Tama: Bank of China Airlines Leasing (02588) lowered the target price to HK$87.2 to maintain “gain” rating

The Zhitong Finance App learned that Morgan Stanley released a research report stating that BOC Aviation (02588)'s net profit forecast for 2026 to 2028 will be adjusted and lowered by 0.3%, 1.9%, and 2.3%, respectively, to reflect the latest situation after the first half of the year's results. The bank believes that the yield on US 10-year treasury bonds is rising, and investors are demanding an increase in return, so it lowered the target market account ratio multiples from 1.2 times and 1.1 times to 1.1 times and 1.0 times, respectively, under optimistic and basic scenarios. The target price was reduced by 5.5% from HK$92.3 to HK$87.2, maintaining the “Overweight” rating.