---
title: "HSBC Research initiates a \"Buy\" rating on TRAVELSKY TECH with a target price of 12.8 yuan"
description: "HSBC Research has given China Civil Aviation Information Network a \"Buy\" rating for the first time, with a target price of 12.8 yuan. The report points out that the stable growth in passenger volume w"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/275538248.md"
published_at: "2026-02-11T01:43:07.000Z"
---

# HSBC Research initiates a "Buy" rating on TRAVELSKY TECH with a target price of 12.8 yuan

> HSBC Research has given China Civil Aviation Information Network a "Buy" rating for the first time, with a target price of 12.8 yuan. The report points out that the stable growth in passenger volume will enhance operational leverage, support an increase in the dividend payout ratio, and drive valuation. It is expected that from 2024 to 2027, the average annual compound growth rate of revenue will be 3.9%, the average annual compound growth rate of EBIT will be 9.4%, and the average annual compound growth rate of net profit will be 8%. The dividend payout ratio is expected to rise from 34% in 2024 to 45% in 2027, with the current dividend yield at approximately 4%

HSBC Research published a report stating that the stable growth in passenger volume of China Civil Aviation Information Network (00696.HK) should help strengthen operational leverage and support an increase in the dividend payout ratio to drive valuation. The bank has initiated a "Buy" rating with a target price of HKD 12.8, believing that the stock is a low beta income investment target in the Chinese aviation tourism sector.

The bank predicts that driven by growth in passenger volume and limited increases in average selling price, China Civil Aviation Information Network's revenue will expand at a compound annual growth rate of 3.9% from 2024 to 2027. With the normalization of operating expenses, it is estimated that the company's EBIT will grow faster at a compound annual growth rate of 9.4%. Additionally, it forecasts a compound annual growth rate of net profit reaching 8%, with the dividend payout ratio expected to rise from 34% in 2024 to an estimated 45% in 2027, implying a current dividend yield of approximately 4%

### Related Stocks

- [00696.HK - TRAVELSKY TECH](https://longbridge.com/en/quote/00696.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 富达国民信息服务｜8-K：2025 财年 Q4 营收 28.12 亿美元超过预期 |  | [Link](https://longbridge.com/en/news/276733672.md) |
| Kenvue｜10-K：2025 财年营收 151 亿美元超过预期 |  | [Link](https://longbridge.com/en/news/276440459.md) |
| 评股论经：创值科技 \| 联合早报网 | 创值科技（Addvalue Technologies）被首次研究分析并给予 “买入” 评级，目标价为 0.12 元，当前闭市价为 0.089 元（+1.14%）。该公司在航天和无人机行业中具备稳健盈利能力和良好增长潜力，预计 2025—20 | [Link](https://longbridge.com/en/news/276429025.md) |
| 富兰克林电子｜10-K：2025 财年营收 21.31 亿美元不及预期 |  | [Link](https://longbridge.com/en/news/276479931.md) |
| Clarivate｜8-K：2025 财年 Q4 营收 6.17 亿美元超过预期 |  | [Link](https://longbridge.com/en/news/276722157.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.