Latest data from the Hong Kong Stock Exchange reveals that on November 26, a shareholder of TRAVELSKY TECH (00696) transferred shares worth HK$364 million (3.66% of holdings) from HSBC to Citibank.

In September, CLSA noted in a research report that TRAVELSKY TECH's July operational data indicated a slow recovery in international airline passenger traffic for the second half of the year. While the System Integration (SI) business weighed on revenue growth in the first half, management expects more project rollouts in the latter half. However, visibility on project progress remains limited, prompting the firm to adopt a conservative forecast.

CLSA acknowledged that TRAVELSKY TECH's profitability improvement is on track and should continue. The brokerage revised its target price down from HK$14.8 to HK$12.8 but maintained its "Outperform" rating, projecting full-year net profit at RMB 2.209 billion.