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Research Report

08/06/2021 15:41

{I-bank focus}UBS lifts AviChina (02357) to HK$7.1; "buy

[ET Net News Agency, 8 June 2021] UBS Global Research lifted its target price for
AviChina Industry & Technology (02357) to HK$7.1 from HK$4.7 and maintained its "buy"
The research house said AviChina in December 2020 integrated its helicopter assets,
which provided a big boost to its net profit. UBS forecasted it to post a net profit CAGR
of over 20% in 2021-23.
UBS raised its 2021/22 net profit estimates by 38.8%/52.1% to Rmb2.42bn/Rmb2.94bn, and
its EPS estimates by 12.4%/23.2% to Rmb0.31/Rmb0.38. (KL)

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