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China Travel International Investment Hong Kong
(0308)
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Rating:50Neutral
Price Target:
HK$1.00
â–Ľ(-16.67% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by financial performance: earnings volatility (a return to net loss in 2025) and weak/uneven free cash flow despite improved operating cash flow. Technical indicators are broadly neutral with no strong trend signal. Valuation is mixed—an unusually high dividend yield supports the score, but the negative P/E and recent loss-making results add meaningful uncertainty.
Positive Factors
Revenue Recovery
The renewed top-line expansion indicates recovering demand across tourism and travel activities. Sustained revenue growth can improve operating leverage and provide a stronger base for restoring consistent profitability as visitor volumes and tourism consumption normalize.
Negative Factors
Unstable Profitability
The return to a net loss after modest profits in 2023–2024 shows that earnings remain highly sensitive to operating and non-operating factors. This volatility weakens earnings quality and makes it harder to fund growth or reliably return capital to shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The renewed top-line expansion indicates recovering demand across tourism and travel activities. Sustained revenue growth can improve operating leverage and provide a stronger base for restoring consistent profitability as visitor volumes and tourism consumption normalize.
Read all positive factors
China Travel International Investment Hong Kong (0308) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.81B
Dividend Yield28.36%
Average Volume (3M)8.17M
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth-6.83%
EPS Growth-87.50%
CountryHK
Employees7,009
SectorConsumer Cyclical
Sector Strength84
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding5,536,634,000
10 Day Avg. Volume9,583,708
30 Day Avg. Volume8,173,969
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)0.63
Price to Sales (P/S)1.75
P/FCF Ratio44.58
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 Upside25.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.05
Revenue Forecast (FY)HK$4.45B
China Travel International Investment Hong Kong Business Overview & Revenue Model
Company Description
China Travel International Investment Hong Kong Ltd. is an investment holding company, which engages in the provision of travel services. It operates through the following segments: Tourist Attraction and Related Operations, Travel Agency, Travel ...
How the Company Makes Money
The company makes money primarily by operating and investing in travel and tourism-related businesses that generate recurring operating revenue and related service income. Key revenue streams typically include: (1) Tourism destination operations: ...
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
1.20
Price Trends
1.14
Positive
1.14
Positive
1.22
Positive
Market Momentum
0.01
Negative
63.57
Neutral
85.38
Negative
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 1.2 is above the 20-day moving average (MA) of 1.17, above the 50-day MA of 1.14, and below the 200-day MA of 1.22, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 63.57 is Neutral, neither overbought nor oversold. The STOCH value of 85.38 is Negative, 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)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$857.50M | 9.12 | 25.27% | 5.98% | 3.38% | 15.10% | |
76 Outperform | HK$447.45M | 5.11 | 26.54% | 7.31% | 17.32% | 34.39% | |
63 Neutral | HK$328.47M | 7.98 | 1.56% | 3.33% | 705.99% | -56.00% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | HK$6.81B | -80.79 | -0.73% | 28.36% | -6.83% | -87.50% |
* Consumer Cyclical Sector Average
HK:0308
China Travel International Investment Hong Kong
1.20
-0.14
-10.31%
HK:0213
National Electronics Holdings
0.37
<0.01
2.53%
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Water Oasis Group
1.25
0.41
49.16%
HK:2683
Wah Sun Handbags International Holdings Ltd.
1.10
0.36
47.97%
China Travel International Investment Hong Kong Corporate Events
China Travel International Signals HK$80 Million Interim Profit After Strategic Shake-Up
Aug 13, 2026
China Travel International Investment Hong Kong expects to report a profit attributable to shareholders of more than HK$80 million for the six months ended 30 June 2026, reversing a loss of HK$87 million a year earlier. The turnaround reflects a s...
China Travel International Announces Resignation of Non-Executive Director
Jul 29, 2026
China Travel International Investment Hong Kong Limited announced that non-executive director Mr. Zheng Jiang has resigned from the board with effect from 29 July 2026, citing a desire to devote more time to other business commitments. The company...
China Travel International Sets Out Board and Committee Structure
Jul 29, 2026
China Travel International Investment Hong Kong Limited has detailed the composition of its board, which includes executive, non-executive and independent non-executive directors with defined leadership roles. Chairman Wu Qiang and General Manager...
China Travel International to Review Interim Results and Potential Dividend
Jul 27, 2026
China Travel International Investment Hong Kong Limited has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim di...
China Travel International Wins Shareholder Backing for All AGM Resolutions
May 28, 2026
China Travel International Investment Hong Kong reported that all resolutions proposed at its 28 May 2026 annual general meeting were approved by shareholders, including the adoption of the 2025 audited financial statements and a final dividend. S...
China Travel International Investment Hong Kong Posts Strong Q1 2026 on Tourism Rebound and Portfolio Streamlining
May 25, 2026
China Travel International Investment Hong Kong reported a robust start to 2026, with unaudited first-quarter revenue rising 13% year on year to HK$1.1 billion and adjusted net profit doubling to HK$130 million. Excluding its spun-off tourism prop...
China Travel International to Spin Off Hong Kong–Macau Travel Unit for Separate Listing
May 20, 2026
China Travel International Investment Hong Kong plans to spin off CTG HongKong and Macao Culture and Tourism Holding, the Cayman-incorporated holding company for its passenger transport, hotel and travel document businesses, via a distribution in ...
China Travel International Expands Tourism Footprint with New Resorts and Qinghai Joint Venture
May 17, 2026
China Travel International Investment Hong Kong Limited has expanded its cultural and tourism portfolio by acquiring Jilin Songhua Lake International Resorts Company Limited and China Travel (Beijing) Bingxue Sports Development Co., Ltd., which to...
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.