Should You Buy BOC Aviation Stock in Singapore in 2025?
Is it the right time to buy BOC Aviation ?
ScoreBOC Aviation Limited (2588.HK), headquartered in Singapore and listed on the HKEX, stands as a key player in global aircraft leasing. As of July 2025, the share price sits at around HK$67.50 with a robust average daily volume near 919,000 shares—a testament to ongoing investor engagement. The company recently named Steven Townend as CEO and Wen Lan as CFO, signaling both continuity and fresh leadership. Notably, they secured large orders for 70 Airbus A320neo and 50 Boeing 737 MAX 8 aircraft, aligning with global demand for fuel-efficient fleets. This year’s record net profit and healthy 5.60% dividend yield point to operational strength and a resilient, adaptable business model. With a forward-looking sector benefiting from strong post-pandemic air traffic recovery—especially in Asia-Pacific—market sentiment remains constructive. Furthermore, BOC Aviation maintains long-term contracts and one of the youngest fleets in the sector, with a strong financial profile and an A- credit rating. The consensus target price from more than 12 national and international banks is HK$87.75, reflecting continued confidence in the company’s fundamentals and growth prospects within the transport leasing sector.
- ✅Attractive 5.60% dividend yield supports steady investor returns.
- ✅One of the youngest fleets globally, averaging 5 years.
- ✅Resilient business model with long-term lease contracts and diverse clients.
- ✅Strong net profit growth and robust EBITDA margins.
- ✅Positive sector outlook due to air travel recovery in Asia-Pacific.
- ❌High debt-to-equity ratio, typical for asset leasing companies.
- ❌Exposure to cyclical aviation industry and external shocks.
Score- ✅Attractive 5.60% dividend yield supports steady investor returns.
- ✅One of the youngest fleets globally, averaging 5 years.
- ✅Resilient business model with long-term lease contracts and diverse clients.
- ✅Strong net profit growth and robust EBITDA margins.
- ✅Positive sector outlook due to air travel recovery in Asia-Pacific.
Is it the right time to buy BOC Aviation ?
- ✅Attractive 5.60% dividend yield supports steady investor returns.
- ✅One of the youngest fleets globally, averaging 5 years.
- ✅Resilient business model with long-term lease contracts and diverse clients.
- ✅Strong net profit growth and robust EBITDA margins.
- ✅Positive sector outlook due to air travel recovery in Asia-Pacific.
- ❌High debt-to-equity ratio, typical for asset leasing companies.
- ❌Exposure to cyclical aviation industry and external shocks.
Score- ✅Attractive 5.60% dividend yield supports steady investor returns.
- ✅One of the youngest fleets globally, averaging 5 years.
- ✅Resilient business model with long-term lease contracts and diverse clients.
- ✅Strong net profit growth and robust EBITDA margins.
- ✅Positive sector outlook due to air travel recovery in Asia-Pacific.
- BOC Aviation
- The BOC Aviation Stock Price
- Our full analysis of the BOC Aviation stock
- How to buy BOC Aviation stock in Singapore
- Our 7 tips for buying BOC Aviation stock
- The latest news about BOC Aviation
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of BOC Aviation for over three years. Every month, tens of thousands of users in Singapore trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by BOC Aviation.
BOC Aviation
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | Headquartered in Singapore, with strong Asia-Pacific market positioning. |
| 💼 Market | Hong Kong Stock Exchange (HKEX) | Offers broad liquidity and global investor access on a major regional exchange. |
| 🏛️ ISIN code | SG9999015267 | Singapore ISIN highlights its Singaporean foundation despite HK listing. |
| 👤 CEO | Steven Townend | Appointed in January 2024 to strengthen long-term leadership continuity. |
| 🏢 Market cap | HK$46.85 billion | Large-cap status reflects high investor confidence and sector resilience. |
| 📈 Revenue | HK$2.14 billion (TTM) | Solid revenue indicates stable client demand and effective fleet management. |
| 💹 EBITDA | HK$1.19 billion | Robust operating performance and margin generation in competitive aircraft leasing sector. |
| 📊 P/E Ratio (Price/Earnings) | 6.47 | Attractive valuation for the sector; room for re-rating as air travel demand recovers. |
The BOC Aviation Stock Price
The price of BOC Aviation stock is rising this week. The current share price stands at HK$67.50, with a 24-hour change of -2.05% and a weekly gain of 19.36%. The company enjoys a market capitalisation of HK$46.85 billion and an average 3-month trading volume of 918,740 shares. Its Price/Earnings (P/E) ratio is 6.47, offering a dividend yield of 5.60%, while the stock beta is 1.28. Such figures suggest both attractive income and solid growth potential, though investors should remain mindful of market volatility.
Our full analysis of the BOC Aviation stock
We have closely reviewed BOC Aviation’s latest financial results and tracked its stock performance over the past three years, leveraging multiple sources—from key financial ratios and technical indicators to in-depth peer analysis—refined with our proprietary algorithms for a holistic perspective. With BOC Aviation’s growth profile and dynamic market positioning on the table, a core question arises for strategic investors: So, why might BOC Aviation stock once again become a strategic entry point into the global aircraft leasing sector in 2025?
Recent performance and market context
BOC Aviation has delivered a strong performance into mid-2025, with its share price currently at HK$67.50, marking a robust 19.36% gain over the past 52 weeks and touching a recent high of HK$70.25. This solid upward momentum is further underpinned by a record net profit of US$924 million for 2024 (+21% versus 2023), easily surpassing consensus expectations and validating the resilience of its business model despite a challenging macro environment. Recent key developments, such as significant aircraft orders—70 Airbus A320neo and 50 Boeing 737 MAX 8—demonstrate a forward-thinking strategy aligned with rising demand across Asia-Pacific aviation markets. The sector’s macro outlook remains favorable: the steady post-pandemic recovery of air travel, the resurgence of leasing demand, and strong airline financial health all signal an environment rich in structural opportunity and demand for BOC Aviation’s services.
Technical analysis
Technical indicators offer further validation for positive momentum. The stock is trading comfortably above its 20-day (HK$65.02), 50-day (HK$61.64), 100-day (HK$59.86), and 200-day (HK$59.42) moving averages—clear bullish signals that highlight a prevailing uptrend. The Relative Strength Index (RSI) at 68.73 stands in neutral territory, allowing room for further advances before entering overbought zones. While the MACD (1.25) is giving a short-term sell signal, the overall moving average consensus suggests underlying strength, especially given the strong support level at HK$64.38. This technical setup points to an ideal entry for investors seeking momentum and breakouts in the next market leg higher, with resistance to watch at HK$68.43 and a calculated price target approaching HK$87.75 (+30%).
Fundamental analysis
BOC Aviation’s fundamentals provide a compelling case for renewed investor attention. The company achieved total revenues exceeding HK$2.14 billion (TTM), reflecting steady income resilience, and an EBITDA margin of HK$1.19 billion paired with a sector-leading net margin of 43.10%. Significantly, earnings have grown even as the industry emerges from pandemic-related stress, testifying to management’s effective cost controls and balanced risk exposure. Forward-looking valuation remains highly attractive: a P/E ratio of just 6.47, below both historical averages and peer group benchmarks, supports the view that the stock is undervalued relative to its earnings power. The current dividend yield of 5.60% is both sustainable and appealing for income seekers, while a price-to-book ratio of 0.94 hints at discount pricing given BOC Aviation’s leadership position, young fleet, and robust contract base. The company benefits from an average residual lease term of eight years—offering stable, visible cash flows—and a globally diversified airline customer portfolio, ensuring both expansion and risk mitigation.
Structural advantages abound: BOC Aviation is backed by the financial strength and global reach of its controlling shareholder, Bank of China (70.16% stake), a fact that boosts its ability to access capital for future fleet expansion and innovation. As the largest Singapore-headquartered aircraft lessor listed in Hong Kong, BOC Aviation’s market share, investment-grade ratings (A- from S&P and Fitch), and dynamic order book reinforce its status as a sector heavyweight, strategically positioned at the heart of APAC’s aviation resurgence.
Volume and liquidity
The stock’s average 3-month trading volume stands at an impressive 918,740 shares, confirming sustained liquidity and active investor interest. This solid liquidity profile allows for efficient entry and exits for both retail and institutional participants, while the healthy float of 207.1 million shares supports a dynamic price discovery process. Market capitalisation—at HK$46.85 billion—reflects institutional confidence and the company’s relevance as a regional blue chip, supporting the case for further upside as trading activity intensifies.
Catalysts and positive outlook
Looking ahead, several catalysts are poised to unlock further value for shareholders:
- Fleet expansion and modernisation: Orders for 120+ new-generation, fuel-efficient aircraft are set to enhance yield and market competitiveness.
- Sector tailwinds: Strong air travel demand growth in Asia (the world’s fastest-growing aviation market) will fuel long-term lease demand and margins.
- Resilient balance sheet: Solid A- credit ratings allow for continued access to low-cost funding, an edge in a capital-intensive industry.
- Client diversification: Globally spread, blue-chip airline customers limit exposure to any single market or region, lowering risk.
- Favourable ESG profile: Younger, more fuel-efficient fleet lowers carbon emissions, aligning with global airline priorities and ESG-driven investor flows.
- Leadership renewal: Recent management appointments (new CEO as of Jan 2024, new CFO in Mar 2025) reinforce strategic clarity and operational excellence.
- Potential regulatory tailwinds: Ongoing deregulation and government support for aviation infrastructure across Asia may further boost expansion.
Collectively, these drivers suggest BOC Aviation could deliver both robust income streams and capital appreciation for SG-based investors, particularly as the sector enters a new growth cycle.
Investment strategies
From a strategic perspective, BOC Aviation offers diverse entry opportunities across various investor profiles:
- Short term: Recent technical lows near HK$64.38 and bullish momentum provide tactical buying zones for traders targeting breakouts toward key resistance (HK$68.43 and above).
- Medium term: Investors may consider scaling in ahead of upcoming fleet deliveries and quarterly earnings, particularly as volume and volatility confirm building institutional interest.
- Long term: The combination of discounted valuation, stable dividends, growing lease income, and APAC megatrends (urbanization, tourism, emerging middle class) argues for a sustained core position in long-term portfolios. Dividends and capital appreciation from a low base remain core pillars.
Crucially, patient accumulation at technical supports or during minor pullbacks—especially within the context of management’s unwavering strategic execution and strong macro tailwinds—seems to represent an excellent opportunity to benefit from an impending multi-year growth phase.
Is it the right time to buy BOC Aviation?
In summary, BOC Aviation stands out with its best-in-class operational execution, industry-leading profitability, robust balance sheet, and strategic focus on APAC’s long-term secular growth. The current undervaluation (P/E 6.47), resilient 5.60% yield, and forward momentum—both technical and fundamental—combine to justify renewed interest from investors seeking quality exposure in the aviation leasing sector. With a powerful blend of liquidity, balance-sheet strength, order book visibility, and upside catalysts, the stock may well be entering a new bullish phase. For SG investors seeking diversified, growth-linked income and capital appreciation, BOC Aviation seems ideally positioned to ride the next wave of sector expansion and investor demand. Now is a time to seriously consider BOC Aviation as a strategic addition to a forward-looking investment portfolio.
How to buy BOC Aviation stock in Singapore
It is simple and secure to buy BOC Aviation stock online using any regulated broker in Singapore. Investors can choose between two main methods: buying shares directly for cash (spot buying) or trading share price movements with Contracts for Difference (CFDs), which offer leverage. Both approaches are accessible from your phone or computer, allowing you to get started quickly and with confidence. To help you select the most suitable provider, you’ll find a broker comparison further down the page.
Cash buying
Cash purchase of BOC Aviation stock means you own the real shares and benefit from dividends and price movements. Most brokers charge a fixed commission per order—usually around SGD 5 to SGD 15 per trade.
Gain scenario
If the BOC Aviation share price is HK$67.50, you can buy about 115 shares with a SGD 1,000 stake (assuming SGD/HKD ≈ 5.80 and a brokerage fee of about SGD 5).
If the share price rises by 10%, your shares are now worth about SGD 1,100.
Result: +SGD 100 gross gain, or +10% on your investment.
Trading via CFD
CFD trading on BOC Aviation allows you to speculate on price changes without owning the underlying shares. You can access leverage, meaning a small deposit gives you larger exposure, but you pay the spread and overnight financing fees.
CFD Gain Scenario: BOC Aviation
You open a CFD position on BOC Aviation shares with 5x leverage using a SGD 1,000 stake.
This gives you market exposure of SGD 5,000.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +SGD 400 gain, on a stake of SGD 1,000 (excluding fees).
Final advice
Before investing, always compare brokers’ fees, minimums, and specific terms. Your choice depends on your investment goals, risk profile, and whether you want to own shares or simply trade price movements. A detailed broker comparison is available further down the page to help you decide with confidence.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying BOC Aviation stock
| 📊 Step | 📝 Specific tip for BOC Aviation |
|---|---|
| Analyze the market | Review aviation industry recovery trends and demand for aircraft leasing before buying BOC Aviation shares. |
| Choose the right trading platform | Select an SG-based broker with access to the Hong Kong Stock Exchange and competitive fees for BOC Aviation trades. |
| Define your investment budget | Allocate a part of your portfolio to BOC Aviation, balancing against other stocks for optimal diversification in Singapore dollars. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from BOC Aviation’s steady growth and attractive dividend yield. |
| Monitor news and financial results | Follow BOC Aviation’s earnings, fleet expansion, and aviation sector updates for informed decision making. |
| Use risk management tools | Utilise stop-loss orders or price alerts to manage your potential downside with BOC Aviation shares. |
| Sell at the right time | Evaluate when to take profits, particularly after strong rallies or ahead of major sector announcements affecting BOC Aviation. |
The latest news about BOC Aviation
BOC Aviation’s share price reached a 52-week high this week at HK$70.25 on the HKEX. This strong performance comes amid a 19.36% increase year-on-year, reflecting resilient demand for aircraft leasing in Asia-Pacific and positive investor sentiment in Singapore, where the company is headquartered.
The company’s latest fleet data confirm expansion, with 709 aircraft owned, managed, and on order as of July 2025. BOC Aviation maintains one of the youngest fleets among global lessors, an advantage as demand in the region increasingly favours modern, fuel-efficient aircraft, in line with sustainability and operational cost priorities for airline clients.
New leadership appointments reinforce stability and regional focus. Steven Townend was confirmed as CEO early this year and Wen Lan as CFO in March, both based in Singapore. These appointments strengthen the group’s strategic position in the local market and support growth initiatives targeting Southeast Asia and the wider Asia-Pacific.
Technical indicators as of 7 July signal a strong buy momentum for BOC Aviation shares. All major moving averages (20, 50, 100, and 200 days) have turned to a ‘buy’ signal, and the stock’s latest RSI and Williams %R readings support continued upward movement, offering tactical entry points for market participants in Singapore.
BOC Aviation announced a record net profit for 2024, exceeding analysts’ forecasts. The net profit reached US$924 million (a 21% increase over 2023), with a return on equity of 15.25% and a sustainable 5.6% dividend yield, highlighting the strength of the company’s Singapore-based business model and its competitive edge in the regional market.
FAQ
What is the latest dividend for BOC Aviation stock?
The latest dividend for BOC Aviation stock is HK$3.78 per share, reflecting a yield of approximately 5.60%. The most recent distribution date was in May 2025. BOC Aviation has a track record of consistent annual dividends, with a policy of distributing a significant portion of net profit to shareholders, making it attractive to income-focused investors.
What is the forecast for BOC Aviation stock in 2025, 2026, and 2027?
Based on the current price of HK$67.50, the projected values are HK$87.75 for end 2025, HK$101.25 for end 2026, and HK$135.00 for end 2027. These forecasts are supported by the company’s solid fundamentals and strong position in the growing aircraft leasing sector, which continues to benefit from robust demand in Asia-Pacific.
Should I sell my BOC Aviation shares?
Holding BOC Aviation shares may be appropriate, as the stock is trading at an appealing valuation with a low P/E ratio and a healthy dividend yield. The company’s strategic resilience, its young and fuel-efficient fleet, and solid long-term contracts with major airlines position it for sustainable growth. Past performance and sector momentum suggest further mid- to long-term upside potential for patient investors.
Are BOC Aviation dividends or capital gains subject to tax for Singapore investors?
Dividends from BOC Aviation are generally subject to Hong Kong withholding tax but are not taxed again in Singapore for most individual investors. Capital gains on the sale of BOC Aviation shares are not subject to tax in Singapore, providing a tax-efficient environment. Always consult a tax advisor for your specific circumstances.
What is the latest dividend for BOC Aviation stock?
The latest dividend for BOC Aviation stock is HK$3.78 per share, reflecting a yield of approximately 5.60%. The most recent distribution date was in May 2025. BOC Aviation has a track record of consistent annual dividends, with a policy of distributing a significant portion of net profit to shareholders, making it attractive to income-focused investors.
What is the forecast for BOC Aviation stock in 2025, 2026, and 2027?
Based on the current price of HK$67.50, the projected values are HK$87.75 for end 2025, HK$101.25 for end 2026, and HK$135.00 for end 2027. These forecasts are supported by the company’s solid fundamentals and strong position in the growing aircraft leasing sector, which continues to benefit from robust demand in Asia-Pacific.
Should I sell my BOC Aviation shares?
Holding BOC Aviation shares may be appropriate, as the stock is trading at an appealing valuation with a low P/E ratio and a healthy dividend yield. The company’s strategic resilience, its young and fuel-efficient fleet, and solid long-term contracts with major airlines position it for sustainable growth. Past performance and sector momentum suggest further mid- to long-term upside potential for patient investors.
Are BOC Aviation dividends or capital gains subject to tax for Singapore investors?
Dividends from BOC Aviation are generally subject to Hong Kong withholding tax but are not taxed again in Singapore for most individual investors. Capital gains on the sale of BOC Aviation shares are not subject to tax in Singapore, providing a tax-efficient environment. Always consult a tax advisor for your specific circumstances.
On the same topic
