Citibank: Maintains "Buy" rating on BOC AVIATION (02588), target price raised to HKD 72.4

Citigroup released a research report stating that it has adjusted BOC AVIATION's profit forecast for the 2024 fiscal year to increase by 6% year-on-year to reflect higher revenue from aircraft disposals, while maintaining the profit forecasts for the company's 2025 and 2026 fiscal years roughly unchanged. In addition, Citigroup has slightly raised the target price for BOC AVIATION from HK$72 to HK$72.4, maintaining a "buy" rating.