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Hong Kong China Travel Service (00308.HK): Expects Double-Digit Revenue Growth This Year; Travel Permit Revenue to Remain Stable
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Ng Qiang, Chairman of Hong Kong China Travel Service (00308.HK), said that driven by acquisitions related to its ice and snow businesses during the period (including operations of ski resorts and hotels) and the development of new projects such as Qinghai Heidushan, revenue is expected to record double-digit growth this year. Over the next five years, the Group targets a CAGR of over 10% in both revenue and profit. Regarding the HKD64 million YoY decline in travel permit revenue last year, management said this was mainly due to demand for travel permit applications returning to normal levels after the pandemic. The Group will further implement digitalization measures to enhance service efficiency, and expects travel permit revenue to remain stable over this year and next year. (ec/j) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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