TravelSky Technology Ltd Class H (HK:0696)
:0696
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TravelSky Technology
(0696)
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Rating:69Neutral
Price Target:
HK$10.50
▲(2.04% Upside)
Action:ReiteratedDate:04/25/26
The score is driven primarily by strong financial quality (high margins and a conservatively levered balance sheet) and supported by reasonable valuation (moderate P/E and a ~2.67% yield). These positives are meaningfully tempered by weak technical momentum, with the stock trading below key moving averages and negative MACD.
Positive Factors
Balance sheet strength
Very low leverage (debt-to-equity ~0.086) and steady equity growth provide durable financial flexibility. That conservatism supports investment in mission-critical systems, cushions cyclical travel demand shocks, and preserves capacity to fund capex, R&D or dividends without heavy refinancing.
Negative Factors
Inconsistent revenue growth
Revenue volatility across recent years (growth in 2023, modest 2024, decline 2025) signals sensitivity to airline volumes and macro travel cycles. That inconsistency can limit visibility on future earnings, impede scalability of high-margin services, and complicate long-term planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage (debt-to-equity ~0.086) and steady equity growth provide durable financial flexibility. That conservatism supports investment in mission-critical systems, cushions cyclical travel demand shocks, and preserves capacity to fund capex, R&D or dividends without heavy refinancing.
Read all positive factors
TravelSky Technology (0696) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$28.33B
Dividend Yield2.44%
Average Volume (3M)8.20M
Price to Earnings (P/E)11.8
Beta (1Y)1.20
Revenue Growth0.10%
EPS Growth12.68%
CountryHK
Employees6,722
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.33
Shares Outstanding932,562,000
10 Day Avg. Volume7,119,383
30 Day Avg. Volume8,200,826
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)1.13
Price to Sales (P/S)3.20
P/FCF Ratio12.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$13.01Price Target Upside26.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)0.86
Revenue Forecast (FY)HK$9.36B
TravelSky Technology Business Overview & Revenue Model
Company Description
TravelSky Technology Limited, together with its subsidiaries, provides information technology solutions for aviation and travel industry in the People's Republic of China. It primarily offers aviation information technology (AIT), distribution inf...
How the Company Makes Money
TravelSky makes money mainly by providing aviation and travel industry IT services and charging customers (primarily airlines) for system usage and related services. Key revenue streams include: (1) Passenger Service System (PSS) and transaction-b...
TravelSky Technology Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
65
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.44B | 8.82B | 6.98B | 5.21B | 5.48B |
| Gross Profit | 4.25B | 4.51B | 6.33B | 2.12B | 2.16B |
| EBITDA | 3.19B | 3.64B | 2.63B | 1.77B | 1.46B |
| Net Income | 2.28B | 2.07B | 1.40B | 627.05M | 551.30M |
Balance Sheet | |||||
| Total Assets | 33.20B | 29.69B | 27.50B | 25.24B | 24.11B |
| Cash, Cash Equivalents and Short-Term Investments | 13.48B | 12.77B | 10.87B | 10.92B | 10.35B |
| Total Debt | 2.06B | 1.45B | 1.11B | 374.47M | 62.25M |
| Total Liabilities | 8.57B | 6.80B | 6.48B | 5.50B | 4.88B |
| Stockholders Equity | 23.99B | 22.30B | 20.47B | 19.23B | 18.76B |
Cash Flow | |||||
| Free Cash Flow | 2.14B | 2.17B | -390.47M | 1.04B | 2.46B |
| Operating Cash Flow | 2.96B | 2.53B | 137.43M | 1.34B | 2.94B |
| Investing Cash Flow | -2.93B | 893.67M | -796.24M | -142.23M | -796.76M |
| Financing Cash Flow | -498.83M | -196.81M | 449.45M | -97.55M | -165.57M |
TravelSky Technology Technical Analysis
Negative
10.29
Price Trends
10.41
Negative
10.52
Negative
10.86
Negative
Market Momentum
-0.13
Negative
46.00
Neutral
39.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0696, the sentiment is Negative. The current price of 10.29 is above the 20-day moving average (MA) of 10.15, below the 50-day MA of 10.41, and below the 200-day MA of 10.86, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 46.00 is Neutral, neither overbought nor oversold. The STOCH value of 39.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0696.
TravelSky Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$650.12M | 1.63 | 4.70% | 7.27% | 7.18% | -20.03% | |
69 Neutral | HK$28.33B | 11.85 | 9.88% | 2.44% | 0.10% | 12.68% | |
67 Neutral | HK$430.05M | -0.34 | 3.70% | 9.12% | 13.15% | 197.79% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$3.44B | 115.07 | -4.20% | 2.65% | 26.48% | ― | |
51 Neutral | HK$814.36M | 6.78 | 1.74% | 2.52% | 13.13% | ― | |
44 Neutral | HK$9.62B | 35.68 | 2.73% | 1.06% | 0.47% | -36.22% |
* Technology Sector Average
HK:0696
TravelSky Technology
9.73
-0.63
-6.10%
HK:0354
Chinasoft International
3.43
-1.30
-27.48%
HK:0861
Digital China Holdings
2.00
-0.41
-17.08%
HK:1075
Capinfo Co., Ltd. Class H
2.74
0.65
30.91%
HK:1522
BII Railway Transportation Technology Holdings Co., Ltd.
0.31
0.04
17.31%
HK:1900
China ITS Holdings Co., Ltd.
0.26
0.12
87.05%
TravelSky Technology Corporate Events
TravelSky details board composition and committee roles in governance update
Apr 13, 2026
TravelSky Technology Limited has announced the current composition of its board of directors, led by chairman and executive director Jiang Bo, and including non-executive, independent non-executive and employee representative directors. The compan...
TravelSky Announces Retirement of Executive Director and General Manager, Interim Leadership Changes
Apr 13, 2026
TravelSky Technology Limited announced the retirement-driven resignation of executive director and general manager Huang Rongshun, who has also stepped down from the Strategy and Investment Committee (Legal Compliance Committee) and as the company...
TravelSky Lifts 2025 Profit and Dividend Despite Slight Revenue Dip
Mar 26, 2026
TravelSky Technology reported total revenue of RMB 8.77 billion for 2025, a slight 0.6% decline from 2024, while keeping operating costs under control and significantly reducing research and development expenses. The company’s net profit att...
TravelSky proposes final 2025 cash dividend of RMB 0.276 per share
Mar 26, 2026
TravelSky Technology has proposed a final ordinary cash dividend of RMB 0.276 per share for the financial year ended 31 December 2025, underscoring its intention to return capital to shareholders following its latest reporting period. Key implemen...
TravelSky Sets March Board Meeting to Approve 2025 Results and Consider Dividends
Mar 16, 2026
TravelSky Technology has scheduled a board meeting for 26 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the potential distributio...
TravelSky Expands Business Scope and Updates Registered Address in Beijing
Feb 27, 2026
TravelSky Technology plans to change its registered address within Beijing’s Shunyi District to Room A2912, Building 5, Yuhang Road No.8 Yard, aligning its corporate domicile with existing contact and postal details that have been in use sin...
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.