CICC: Maintains outperform rating on China Aircraft Leasing (01848), raises target price to 5 Hong Kong dollars.

According to the Securities Times APP, Zhongjin Securities has issued a research report stating that it basically maintains its 25-year profit forecast for China Aircraft Leasing (01848), with an introduction of a profit of HK$475 million in the 26th year. The company is currently trading at 0.79x/0.75x 25e/26e P/B. Considering the continued high prosperity of the aircraft market, the target price of the company has been raised by 22% to HK$5.0 (0.84x/0.80x 25e/26e P/B and 6% upside potential), maintaining an outperform rating.