BOCI Securities: Raises target price of BOC Aviation (02588.HK) to 83.9 Hong Kong dollars, rating "Buy".

According to the Wisdom Financial APP, CCB International released a research report stating that the total revenue and other income of CCB Aviation Leasing (02588.HK) in the first half of the year increased by 5.8% year-on-year, and the core net profit after tax increased by 20% year-on-year. The leasing rental income yield reached 10.3% during the period, an increase from the 9.8% in the same period last year; the net leasing yield also increased to 7.5%, higher than the 7% in the first half of the previous year. The bank pointed out that CCB Aviation Leasing's business model remains robust, and the dividend yield is quite attractive. As of the end of June, its aircraft market value exceeded the book value by 15%. The bank raised its target price to 83.9 Hong Kong dollars and maintained its rating as "Buy".