UBS: Raises target price of BOC Aviation (02588.HK) to HK$86.5, maintains "buy" rating.

The China Finance APP has learned that UBS has released a research report stating that China Aviation Leasing (02588.HK) recorded a net profit of 342 million US dollars in the first half of the year, which roughly meets market expectations but slightly exceeds UBS's forecast. The bank believes that the market may react positively to the company's accelerating revenue growth and stable core profit growth. UBS has slightly raised its profit forecast for China Aviation Leasing from 2025 to 2027 by 1% to 2%, mainly reflecting slightly better-than-expected mid-term performance. The bank expects the group's core profit to grow by 11% this year, with a compound annual growth rate of 16% from 2024 to 2027. The bank has also raised the company's target price from 85 Hong Kong dollars to 86.5 Hong Kong dollars, reiterating a "buy" rating.