Hong Kong Stock Movement | CHINA TRAVEL HK (00308) Rises Over 3% as Company Proposes Asset Spin-off to Focus on Core Business, Financials Expected to Improve Significantly

Stock News

Oct 27

CHINA TRAVEL HK (00308) has seen its stock rise over 3%, with a current increase of 2.87% to HKD 1.79, and a trading volume of HKD 44.0488 million. Recently, the company proposed an asset spin-off in its tourism real estate sector. CITIC Securities noted that CHINA TRAVEL HK's proposal aims to divest its consistently loss-making tourism real estate business to concentrate on its core profit-generating activities. The firm believes that this strategy will help improve the company's performance, enhance profitability, and reduce debt levels. Additionally, the operational model is set to be streamlined and optimized, while a more focused development strategy will allow for better resource allocation, thereby unlocking growth potential in tourism operations. CITIC Securities considers this development crucial for the listed company's long-term growth, anticipating significant improvements in financial statements beginning in 2026, and recommends paying close attention to the investment value of the company.

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