HK Stock Market Move | CIRRUS (02507) increases by over 4% again, impressive delivery growth expected in the next quarter despite a high base.

CIRRUS (02507) rose by over 4%, with the stock rising by over 18% on the previous trading day. As of the time of writing, it rose by 4.1% to HK$40.14, with a turnover of HK$1.98 billion. On the news front, on May 28, GAMA disclosed the global general aviation aircraft delivery situation for 26Q1, with CIRRUS delivering a total of 196 aircraft in 26Q1, an increase of 30.7% year-on-year, with a total delivery value of US$2.93 billion, an increase of 38% year-on-year. Guotai Junan pointed out that the good growth under a high base reflects strong 2C demand. The bank believes that the company has been continuously optimizing quarterly delivery pace in recent years to better meet the relationship between production capacity and order demand. By the end of 2025, the company will have a reserve of 1,066 aircraft. Considering the high base background in 26Q1, the company's overall deliveries continue to show a good trend, indicating that 2C demand continues to be strong. It is expected that as the company's production capacity continues to increase, the annual delivery volume will continue to maintain steady growth.