Lyon: Lower TRAVELSKY TECH (00696) target price to HKD 12.5, rating it as "Outperform" against the market.

Lyon released a research report stating that they recently met with the management of TRAVELSKY TECH (00696) and gained a better understanding of its business outlook for the 2025 fiscal year. Lyon quoted the management of China Air Information (AIT) as saying that there are still uncertainties in the recovery of foreign airlines this year, which may drag down the growth of aviation information technology (AIT) business. After rapid growth last year, the systems integration (SI) business is expected to show steady performance in the 2025 fiscal year. The bank has lowered TRAVELSKY TECH's target price from 13.2 Hong Kong dollars to 12.5 Hong Kong dollars, favoring its semi-monopoly nature and improvement in dividend policy, and maintaining an "outperform the market" rating.