Market Insight | CIB Aircraft Leasing Soars Over 4% in the Afternoon, Aircraft Sales in the Second Quarter Exceed Expectations, Incremental Financing Costs Effectively Controlled

BOC Aviation Leasing surged more than 4% in the afternoon, up 4.41% as of the time of publication, at HKD 59.25, with a turnover of HKD 238.509 million. On the news front, BOC Aviation Leasing announced that in the second quarter, a total of 59 transactions were executed, including commitments to purchase 4 aircraft, deliver 13 aircraft, sell 11 self-owned aircraft, and sign 24 leasing commitments; the aircraft utilization rate was 99%. As of June, the self-owned fleet had a total of 429 aircraft, with an average age of 4.9 years and an average remaining lease term of 7.9 years. CICC pointed out that BOC Aviation Leasing recently disclosed its second-quarter operating data, with aircraft sales volume exceeding expectations and incremental financing costs effectively controlled. The U.S. CPI data for June will be released on July 11 local time. According to CICC's strategy team's forecast, U.S. inflation may continue to decline year-on-year, and a rate cut trade may usher in a key window. The company's current valuation remains at historical lows, and it is recommended to pay attention to the catalytic effect of the rate cut window on stock price recovery