Changes in Hong Kong stocks | BOC Aviation Leasing (02588) fell more than 4% in the intraday period, the company recently disclosed operating conditions, and UBS lowered the company's core net profit forecast and target price

The Zhitong Finance App learned that Bank of China Airlines Leasing (02588) fell more than 4% in the intraday period. As of press release, it was down 4.12% to HK$75.7, with a turnover of HK$39.621 million.

According to the news, BOC Aviation announced that as of June 30, the investment portfolio had 811 owned, managed and ordered aircraft and engines, 467 owned aircraft with an average age of 5.0 years and an average remaining lease period of 7.7 years. The order book had 320 aircraft and 1 engine, and the utilization rate of its own aircraft was 100%. In the second quarter, 50 transactions were carried out, including promises to purchase 9 aircraft and 1 engine, and deliver 14 aircraft and 1 engine. It also issued 2 billion yuan of three-year RMB bonds with an annual coupon interest rate of 1.9%.

According to a research report published by UBS, the net profit of BOC Aviation Leasing is expected to reach about 369 million US dollars in the first half of 2026, an increase of 8% over the previous year, due to increased rental income and increased aircraft sales revenue, but this is partly offset by the recording of compensation income from Russian stranded aircraft insurance in the first half of 2025. UBS said it lowered its 2026-2028 core net profit forecast by 5% to 7%, and the target price was lowered from HK$106.9 to HK$104.2, maintaining a “buy” rating, considering the reduction in non-core revenue forecasts.