《Large Banks》UBS cuts CCB Aviation Leasing (02588.HK) target price to 104.2, lowers its core net profit forecast

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UBS has issued a research report, expecting China Bank Aviation Leasing (02588.HK) to post -0.250 (-0.316%). Short selling amounts to $13.8 million, with a ratio of 31.794%.

Net profit for the first half of 2026 is expected to reach approximately $369 million, up 8% year on year. This is supported by growth in lease rental income and increased gains from aircraft sales, although this is partly offset by insurance compensation income related to Russian aircraft being stranded in the first half of 2025.

Given a downgrade to the forecast for non-core income, UBS has cut its forecasts for the company’s core net profit for 2026 to 2028 by 5% to 7%. The target price has been lowered from 106.9 to 104.2. The rating is maintained at “Buy”, as the broker believes the valuation remains attractive, and expects the Middle East conflict to have limited impact on leasing demand and credit risk. (gc/da)(Hong Kong stock quotes are delayed by at least fifteen minutes. Short-selling data as of 2026-07-10 16:25.)

Related coverage 《Big Banks》Morgan Stanley raises China Bank Aviation Leasing (02588.HK) target price to 92.7; raises earnings forecasts for this year and next year

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