Latest news for TravelSky Tech (OTC:TSYHY) Stock

TravelSky Tech

TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue.

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Stocks That Fell Through 52-Week Lows Wednesday

TRAVELSKY TECH S/ADR H by TravelSky Technology Ltd.

TravelSky Technology Ltd

Increased IT spending and the demand for advanced technologies are expected to boost the technology services industry's long-term prospects. Therefore, it could be prudent to buy fundamentally strong and stable tech stocks N-able (NABL), PC Connection (CNXN), and TravelSky Technology (TSYHY). Read on… The demand for technology services remains robust thanks to rising digital transformation initiatives. The growth of cloud services and the adoption of new-age technologies are expected to bolster the industry's prospects.
Considering these factors, it could be wise to buy fundamentally strong tech stocks N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>), PC Connection, Inc. (<a href="https://stocknews.com/stock/CNXN/">CNXN</a>), and  TravelSky Technology Limited (<a href="https://stocknews.com/stock/TSYHY/">TSYHY</a>) for a stable portfolio and resilient returns.
Before delving deeper into their fundamentals, let's discuss why the tech services industry is growing.
Businesses invest in digital transformation to modernize, become agile, gain a competitive edge, enhance customer satisfaction, and improve operational efficiency. They are increasingly relying on tech services for various tasks.
Demand for technology is evident from the Technology Select Sector SPDR Fund's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 31.8% year-to-date gains, outpacing the broader SPDR S&amp;P 500 ETF Trust's (<a href="https://stocknews.com/stock/SPY/">SPY</a>) 9.4% gains over the same period.
According to the forecast by Gartner, global IT spending is expected to total $5.10 trillion in 2024, up 8% year-over-year. Moreover, spending on IT services is expected to <a href="https://www.gartner.com/en/newsroom/press-releases/2023-10-18-gartner-forecasts-worldwide-it-spending-to-grow-8-percent-in-2024">grow 10.4% year-over-year</a> to $1.55 trillion next year.
Furthermore, as per a report by Mordor Intelligence, the international IT services market is projected to reach $1.67 trillion by 2028, growing at a <a href="https://www.mordorintelligence.com/industry-reports/it-services-market">CAGR of 8.4%</a> between 2023 and 2028.
Now that we have looked at the bright and prosperous future of the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry let's check out the fundamentals of the stocks mentioned above, starting with the third stock.
Stock #3: N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>)
NABL offers cloud-based software solutions tailored for Managed Service Providers (MSPs) to facilitate digital transformation and expansion in small and medium-sized enterprises. Its enterprise-grade platform acts as an operating system for MSP partners, capable of scaling their businesses' growth.
On October 10, NABL announced the strengthening of its partnership with SentinelOne, Inc. (<a href="https://stocknews.com/stock/S/">S</a>) to offer enhanced endpoint security solutions for MSPs. This deeper integration and expanded security offerings empower MSPs to provide enterprise-grade security services. This collaboration should benefit the company.
For the fiscal second quarter (ended June 30, 2023), NABL's revenue increased 15.8% year-over-year to $106.08 million. Its non-GAAP gross profit rose 14.8% from the previous year's value to $89.91 million.
The company's non-GAAP <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> rose 23.1% year-over-year to $28.70 million. Moreover, its non-GAAP net income increased 1.8% from the prior-year quarter to $16.26 million.
NABL's trailing-12-month levered FCF margin and Return On Common Equity (ROCE) of 14.65% and 2.40% are 98.8% and 113% higher than the industry averages of 7.37% and 1.13%, respectively. Additionally, its trailing-12-month Return On Total Assets (ROTA) of 1.38% is substantially higher than the industry average of 0.03%.
Street expects NABL's EPS and revenue for the quarter ending March 2024 to increase 3.1% and 11.7% year-over-year to $0.08 and $111.52 million, respectively. It surpassed the consensus revenue estimates in each of the trailing four quarters and EPS estimates in three of the trailing four quarters, which is impressive.
Over the past year, the stock has gained 19.7% to close the last trading session at $12.96. It increased 26.1% year-to-date. It has a five-year beta of 0.47, indicating greater stability than the broader market.
NABL's positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
Within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, it is ranked #14 out of 73 stocks. It has an A grade for Growth and a B for Stability and Sentiment. <a href="https://stocknews.com/stock/NABL/">Click here</a> to see the other ratings of NABL for Value, Momentum, and Quality.
Stock #2: PC Connection, Inc. (<a href="https://stocknews.com/stock/CNXN/">CNXN</a>)
CNXN specializes in a wide range of Information Technology (IT) solutions, organized into three distinct segments: Business Solutions; Enterprise Solutions; and Public Sector Solutions.
For the second quarter that ended June 30, 2023, CNXN's total net sales came in at $733.55 million. Also, its net cash provided by operating activities increased 287.9% year-over-year to $115.94 million.
Furthermore, the company's cash and cash equivalents at the end of the period stood at $243.98 million, registering an improvement of 157.1% from the prior year quarter. 
CNXN's trailing-12-month ROCE and cash per share of 9.95% and $9.29 are 781.5% and 389.1% higher than the industry averages of 1.13% and $1.90, respectively. Its trailing-12-month ROTA of 6.52% is considerably higher than the 0.03% industry average.
The consensus revenue estimate of $3.15 billion for the fiscal year ending December 2024 reflects a 7.2% year-over-year improvement. Likewise, the consensus EPS estimate of $3.56 for the same period reflects a 17.5% rise year-over-year.
The stock has gained 33.1% over the past six months and 14.2% year-to-date to close the last trading session at $53.58. It has a five-year beta of 0.67.
CNXN's solid fundamentals are apparent in its POWR Ratings. The stock has an overall rating of B, equating to Buy in our proprietary rating system.
CNXN has a B grade for Stability, Sentiment, and Quality. It has ranked #9 in the same industry.
In addition to the POWR Ratings I've just highlighted, you can see CNXN ratings for Growth, Value, and Momentum <a href="https://stocknews.com/stock/CNXN/">here</a>.
Stock #1: TravelSky Technology Limited (<a href="https://stocknews.com/stock/TSYHY/">TSYHY</a>)
TSYHY, based in Beijing, specializes in offering information technology solutions to China's aviation and travel industry. The company's services encompass aviation information technology, distribution information technology, as well as accounting, settlement, and clearing services.
For the six months that ended June 30, 2023, TSYHY's total operating income increased 45.6% year-over-year to RMB 3.31 billion ($452 million). Its operating profits grew 220.1% from the year-ago value to RMB 1.34 billion ($182.94 million).
Also, net profit attributable to shareholders of the company rose 170.9% year-over-year to RMB 1.20 billion ($164.04 million). Additionally, the company's earnings per share came in at RMB 0.41, registering an increase of 173.3% year-over-year.
TSYHY's trailing-12-month net income margin of 22.16% is 408.3% higher than the industry average of 4.36%. Likewise, its trailing-12-month levered FCF margin and EBIT margin of 21.39% and 19.83% are 301.1% and 169.4% higher than the industry averages of 5.33% and 7.36%, respectively.
Analysts expect TSYHY's revenues for the current fiscal year (ending December 2023) to increase 42.5% year-over-year to $1.09 billion. For the fiscal year 2024, the consensus revenue estimate of $1.28 billion indicates an improvement of 18% year-over-year.
Over the past year, TSYHY's stock has gained 8.5% to close the last trading session at $15.82. It has a five-year beta of 0.62.
TSYHY's strong prospects are reflected in its POWR Ratings. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
TSYHY has an A grade for Quality and a B for Growth, Stability, and Sentiment. It is ranked #4 in the same industry.
<a href="https://stocknews.com/stock/TSYHY/">Click here</a> for TSYHY's additional POWR Ratings (Value and Momentum).
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TSYHY shares were trading at $15.54 per share on Wednesday afternoon, down $0.28 (-1.79%). Year-to-date, TSYHY has declined -25.94%, versus a 10.89% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/tsyhy-nabl-cnxn-s-3-tech-stocks-for-a-stable-portfolio-and-resilient-returns/>3 Tech Stocks for a Stable Portfolio and Resilient Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks for a Stable Portfolio and Resilient Returns

Polen Global SMID Company Growth 3Q 2023 Commentary

TravelSky Technology: Considering Revenue Recovery And Higher Expenses, The Stock Is A Hold

TravelSky Technology Limited (TSYHY) Q4 2023 Earnings Call Transcript

TravelSky Technology GAAP EPS of $0.48, revenue of $6.98B

ClearBridge International Value Strategy Q1 2024 Portfolio Manager Commentary

ClearBridge International Growth ACWI Ex-US Strategy Q1 2024 Commentary

Increased IT spending and demand for advanced technologies will boost the tech industry's long-term prospects. So, investors could consider buying fundamentally strong undervalued tech stocks TravelSky Technology (TSYHY), Viavi Solutions (VIAV), and M-tron Industries (MPTI). Read on... The tech industry is experiencing growth due to digitization initiatives, leveraging cloud computing, data analytics, and AI, enhancing efficiency and customer experiences, and driving innovation across various sectors.
Against this backdrop, investors could consider buying fundamentally strong tech stocks TravelSky Technology Limited (<a href="https://stocknews.com/stock/TSYHY/">TSYHY</a>), Viavi Solutions Inc. (<a href="https://stocknews.com/stock/VIAV/">VIAV</a>), and M-tron Industries, Inc. (<a href="https://stocknews.com/stock/MPTI/">MPTI</a>). These stocks look undervalued at current prices. Before exploring the fundamentals of these stocks, let's discuss why the tech industry is well-positioned for growth.
The NASDAQ Composite's 28.4% increase over the past year reflects investor confidence and optimism about the future of technology companies. Canalys predicts a <a href="https://www.canalys.com/insights/worldwide-it-spend-2024">6.2% growth</a> in worldwide IT spending to $4.94 trillion in 2024. Enterprises worldwide are investing in digitization to gain an edge over their competitors by making their operations efficient, modern, and agile.
The demand for tech services is growing as enterprises adopt cloud computing, cybersecurity solutions, and advanced technologies. The global IT services industry is expected to reach $1.32 trillion by 2027, growing at a <a href="https://www.businessresearchinsights.com/market-reports/it-services-market-111832">CAGR of 4.1%</a>. Additionally, as devices become interconnected, smarter, and highly intuitive, the demand for advanced electronic components is increasing.
The global electronics market is expected to grow at a <a href="https://www.precedenceresearch.com/electronic-components-market">CAGR of 6.8%</a> to reach $368.40 billion by 2032. Furthermore, the demand for high-tech communication and networking equipment is expanding due to advances in 5G, satellite internet, growing cloud adoption, and the rise of data centers.
The global optical communication and networking market is expected to expand to $61.92 billion by 2031, with a <a href="https://www.skyquestt.com/report/optical-communication-and-networking-market">CAGR of 8.6%</a>. Investors' interest in tech stocks is evident from the Technology Select Sector SPDR Fund's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 31.5% returns over the past year.
Considering these conducive trends, let's take a look at the fundamentals of the featured tech stocks.
TravelSky Technology Limited (<a href="https://stocknews.com/stock/TSYHY/">TSYHY</a>)
TSYHY, based in Beijing, specializes in offering information technology solutions to China's aviation and travel industry. The company's services encompass aviation information technology, distribution information technology, accounting, settlement, and clearing services.
TSYHY's forward EV/EBIT of 7.64x is 42.8% lower than the industry average of 13.37x. Its forward EV/EBITDA of 5.02x is 45.8% lower than the industry average of 9.27x.
In terms of the trailing-12-month net income margin, TSYHY's 20.03% is 341.7% higher than the 4.54% industry average. Likewise, its 11.40% trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin is 106.3% higher than the 5.52% industry average. Additionally, its 18.77% trailing-12-month EBIT margin is 148.5% higher than the industry average of 7.55%.
For the fiscal year ended December 31, 2023, TSYHY's total operating income increased 34% year-over-year to RMB 6.98 billion ($963.70 million). Its operating profits grew 129.4% from the year-ago value to RMB 1.60 billion ($221.41 million).
Also, net profit attributable to shareholders of the company rose 123.1% year-over-year to RMB 1.40 billion ($193.04 million). Additionally, the company's earnings per share came in at RMB 0.48, registering an increase of 128.6% year-over-year.
TSYHY's fiscal 2024 revenue is expected to increase 14.5% year-over-year to $1.11 billion. Over the past three months, the stock has gained 23.5% to close the last trading session at $11.82.
TSYHY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
TSYHY has a B grade for Growth, Stability, Sentiment, and Quality. Within the <a href="https://stocknews.com/category/technology-services/"> Technology - Services</a> industry, it is ranked #8 out of 77 stocks. To see TSYHY's Value and Momentum ratings, <a href="https://stocknews.com/stock/TSYHY/">click here</a>.
Viavi Solutions Inc. (<a href="https://stocknews.com/stock/VIAV/">VIAV</a>)
VIAV provides network test, monitoring, and assurance solutions for communications service providers (CSPs), hyperscalers, network equipment manufacturers (NEMs), original equipment manufacturers (OEMs), and others. The company operates through the Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments.
VIAV's forward EV/Sales of 1.95x is 29% lower than the industry average of 2.75x. Its forward Price/Sales of 1.74x is 36.8% lower than the industry average of 2.76x. Additionally, its forward non-GAAP P/E of 21.13x is 8.2% lower than the industry average of 23.02x.
VIAV's trailing-12-month gross profit margin of 59.06% is 21.4% higher than the industry average of 48.67%. Its trailing-12-month EBITDA margin of 10.30% is 8.5% higher than the industry average of 9.50%. Additionally, its 3.03% trailing-12-month CAPEX / Sales is 30.7% higher than the 2.32% industry average.
During the fiscal second quarter that ended December 30, 2023, VIAV's revenue and gross profit came in at $254.50 million and $148 million, respectively. Moreover, its adjusted EBITDA stood at $43 million. For the same quarter, its non-GAAP earnings per share stood at $0.11.
As of December 30, 2023, VIAV's current assets stood at $965.30 million, compared to $945 million as of July 1, 2023. Also, its total assets stood at $1.86 billion, compared to $1.85 billion for the same period.
Analysts expect VIAV's revenue for the quarter ended March 31, 2024, to increase marginally year-over-year to $249.64 million. Its EPS for the quarter ending June 30, 2024, is expected to grow 8.6% year-over-year to $0.11. Over the past six months, the stock has gained 5.2% to close the last trading session at $7.95.
It's no surprise that VIAV has an overall B rating, equating to a Buy in our POWR Ratings system.
It has a B grade for Growth and Quality. It is ranked #5 out of 46 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry. Beyond what is stated above, we've also rated VIAV for Value, Momentum, Stability, and Sentiment. Get all VIAV ratings <a href="https://stocknews.com/stock/VIAV/">here</a>.
M-tron Industries, Inc. (<a href="https://stocknews.com/stock/MPTI/">MPTI</a>)
MPTI designs, manufactures, and markets frequency and spectrum control products. Its portfolio is divided into two product groupings: Frequency Control and Spectrum Control.
MPTI's forward Price/Sales of 1.58x is 42.7% lower than the industry average of 2.76x. Its forward Price/Book of 2.56x is 32.8% lower than the industry average of 3.81x. Also, its forward EV/Sales of 1.50x is 45.6% lower than the industry average of 2.75x.
In terms of the trailing-12-month levered FCF margin, MPTI's 11.12% is 17.5% higher than the 9.46% industry average. Likewise, its 15.33% trailing-12-month EBIT margin is 213.1% higher than the 4.90% industry average. Also, its 17.40% trailing-12-month EBITDA margin is 83.2% higher than the 9.50% industry average.
MPTI's net sales for the fourth quarter, which ended December 31, 2023, came in at $10.77 million, up 24.2% year-over-year. Its adjusted EBITDA stood at $2.43 million, up 117.7% year-over-year. Its net income and net income per share stood at $73 thousand and $0.03, respectively.
Moreover, As of December 31, 2023, MPTI's current assets stood at $18.19 million, compared to $14.31 million as of December 31, 2022. Also, its cash and cash equivalent came in at $3.91 million, compared to $926 thousand for the same period.
Street expects MPTI's revenue and EPS for the quarter ended March 31, 2024, to increase 17.4% and 145% year-over-year to $11 million and $0.49, respectively. Over the past nine months, the stock has gained 131.4% to close the last trading session at $25.68.
MPTI's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value. It is ranked #5 out of 42 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. <a href="https://stocknews.com/stock/MPTI/">Click here</a> to see MPTI's Growth, Momentum, Stability, and Sentiment ratings.
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TSYHY shares were unchanged in premarket trading Tuesday. Year-to-date, TSYHY has declined -31.22%, versus a 5.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/tsyhy-viav-mpti-3-under-valued-tech-companies-heading-towards-future-profits/>3 Under-Valued Tech Companies Heading Towards Future Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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