Core Viewpoint - UBS reports that China Aircraft Leasing is benefiting from accelerated asset growth and is moving towards a new cycle of increasing return on equity (ROE), with an expected ROE of 11.7% in 2026 and 12.7% in 2027, up from 10.9% in 2025 [1] Financial Performance - The company is projected to achieve a profit of approximately $720 million for the previous year [1] - Capital expenditures are in line with the forecast guidance of $4 billion [1] - Leasing business revenue growth is expected to accelerate from 1% in the first half of last year to 5.5% in the second half [1] Shareholder Returns - UBS anticipates a total annual dividend of $0.36, with a payout ratio of 35% [1] - Given the ample room for improvement in the company's capital structure, there is potential for a more generous dividend policy in the future [1] Valuation - UBS has raised the target price for the company from HKD 86.5 to HKD 96.9 and maintains a "Buy" rating [1]