BOC International published a research report stating that BOC Aviation (02588.HK) achieved a year-on-year growth of 5.8% in total revenue and other income in the first half of the year, with after-tax core net profit increasing by 20% year-on-year. During the period, the leasing rental yield reached 10.3%, up from 9.8% in the same period last year; the net leasing yield also rose to 7.5%, higher than 7% in the first half of last year.
The bank indicated that BOC Aviation's business model remains robust, and its dividend yield is quite attractive. As of the end of June, its aircraft market value was 15% higher than its book net value. The bank raised its target price to HKD 83.9, maintaining its rating as &#34;Buy.&#34;

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BOC International raised the target price of BOC Aviation to RMB 83.9 and maintained a "Buy" rating. The report pointed out that the company's total revenue and other income in the first half of the year increased by 5.8% year-on-year, and the after-tax core net profit grew by 20%. The leasing rental yield improved to 10.3%, and the net leasing yield rose to 7.5%. The bank believes that BOC Aviation's business model is robust, the dividend yield is attractive, and the market value of aircraft is 15% higher than the book net value

《大行》中银国际升中银航空租赁目标价至 83.9 元 评级「买入」

《大行》中银国际升中银航空租赁目标价至 83.9 元评级「买入」