CICC: Maintain China Civil Aviation Information Network (00696.HK) outperform rating with a target price of HK$13.

According to the app of Wise Finance, CICC has released a research report stating that it maintains China Civil Aviation Information Network (00696.HK) profit forecast for 2025 and 2026 at 23.27 billion yuan and 25.81 billion yuan, respectively. The current stock price corresponds to a 2025 price-earnings ratio of 13.6 times and a 2026 price-earnings ratio of 12.1 times. It maintains an outperform industry rating and a target price of 13 Hong Kong dollars (corresponding to a 2025 price-earnings ratio of 15 times and a 2026 price-earnings ratio of 13 times), with an upside potential of 10.2% compared to the current stock price. The company's 1H25 revenue was 38.95 billion yuan, a year-on-year decrease of 3.6%; net profit attributable to the parent company was 14.48 billion yuan, a year-on-year increase of 5.9%, meeting market expectations.