BOC Aviation (2588.HK) 2018 result beat expectations; concerning 737 MAX issue August 1, 2019 464

PSR Recommendation: ACCUMULATE Status: Upgraded
Target Price: HKDHKD 74.80

Investment Summary
BOC aviation (BOCA) is a leading global aircraft operating leasing company in Asia,
currently with a portfolio of 310 owned and 25 managed aircrafts. We remain an
“Accumulate” rating based on a Price-to-book ratio vs. Return on Equity method,
deriving a target price of HK$74.8, 10.5% potential upside. (Closing price at 29 July
2019)

About the author

Profile photo of Terry Li

Terry Li
Investment Analyst

Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!