In "The Big Banks," BOC International raises the target price for BOC Aviation to 83.9 yuan with a rating of "Buy."

BOC International published a research report stating that BOC Aviation (02588.HK) achieved a year-on-year growth of 5.8% in total revenue and other income in the first half of the year, with after-tax core net profit increasing by 20% year-on-year. During the period, the leasing rental yield reached 10.3%, up from 9.8% in the same period last year; the net leasing yield also rose to 7.5%, higher than 7% in the first half of last year.

The bank indicated that BOC Aviation's business model remains robust, and its dividend yield is quite attractive. As of the end of June, its aircraft market value was 15% higher than its book net value. The bank raised its target price to HKD 83.9, maintaining its rating as "Buy."