Bank of America Securities released a research report that Hong Kong's China Travel Service (0308.HK) made a net profit of 5 million Hong Kong dollars in the first half of the year.Yuan, adjusted non-recurrent income is a loss of 251 million港Yuan, in line with expectations. Business records 20 million to 120 million港Yuan loss. Maintain. "Buy"rating, optimistic about its risk-return attraction, lowered its core profit forecast for this year and next, with a target price of 1.8.港The yuan fell to HK $1.53 to reflect the delay in customs clearance.
The bank quoted management as saying that as there is no visibility into customs clearance between the mainland and Hong Kong and Macao, what the company can do now is to reduce operating costs in order to resume business as soon as possible after customs clearance. In terms of property, the company recorded contract sales of 940 million yuan in the first half of the year, and it is expected that the second half of the year will be less As for overseas acquisitions, the company has potential projects in Maldives and Sri Lanka and is currently in the process of due diligence.