Added to YB: 2024-01-30
Pitch date: 2024-01-30
0696.HK [bullish]
TravelSky Technology Limited
+37.14%
current return
Author Info
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Company Info
TravelSky Technology Limited, together with its subsidiaries, provides information technology solutions for aviation and travel industries in the People’s Republic of China.
Market Cap
HKD 31.3B
Pitch Price
HKD 7.66
Price Target
N/A
Dividend
2.23%
EV/EBITDA
6.30
P/E
15.11
EV/Sales
2.34
Sector
Hotels, Restaurants and Leisure
Category
value
TravelSky Technology (ticker: 0696.HK)
0696.HK: Near-monopoly IT provider for Chinese air travel. Sold off on slow post-Covid recovery, but quality biz at trough valuation. Major net cash (half of mcap) de-risks investment case. Travel demand likely to rebound over time, providing significant upside. Previously owned by Fundsmith & Polen.
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