Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

Travelsky Technology Ltd H / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/travelsky-technology-ltd-h" target="_blank" data-smartkarma-citation="entities:19829:1" rel="noopener">Travelsky Technology Ltd H (696 HK)</a> has been the predictable play for a rebound in domestic tourism in China.</li>
<li>1H23 result did not show anything that should alert investors to the changes in business practices.</li>
<li>The recent profit warning disclosure has alerted investors that there is something else beyond the usual.</li>
</ul>



Travelsky Technology Ltd H (696 HK) has been the predictable play for a rebound in domestic tourism in China.
1H23 result did not show anything that should alert investors to the changes in business practices.
The recent profit warning disclosure has alerted investors that there is something else beyond the usual.


Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

<ul>
<li>By one metric, outbound tourism in December improved to 89% of 2019 levels</li>
<li>Meanwhile, domestic activity in December remained close to pre-Covid levels</li>
<li>In this month's edition we track the tourism recovery in ten illustrative charts</li>
</ul>


By one metric, outbound tourism in December improved to 89% of 2019 levels
Meanwhile, domestic activity in December remained close to pre-Covid levels
In this month's edition we track the tourism recovery in ten illustrative charts


Monthly Chinese Tourism Tracker | China's 2023 Recovery in Ten Charts | (January 2024)

<ul>
<li>Visa-Free travel for Chinese tourists is certainly a boost for the <a href="https://www.smartkarma.com/entities/airports-of-thailand-pcl" target="_blank" data-smartkarma-citation="entities:239:1" rel="noopener">Airports of Thailand (AOT TB)</a> .</li>
<li>Compared to 2019 operational numbers, the 2023 number is still very low despite the large YoY gain thanks to the low base in 2022. </li>
<li>The valuation is still high as the share price has run ahead of its fundamentals.</li>
</ul>


Visa-Free travel for Chinese tourists is certainly a boost for the Airports of Thailand (AOT TB) .
Compared to 2019 operational numbers, the 2023 number is still very low despite the large YoY gain thanks to the low base in 2022. 
The valuation is still high as the share price has run ahead of its fundamentals.


Airport of Thailand (AOT): Not the Right Time

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<li>
<a href="https://www.smartkarma.com/entities/travelsky-technology-ltd-h" target="_blank" data-smartkarma-citation="entities:19829:1" rel="noopener">Travelsky Technology Ltd H (696 HK)</a> is the IT provider for airports in China thus it should be one of the stocks to benefit from China's reopening.</li>
<li>Despite already operating at a profit, the share price is still lagging behind the other travel-related names that are still loss-making.</li>
<li>Its operating numbers have already reached the 2019 level, a pre-COVID era, thus the opportunity to rebound is abundant. </li>
</ul>



Travelsky Technology Ltd H (696 HK) is the IT provider for airports in China thus it should be one of the stocks to benefit from China's reopening.
Despite already operating at a profit, the share price is still lagging behind the other travel-related names that are still loss-making.
Its operating numbers have already reached the 2019 level, a pre-COVID era, thus the opportunity to rebound is abundant. 


Travelsky (696): The Ignored Travel Stock of China

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

Covid-19 /: Covid surge leaves blood banks begging for donations around ChinaEconomy /: Key policy meeting highlights economic stability and restoring confidenceProperty /: China real estate’s nagging woes are ‘top priority,’ state economist says

Covid-19 /: Covid surge leaves blood banks begging for donations around ChinaEconomy /: Key policy meeting highlights economic stability and restoring confidenceProperty /: China real estate’s nagging woes are ‘top priority,’ state economist says

CX Daily: China’s Drive to Kick the Foreign IT Habit

China

Travelsky Technology Limited provides information technology solutions for China's air travel and tourism industries.  The Company provides electronic travel distribution systems, or ETD, in China, develops airport passenger processing and air cargo systems, owns and operates real-time network for China's civil aviation industry, and operates Internet-based travel platform.

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Travelsky Technology Ltd H (696 HK)

Travelsky (696): Stay Away for Now

Usually Travelsky is reliable name for a play in rebound in domestic tourism with a relatively predictable earnings but the recent disclosure...

Henry Soediarko

Monthly Chinese Tourism Tracker | China's 2023 Recovery in Ten Charts | (January 2024)

In this insight we document China's ongoing recovery in outbound and domestic tourism demand by sharing with readers ten illustrative charts.

Tracking Traffic

Airport of Thailand (AOT): Not the Right Time

As the Thai government issues a visa-free policy for Chinese tourists, it is expected that AOT will benefit but its share price has run ahead of...

Henry Soediarko

Travelsky (696): The Ignored Travel Stock of China

Already operating at a profit, Travelsky 696 HK share price is still lagging behind the other travel-related names that are still loss-making. The...

Henry Soediarko

CX Daily: China’s Drive to Kick the Foreign IT Habit

Covid surge leaves blood banks begging for donations around China. Key policy meeting highlights economic stability and restoring confidence. China...

Caixin Global

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