Credit Lyonnais released a research report stating that TRAVELSKY TECH (00696)'s latest July operational data indicates that foreign airline passenger recovery may still be slow in the second half of this year. The System Integration (SI) business dragged down the company's revenue growth in the first half, but management expects more projects to be launched in the second half. However, the visibility of these project developments remains low, prompting the firm to adopt a more conservative approach in its forecasts.

Credit Lyonnais noted that TRAVELSKY TECH's profitability improvement is proceeding as planned and should continue to advance. The firm lowered its target price from HK$14.8 to HK$12.8 but maintained its "Outperform" rating, with current forecasts projecting net profit of RMB 2.209 billion for this year.