The Zhitong Finance App learned that China Civil Aviation Information Network (00696) rose by more than 5% and rose 5.49% at press time to HK$9.41, with a turnover of HK$34.6 million.
According to the news, the company previously anticipated that the Group would obtain a net profit of about RMB 1.25 billion to approximately RMB 1.45 billion for the year ending December 31, 2023, mainly due to the sharp increase in the number of civil aviation passengers over the same period last year. Furthermore, according to the latest data from the Hong Kong Stock Exchange, BlackRock increased its holdings of China Civil Aviation Information Network by 537,000 shares, at a price of HK$7.9936 per share, for a total amount of about HK$4.292,600. After the increase in holdings, the latest number of shares held was approximately 46.996 million shares, and the latest shareholding ratio was 5.04%.
According to GF Securities, maintaining the “buy” rating of China's civil aviation information network, domestic bookings are expected to return to normal growth in 24 and international business to continue to recover; cost growth is expected to normalize in 24-25; in addition, revenue is expected to be 6.972 billion yuan and 7.601 billion yuan, respectively, and net profit to mother is 1,372 billion yuan and 1,702 billion yuan respectively, with a reasonable value of HK$12.7 billion. The company's AIT business model is steady, domestic air travel demand is growing steadily, and international business is further recovering. As the main force in civil aviation informatization construction, the company will continue to benefit from the steady growth of the industry.