50freespinsbookofdeadonregistrationnodeposit| Everbright Securities: The first "overweight" rating target price for BOC Aviation Leasing of HK$69.92

Everbright Securities released a research report saying50freespinsbookofdeadonregistrationnodepositFor the first time, BOC Aviation Leasing (02588) was rated as "overweight", with projected revenue of US $2.5 billion and US $26 for 2024-2026.50freespinsbookofdeadonregistrationnodepositThe net profit is forecast to be US $710 million, US $770 million and US $880 million, corresponding to the forecast of earnings per share of US $1.02, US $1.10 and US $1.27, with a target price of HK $69.92.

Both the group's cash flow and rent payment rates were hit during the outbreak, the report said. However, the sound legal system of the aviation leasing industry ensures the stability of the company's cash flow, and the rent payment rate has begun to pick up in the past three years and has now returned to more than 100%. BOC aviation leasing has an adjusted effective income tax rate of 10%, which is lower than that of other peers listed in Hong Kong. At the same time, the group has excellent low-cost financing ability, bargaining ability and aircraft asset management ability. To sum up, the bank believes that the Bank of China has an obvious competitive advantage in aviation leasing. In addition, if the market interest rate falls in the future, it will also bring excess income to the group.