[ET Net News Agency, 22 August 2019] Daiwa Research lowered its target price for BOC
Aviation (BOCA)(02588) to HK$75 from HK$76 and downgraded its rating to "outperform" from
"buy".
The research house held a post-results NDR for BOCA yesterday. Overall, Daiwa noted the
outlook remains intact. With the strong share-price performance year-to-date, it foresees
lower upside potential but believes BOCA shares remain a good choice for investors looking
for stable and secure earnings and dividends.
Management expects the Boeing 737 MAX to resume operation in 4Q with the US to be the
first country to operate. Daiwa expects other countries to follow soon, and the resumption
of the MAX would help remove the earnings overhang for BOCA. It lowered its 2019-21 EPS
forecasts by 6-8% to reflect the new delivery schedule estimate. (KL)
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02588 BOC AVIATION
Nominal 
62.700 +0.200 (+0.320%) Others
22/08/2019 10:22
{I-bank focus}Daiwa downgrades BOC Aviation (02588) to HK$75
| Remark: | Real time quote last updated: 18/04/2024 17:59 |
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