BOC Aviation (02588) rose more than 3% in early trading as of press time, up 2.87% to HKD 66.35 with a turnover of HKD 18.7976 million.
According to the WiseNews App, BOC Aviation (02588) rose more than 3% in early trading as of press time, up 2.87% to HKD 66.35 with a turnover of HKD 18.7976 million.
GF Sec pointed out that the company's business data has improved significantly, especially the airplane sales data has increased significantly. High-growth airplane sales may bring elastic growth in net sales revenue in the first half of the year. In addition, in the first 5 months of 2024, Boeing and Airbus delivered 131 and 256 aircraft respectively, while in the first 5 months of 2023, Boeing and Airbus delivered 206 and 244 aircraft respectively. The overall delivery level has continued to deteriorate in the context of Boeing's frequent safety issues. However, 24Q1 RPK and ASK have turned positive compared to the same period in 2019. Based on this, rental income is expected to continue to grow.
CICC pointed out that looking ahead, the expected interest rate cut will provide a catalyst for the company's valuation, and the growth of the financial leasing business will also help ease the market's concerns about the company's expansion pressure. The company's current valuation is still at a historical low level, and it is recommended to pay attention to the catalytic role of the interest rate cut window in repairing the stock price.