瑞银：升中银航空租赁目标价至86.5港元 维持“买入”评级

Core Viewpoint - UBS reports that China Aircraft Leasing Group (02588) achieved a net profit of $342 million in the first half of the year, which is broadly in line with market expectations but slightly exceeds UBS's forecast [1] Financial Performance - The company is expected to see a positive market reaction due to a renewed acceleration in revenue growth and stable core profit growth [1] - UBS has slightly raised its earnings forecasts for China Aircraft Leasing for the years 2025 to 2027 by 1% to 2%, reflecting the mid-term performance that exceeded expectations [1] - The firm anticipates an 11% growth in core profit for the current year, with a projected compound annual growth rate (CAGR) of 16% from 2024 to 2027 [1] Price Target and Rating - UBS has increased the target price for the company from HKD 85 to HKD 86.5, while reiterating a "Buy" rating [1]