong Financial Statement Overview

Summary

The company has shown resilience in revenue growth, but profitability and cash flow performance have declined. The balance sheet remains robust with low leverage, providing a cushion against short-term volatility. However, the dip in net income and free cash flow highlights the need for improved operational efficiency and cash generation.

Income Statement

The company has shown a consistent revenue growth, with an increase from 2023 to 2024. Gross profit margin has remained stable, but net profit margin has dropped significantly from 5.33% in 2023 to 2.29% in 2024 due to a decrease in net income. EBIT and EBITDA margins have also declined, highlighting challenges in operational efficiency.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio, indicating low leverage. The equity ratio remains healthy, indicating a strong capital base. However, the return on equity has decreased due to lower profitability, reflecting reduced efficiency in generating returns from equity.

Cash Flow

The cash flow statement shows challenges with no operating cash flow reported in 2024, down from a positive operating cash flow in 2023. Free cash flow has been volatile, and its absence in 2024 indicates potential liquidity constraints. The lack of reported capital expenditures suggests reduced investment activity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.48B	4.63B	4.49B	3.03B	3.65B	1.97B
Gross Profit	1.14B	1.49B	1.52B	308.41M	523.13M	72.76M
EBITDA	700.17M	1.00B	954.28M	-174.64M	507.49M	-120.74M
Net Income	-684.50K	105.97M	239.55M	-355.79M	174.02M	-390.79M
Balance Sheet
Total Assets	25.18B	24.53B	25.01B	23.76B	25.81B	25.18B
Cash, Cash Equivalents and Short-Term Investments	3.43B	2.90B	3.26B	2.80B	3.08B	3.26B
Total Debt	2.45B	2.14B	2.66B	1.70B	1.38B	951.85M
Total Liabilities	6.77B	6.40B	6.76B	5.79B	6.69B	6.75B
Stockholders Equity	16.23B	16.11B	16.35B	16.20B	17.33B	16.21B
Cash Flow
Free Cash Flow	-121.11M	-170.18M	-38.08M	-1.05B	-493.36M	-915.86M
Operating Cash Flow	798.12M	692.30M	1.02B	-181.57M	187.22M	-435.54M
Investing Cash Flow	-395.62M	-481.59M	-1.53B	-912.11M	-566.05M	301.15M
Financing Cash Flow	-20.79M	-273.87M	578.26M	743.54M	377.15M	716.29M

China Travel International Investment Hong Kong Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.38 is below the 20-day moving average (MA) of 1.40, above the 50-day MA of 1.37, and above the 200-day MA of 1.12, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.42 is Neutral, neither overbought nor oversold. The STOCH value of 7.35 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0308	63 Neutral	$7.64B	-172.50	-0.27%	24.35%	-2.45%	-156.34%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2255	40 Underperform	HK$9.51B	-5.68	-50.43%	―	-8.83%	-393.39%

China Travel International Investment Hong Kong Corporate Events

China Travel International Announces Major Financial Restructuring

China Travel International Investment Hong Kong Limited has announced an extraordinary general meeting to discuss significant financial restructuring. The company plans a capital reduction from HK$9,222,295,000 to HK$722,295,000, which will allow the transfer of credit to retained profits and create a distributable reserve. Additionally, the company seeks approval for a Proposed Distribution and a Possible Transaction, which includes a cash consideration and other strategic financial maneuvers. These initiatives are aimed at optimizing the company’s financial structure and enhancing shareholder value.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Advances Equity Acquisition with Verified Valuation

China Travel International Investment Hong Kong Limited announced a further update on its acquisition of equity interests in target companies, emphasizing the valuation of the Target Company A using the income approach. The valuation, which constitutes a profit forecast under the Listing Rules, was verified for arithmetical accuracy by Ernst & Young. This acquisition and valuation process underscores the company’s commitment to expanding its investment portfolio and enhancing its market position, potentially impacting stakeholders by indicating future growth and stability in its operations.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Secures HK$500 Million Loan Facility

China Travel International Investment Hong Kong Limited has entered into an agreement with a bank for an uncommitted revolving loan facility of up to HK$500 million. This arrangement requires the company’s controlling shareholder, China Travel Service (Holdings) Hong Kong Limited, to maintain a significant shareholding, ensuring stability and continuity of control. The facility allows flexibility in financial management, but the bank retains the right to modify or cancel the facility at its discretion, impacting the company’s financial strategy and stakeholder interests.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Announces Strategic Distribution of Tourism Real Estate Business

China Travel International Investment Hong Kong has announced a strategic move to distribute its tourism real estate business to shareholders, allowing them to either receive shares in a newly formed private company or opt for a cash alternative. This decision is part of the company’s plan to enhance profitability by concentrating on its core business, while providing shareholders with an opportunity to realize their investments and reduce exposure to risks associated with the tourism real estate sector.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Expands with Strategic Acquisitions

China Travel International Investment Hong Kong has announced the acquisition of 100% equity interests in two target companies through its subsidiary CTS Scenery and the parent company itself. The acquisitions, valued at RMB295 million and RMB5 million respectively, will result in the target companies becoming wholly-owned subsidiaries, with their financial results consolidated into the group’s financial statements. These transactions are classified as discloseable under Hong Kong’s Listing Rules, requiring reporting and announcement but not shareholder approval. The acquisitions are not inter-conditional, allowing for separate completion.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Announces Change of Share Registrar

China Travel International Investment Hong Kong Limited has announced a change in its share registrar, effective from October 2, 2025, to Tricor Investor Services Limited. This change is expected to streamline the process for share transfer registrations and improve administrative efficiency for stakeholders involved with the company’s shares.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Reports First Half 2025 Loss

China Travel International Investment Hong Kong Limited reported a significant downturn in its financial performance for the first half of 2025, with a net loss of HK$74.76 million compared to a profit of HK$100.39 million in the same period of 2024. The decline is attributed to decreased revenue and increased administrative expenses, impacting the company’s profitability and highlighting challenges in maintaining its market position.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Announces Board Reshuffle

China Travel International Investment Hong Kong Limited announced significant changes in its board of directors and committee compositions, effective August 20, 2025. Several directors, including Mr. Tse Cho Che Edward, Mr. Zhang Xiaoke, Mr. Huang Hui, Mr. Chen Johnny, and Mr. Tao Xiaobin, have resigned to focus on other commitments. These changes may impact the company’s strategic direction and governance structure, with Ms. Fang Xuan taking on a more prominent role as chairman of key committees and Mr. Qian Jiannong joining as an independent non-executive director.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.

China Travel International Announces Board Composition

China Travel International Investment Hong Kong Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement is significant as it outlines the leadership structure, which is crucial for stakeholders to understand the company’s governance and strategic direction.

The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.