HK Stock Market Move | BOC AVIATION (02588) fell over 5%, with its net profit after tax for the first half of the year increasing by 4% year-on-year, and it sold 8 of its own aircraft.

BOC AVIATION (02588) fell more than 5%. As of the time of writing, it dropped by 5.2% to HKD 73.9, with a trading volume of HKD 181 million. In terms of news, BOC AVIATION released its mid-term results for 2026, reporting total operating revenue and other income of USD 1.297 billion, an increase of 4.4% year-on-year; net profit after tax was USD 357 million, an increase of 4% year-on-year; a mid-term dividend of USD 0.1799 per share was declared. The company delivered a total of 24 aircraft in the first half of the year, and it sold 8 of its owned aircraft. This is compared to 18 aircraft in the same period last year, but the profit margin on aircraft sales rose to 32%. Huatai believes that the overall operating condition of the company is stable. However, due to the lower number of aircraft sold and the added geopolitical uncertainties, the bank has adjusted its net profit forecast attributable to shareholders for 2026/2027/2028 to USD 780 million / USD 850 million / USD 930 million (changes: -5.1% / -2.1% / -1.3%). The target price has been slightly lowered to HKD 89.