Travelsky Technology (696.HK) United States trade war resumed, Airline industry will suffer in the short term May 23, 2019 298
Investment Summary
Travelsky Technology is the largest provider of the aviation information systems in
China, which developed systems, such as flight control, air ticket distribution, check-in,
boarding and load planning, accounting, settlement and clearing system, and aviation
logistic. Based on DCF valuation, we derived a TP of HK$23.74, implied a P/E of 24.5x
and 22x in 2019/20F. We maintain a “Buy” rating with a potential upside of 42.8%.
(Closing price at 20 May 2019)
About the author
Terry Li
Investment Analyst
Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.