Core Viewpoint - As of January 15, a total of 105 stocks reached their 52-week highs, with notable performers including 德莱建业 (01546), 东曜药业－Ｂ (01875), and 大森控股 (01580) achieving high rates of 78.00%, 51.36%, and 37.61% respectively [1]. Summary by Category 52-Week Highs - 德莱建业 (01546) closed at 0.355, with a peak of 0.445, marking a high rate of 78.00% [1]. - 东曜药业－Ｂ (01875) closed at 4.190, reaching a high of 4.450, with a high rate of 51.36% [1]. - 大森控股 (01580) closed at 0.275, with a peak of 0.300, achieving a high rate of 37.61% [1]. - 顺兴集团控股 (01637) and 怡园酒业 (08146) also showed significant increases, with high rates of 36.36% and 24.74% respectively [1]. Additional Notable Stocks - JBB BUILDERS (01903) reached a high rate of 24.12% with a closing price of 2.830 [1]. - 天臣控股 (01201) and 江苏创新 (02116) had high rates of 15.38% and 15.00% respectively [1]. - 万国黄金集团 (03939) and 竣球控股 (01481) also performed well, with high rates of 12.95% and 12.44% respectively [1]. 52-Week Lows - The report also noted stocks reaching 52-week lows, with 天彩控股 (03882) showing a low rate of -14.42% [3]. - 中国智慧能源 (01004) and 基石控股 (01592) followed with low rates of -13.64% and -12.86% respectively [3]. - 弘毅文化集团－旧 (02990) and 中原建业 (09982) also reported significant declines of -9.09% and -6.06% respectively [3].

Core Viewpoint - CICC reports that China Aircraft Leasing Group (02588) has released its operational data for Q4 2025, indicating a potential growth cycle driven by improved deliveries and a favorable interest rate environment due to the Federal Reserve's rate cuts [1] Group 1: Financial Performance and Projections - The target price for the company has been raised by 8% to HKD 87.9, maintaining an "outperform" rating, which corresponds to an upside potential of 8.8% and price-to-book ratios of 1.2x, 1.1x, and 1.0x for 2025 to 2027 [1] - The company has a strong sensitivity to interest rate cuts, with 29% of its floating-rate debt from the first half of this year, benefiting from the current declining interest rate cycle [1] - The company has issued bonds with maturities of 5.5 years and 7 years at coupon rates of 4.25% and 4.375%, respectively, which will support its financial stability moving forward [1] Group 2: Future Outlook - The combination of improved deliveries and overseas interest rate cuts is expected to lead to a steady increase in the company's return on equity (ROE) [1] - CICC has maintained its earnings forecasts for 2025 and 2026 while introducing a new earnings forecast of USD 931 million for 2027 [1]

Core Viewpoint - The report from CICC indicates that China Aircraft Leasing Group (02588) is expected to enter a growth cycle characterized by simultaneous increases in volume and price, driven by improving deliveries and a Federal Reserve interest rate cut environment, leading to a steady rise in valuation [1] Group 1: Financial Performance and Projections - The target price for the company has been raised by 8% to HKD 87.9, maintaining an "outperform" rating, which corresponds to an upside potential of 8.8% and price-to-book ratios of 1.2x, 1.1x, and 1.0x for 2025 to 2027 [1] - The company has a strong sensitivity to interest rate cuts, with 29% of its floating-rate debt from the first half of this year, benefiting from the current interest rate environment [1] - The company’s earnings forecasts for 2025 and 2026 remain unchanged, with a new earnings forecast for 2027 introduced at USD 931 million [1] Group 2: Debt and Interest Rate Impact - The company issued 5.5-year and 7-year corporate bonds on August 26 last year and January 12 this year, with coupon rates of 4.25% and 4.375% respectively, indicating a strategic approach to managing debt in a declining interest rate environment [1] - The combination of improved deliveries and overseas interest rate cuts is expected to lead to a steady increase in the company's Return on Equity (ROE) [1]

Core Viewpoint - The report from CICC indicates that with improving deliveries and the Federal Reserve's interest rate cut environment, China Aircraft Leasing Group may enter a growth cycle characterized by both volume and price increases, potentially creating steady valuation uplift space [1] Group 1: Financial Performance - Since the second half of last year, the Federal Reserve has entered a rate-cutting cycle, with the company's floating rate liabilities accounting for 29% of total liabilities in the first half of this year, indicating strong sensitivity to interest rate cuts [1] - The company issued 5.5-year and 7-year corporate bonds on August 26 last year and January 12 this year, with corresponding coupon rates of 4.25% and 4.375% [1] Group 2: Earnings Forecast - CICC maintains the company's earnings forecast for 2025 to 2026, while introducing a new earnings forecast for 2027 at USD 931 million [1] - Considering the company's benefits from the industry supply-demand dynamics and the interest rate cut cycle, the target price has been raised by 8% to HKD 87.9, while maintaining an "outperforming the industry" rating [1]

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of HKD 91.00 [1][5]. Core Insights - The company continues to expand its fleet, with an increase of 9 aircraft quarter-on-quarter and 16 aircraft year-on-year, reaching a total of 451 aircraft. The delivery of 16 aircraft in the fourth quarter is a new high since 2024 [1][3]. - The growth in the fleet size is supported by the recovery in production capacity from Boeing and Airbus, which is expected to benefit the company's capital expenditure and fleet expansion [1][2]. - The company has financed over USD 4 billion in 2025, potentially setting a new high since 2020, indicating smoother capital expenditure deployment [1][4]. - The expected core ROE for 2025 and 2026 is projected to improve to 11% and 12%, respectively, from 10.5% in 2024 [1][4]. Summary by Sections Fleet Expansion - In Q4 2025, the company executed 66 transactions, including the delivery of 16 aircraft and the sale of 7 owned aircraft, resulting in a total owned fleet of 451 aircraft [3]. - The average age of the owned aircraft remains stable at 5 years, with an average remaining lease term of 7.8 years, and fleet utilization is maintained at 100% [3]. Financial Performance - The company forecasts net profits of USD 717.5 million, USD 836.03 million, and USD 909.35 million for 2025, 2026, and 2027, respectively [5][10]. - The projected BVPS for 2026 is USD 10.36, with a target PB of 1.13x, leading to an updated target price of HKD 91 [5][11]. Market Conditions - Global air travel demand continues to rise, with a 5.7% year-on-year increase in revenue passenger kilometers (RPK) reported by IATA [4]. - The supply-demand gap in the aircraft market persists, supporting aircraft rental rates and market values [4].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 中銀航空租賃有限公司* （於新加坡共和國註冊成立的有限公司） 股份代號：2588 海外監管公告 根據全球中期票據計劃發行 於2033年到期的5億美元固定利率票據（「票據」）之定價補充說明 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 中銀航空租賃有限公司（「本公司」）根據其全球中期票據計劃發行的票據已於2026年 1月13日於新加坡證券交易所有限公司上市。關於票據的定價補充說明可於新加坡 證券交易所有限公司網站查閱： www.sgx.com 。 承董事會命 中銀航空租賃有限公司 蘇堯鋒 公司秘書 BOC AVIATION LIMITED 香港，2026年1月14日 於本公告日期，本公司董事會成員包括董事長兼執行董事卓成文先生；執行董事 Steven Matthew Townend先生；非執行董事陳翔先生、靳紅舉先生、金彥女士、劉 雲飛女士及Robert James Martin先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 BOC AVIATION LIMITED 中銀航空租賃有限公司* （於新加坡共和國註冊成立的有限公司） 股份代號：2588 * 僅供識別 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 中銀航空租賃有限公司（「本公司」）根據其全球中期票據計劃發行的票據將於2026年 1月13日於新加坡證券交易所有限公司上市。相關文件可於新加坡證券交易所有限 公司網站查閱： www.sgx.com 。 承董事會命 中銀航空租賃有限公司 蘇堯鋒 公司秘書 香港，2026年1月12日 於本公告日期，本公司董事會成員包括董事長兼執行董事卓成文先生；執行董事 Steven Matthew Townend先生；非執行董事陳翔先生、靳紅舉先生、金彥女士、劉 雲飛女士及Robert James Martin先生；以及獨立非執行董事戴德明先生、付舒拉先 生、Antony Nigel Tyler先生及楊賢博士。 海外監 ...

Core Viewpoint - The company reported strong operational performance for the year ending December 31, 2025, achieving significant transaction volumes and maintaining a 100% aircraft utilization rate [2]. Group 1: Operational Performance - The investment portfolio consists of a total of 815 aircraft and engines, with an average age of 5.0 years and an average remaining lease term of 7.8 years for the 451 owned aircraft [1]. - The company executed 333 transactions throughout the year, including 66 in the fourth quarter, with commitments to purchase 160 aircraft for the year [1]. - The company delivered 51 aircraft in total for the year, with 16 delivered in the fourth quarter, and sold 35 owned aircraft and 1 managed aircraft throughout the year [1]. Group 2: Market Position and Strategy - The company is positioned among the top five aircraft leasing companies globally, bolstered by the addition of 160 aircraft purchase commitments [2]. - The company emphasizes its commitment to investing in technologically advanced aircraft models, as evidenced by the reception of 51 new aircraft [2]. - The company’s proactive portfolio management strategy includes the sale of 35 owned aircraft, contributing to its strong investment portfolio and order reserve [2].

Core Viewpoint - The company reported strong operational performance for the year ending December 31, 2025, achieving one of the largest transaction volumes in its history, solidifying its position as one of the top five aircraft leasing companies globally [2] Group 1: Operational Performance - The investment portfolio consists of a total of 815 aircraft and engines, with an average age of 5.0 years and an average remaining lease term of 7.8 years for the 451 owned aircraft [1] - The company maintained a 100% utilization rate for its owned aircraft throughout the year [1] - A total of 333 transactions were executed during the year, including 66 in the fourth quarter [1] Group 2: Transactions and Deliveries - In the fourth quarter, the company committed to purchasing 14 aircraft and delivered 16 aircraft, resulting in a total net delivery of 51 aircraft for the year [1] - The company sold 35 owned aircraft and 1 managed aircraft throughout the year, with 7 owned aircraft and 1 managed aircraft sold in the fourth quarter [1] - A total of 74 lease commitments were signed during the year, with 21 signed in the fourth quarter [1] Group 3: Financial Highlights - The total financing raised by the company exceeded $4 billion for the year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 BOC AVIATION LIMITED 中銀航空租賃有限公司* （於新加坡共和國註冊成立的有限公司） 股份代號：2588 截至2025年12月31日止第四季度及年度營運資料 中銀航空租賃有限公司（「本公司」）公佈其截至2025年12月31日止第四季度及年度 的營運交易情況。 總經理兼首席執行官Steven Townend表示：「2025年，公司實現了強勁的營運表 現，完成了公司歷史上最大規模之一的交易量。公司訂單簿中新增160架飛機採購 承諾，進一步鞏固了公司作為全球前五大飛機租賃公司之一的地位。全年公司共接 收51架新飛機，體現了公司致力於投資技術先進機型的承諾。作為積極投資組合管 理策略的一部分，公司在2025年出售了35架自有飛機，並實現了100%的飛機利用 率。憑藉強健的投資組合和訂單儲備，我們對實現未來增長目標充滿信心。」 投資組合及交易概要 承董事會命 • 投資組合共計815架╱台自有、代管 ...