Should I buy BOC Aviation stock in 2025?

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At HelloSafe, our expert has been monitoring the performance of BOC Aviation for over three years. Each month, hundreds of thousands of users in Singapore rely on us to interpret market trends and uncover the most promising investment opportunities. Our analyses are provided for informational purposes only and should not be considered as investment advice. In line with our ethical charter, we have never been, and will never be, compensated by BOC Aviation.

What is BOC Aviation ?

How much is BOC Aviation stock?

The price of BOC Aviation stock is stable this week. Currently trading at HKD 60.00, the stock saw no change over the past 24 hours, but gained 3.00% for the week. Market capitalization stands at HKD 41.64 billion and average volume over the past three months is about 780,000 shares. The stock displays a P/E ratio of 5.81, a healthy dividend yield of 6.04%, and a beta of 1.23, indicating slightly higher volatility. With these fundamentals, BOC Aviation continues to attract investors seeking stable income and potential growth in the Singapore market.

Our full analysis on BOC Aviation stock

Having thoroughly reviewed BOC Aviation’s latest financial results and scrutinized its equity performance across the past three years, we have synthesised an advanced assessment by leveraging our proprietary algorithms, integrating fundamental indicators, technical signals, competitive positioning, and prevailing market dynamics. This multifaceted analysis reveals an evolving opportunity for investors seeking stable, growth-oriented exposures in the aircraft leasing sector. So, why might BOC Aviation stock emerge as a strategic entry point into the global aviation financing landscape in 2025?

Recent Performance and Market Context

BOC Aviation’s share price currently trades at HKD 60.00 (as of May 2025), representing remarkable stability and resilience against a persistently volatile macro backdrop. While the 6-month and 1-year returns have shown modest corrections of -2.68% and -2.28% respectively, more recent momentum illustrates a constructive shift; the stock is up 3% over the past week. Crucially, this rebound is supported by investor enthusiasm surrounding positive Q1 2025 results, the completion of 158 commercial transactions, and a final dividend announcement—initiatives which have invigorated sentiment and suggested the formation of a durable floor for the stock.

The sector backdrop is equally auspicious. The global aircraft leasing industry is entering a new expansion phase, powered by a projected 30% rise in aircraft deliveries in 2025, and structural supply constraints that are driving up lease rates. For Singaporean and regional investors, this backdrop is amplified by Asia-Pacific’s resilient air travel demand, airline fleet modernization, and long-term aircraft utilization trends—all shining a spotlight on quality lessors like BOC Aviation.

Technical Analysis

• Moving Averages: The stock is currently above its 50-day moving average and near its 100-day, indicating improving short-term sentiment and a potential transition out of the previous consolidation range. Resistance around HKD 62.00 and 65.00, if decisively broken, could provide the momentum for further gains.
• RSI & MACD: With a 14-day RSI at 50.13, BOC Aviation sits at a pivotal inflection, neither overbought nor oversold, primed for an upward breakout on positive fundamental news. MACD readings point to short-term consolidation—a constructive pause that often precedes renewed bullish momentum.
• Support & Resistance: Firm support is observed at HKD 59.00 and HKD 57.60, comforted by a 52-week low at HKD 53.20. These levels have acted as robust buying zones historically, reinforcing an emerging technical base.
• Momentum: The short-term upward movement toward the 50- and 100-day averages, alongside positive volume spikes on news flow, suggests that medium-term trend structure may be shifting bullishly—making current prices especially attractive relative to intrinsic value.

Fundamental Analysis

• Revenue and Profit Growth: The company delivered a record net profit after tax of USD 924 million in 2024, up 21% year-on-year, backed by total revenues of USD 2.14 billion and robust operating cash flow growth (+13% YoY). These metrics reflect sustained demand for BOC’s services and outstanding portfolio quality.
• Attractive Valuation: With a trailing P/E ratio of 5.81 and price/book at 0.84, BOC Aviation trades at an evident discount to intrinsic value and sector peers, suggesting upward re-rating potential as profitability and cash flow visibility improve. The 6.04% dividend yield, substantially above Hong Kong and Singapore market averages, provides additional incentive for income-focused investors.
• Strategic Expansion: As of Q1 2025, BOC Aviation boasts an all-time high order book of 346 aircraft, excellent fleet age profile (average 5.1 years), and a 100% utilization rate. This is complemented by broad customer and geographic diversification, cementing its role as a preferred lessor to 93 airlines across 48 countries.
• Financial Strength: With total assets of USD 25.1 billion, equity of USD 6.4 billion, and liquidity reserves of USD 6.5 billion, the company is well-capitalised to pursue growth while absorbing sector volatility. The return on equity of 15.25% signals best-in-class capital efficiency.

Competitive advantages in innovation (commitment to fuel-efficient, next-generation aircraft), unparalleled order visibility, and a prudent capital strategy strongly differentiate BOC Aviation from peers.

Volume and Liquidity

Market conviction in BOC Aviation is reinforced by robust share liquidity and consistent trading volume, especially after earnings releases and major order news. The float structure is conducive to dynamic price adjustments, while the presence of the Bank of China as a controlling shareholder provides stability and underpins market confidence. Healthy daily turnover underlines sustained institutional interest, reducing liquidity risk and enabling nimble position adjustments for new entrants and existing shareholders alike.

Catalysts and Positive Outlook

• Fleet Expansion: The company’s record order book and recent delivery pace position it to capture market share as global air travel normalises and fleet upgrades accelerate.
• Sector Tailwinds: Acute aircraft supply shortages are driving favorable lease renegotiations and new contract pricing—a structural tailwind likely to persist for several years.
• ESG and Modern Technology: BOC Aviation’s pivot towards the latest, most fuel-efficient jets resonates with airline decarbonization trends and regulatory incentives, appealing to ESG-aligned capital flows.
• Strong Capital Access: The successful USD 500 million bond issuance at attractive rates evidences robust access to global capital markets, reinforcing balance sheet flexibility.
• Dividend Growth: Most recent distributions (total 2024 dividend equivalent to 35% of net profit) provide a benchmark for future capital returns, supporting long-term investment cases.

Favourable macroeconomic conditions—including projected industry-wide aircraft funding needs exceeding USD 100 billion in 2025—act as a rising tide, amplifying the impact of BOC Aviation’s operational scale and strategic positioning.

Investment Strategies

• Short-Term: Strong technical support and a return to positive sentiment post-dividend announcement create an appealing entry point near recent cycle lows. Technical structure suggests the potential for upward acceleration on further positive results or industry news.
• Medium-Term: Ongoing aircraft deliveries, stable lease revenues, and robust transaction activity (158 in Q1) hint at sustained outperformance. Investors targeting consistent yield alongside capital appreciation may find BOC Aviation especially suitable at current valuation metrics.
• Long-Term: Strategic fleet modernization, sector consolidation, and exposure to growing Asia-Pacific travel demands bolster a secular growth thesis. Well-anchored lease terms and an embedded pipeline ensure structural earnings visibility and compounding returns.

Whether seeking value, growth, or yield, BOC Aviation’s unique positioning at a technical and strategic inflection seems to represent an excellent opportunity for portfolio enhancement.

Is It the Right Time to Buy BOC Aviation?

To summarize, several factors reinforce BOC Aviation’s credentials as a timely candidate for renewed investor interest:

• Robust fundamentals: Record profit growth, strong balance sheet, and a leading market position in global aircraft leasing.
• Attractive valuation: Low P/E and price/book, combined with a standout 6.04% dividend yield.
• Technical support: Signs of base formation amid improving momentum and constructive market activity.
• Clear bullish catalysts: Expanding order book, favourable leasing environment, ESG-aligned growth strategy, and resilient capital access.
• Macro tailwinds: Rising aircraft demand, tight supply, and a healthy industry outlook.

Given the current market backdrop, BOC Aviation stock may be entering a new bullish phase, with solid justification for investors to revisit its potential. The synthesis of financial performance, operational dynamism, and market context means this equity deserves serious consideration as part of a forward-looking, diversified portfolio. For investors in Singapore and the broader region, BOC Aviation’s disciplined execution, coupled with its strategic exposure to global growth drivers, accentuates its relevance as a compelling aviation sector play.

In this environment, BOC Aviation stands out as a stock where fundamentals, momentum, and growth prospects are converging, making the case for renewed optimism and investment conviction stronger than ever.

How to buy BOC Aviation stock in Singapore?

Buying shares of BOC Aviation Limited (2588.HK) online is both simple and secure for investors in Singapore, thanks to reputable broker platforms regulated by authorities such as MAS or SFC. You can choose between two main approaches: purchasing physical shares (spot buying) or trading Contracts for Difference (CFDs), which allow you to speculate on price movement with leverage. Both methods are accessible online, with user-friendly interfaces and robust investor protections. For help finding the right broker, you’ll find a comprehensive comparison further down this page.

Spot buying

A cash purchase, also called spot buying, means you directly acquire BOC Aviation shares listed on the Hong Kong Stock Exchange (HKEX). You become a shareholder, entitled to dividends and voting rights. Singapore-based retail investors usually pay a fixed commission per order, typically between HKD 30–50 (around SGD 5–9), depending on the broker.

Example

For example: If the BOC Aviation share price is HKD 60.00, with SGD 1,000 (roughly HKD 5,800), you can buy about 96 shares (HKD 60 × 96 = HKD 5,760), accounting for a brokerage fee of around SGD 5.
✔️ Gain scenario: If the share price rises by 10%, your shares are now worth about SGD 1,100.
Result: That’s a gross gain of SGD 100, or +10% on your investment (excluding dividends, which could add further returns).

Trading via CFD

CFDs (Contracts for Difference) are derivatives that allow you to speculate on the rise or fall of BOC Aviation's share price without owning the underlying shares. With CFDs, you can use leverage to amplify your exposure, but you’re charged a spread (the broker’s margin between buy and sell prices), and may pay overnight financing fees if you keep positions open for more than a day.

Example

For example: With a capital of SGD 1,000 and 5× leverage, you gain market exposure of SGD 5,000 to BOC Aviation stock.
✔️ Gain scenario: If the stock rises by 8%, your position gains 40% (8% price movement × 5 leverage), for a profit of SGD 400 on a SGD 1,000 stake (excluding spread and overnight fees).

Final advice

Always compare brokers’ fees, trading platforms, and support before investing. Fee structures can vary notably—especially for international stocks and CFD trading. Your choice should reflect your investment goals: cash/share purchase suits those seeking long-term value and dividends, while CFDs may appeal more to active traders seeking flexibility and leverage. To help you decide, see our broker comparison further down the page. Investing in the stock market is accessible, secure, and rewarding with the right approach!

Our 7 tips for buying BOC Aviation stock

The latest news about BOC Aviation

BOC Aviation stock gains 3% over the past week, outperforming the broader Hong Kong market.
Shares of BOC Aviation (2588.HK) closed the week at HKD 60.00, not only maintaining stability but marking a 3% increase over the last seven days, a performance that stands out against a generally tepid broader market in Asia. This upward momentum is especially noteworthy in light of market concerns about regional economic headwinds, reflecting investor confidence in the company’s high-quality portfolio, robust yield, and resilient global demand for aircraft leasing.

First quarter 2025 highlights strong operational metrics and continued 100% fleet utilization.
BOC Aviation’s recently released Q1 2025 operational data underscores the company’s strength, with a perfect 100% aircraft utilization rate achieved for the first time in five years—an exceptionally positive result for aircraft lessors. The company executed 158 transactions, including commitments for 125 aircraft purchases and 16 new lease agreements, and delivered 11 new planes, underlining its active role in meeting surging airline demand as Asia-Pacific aviation recovers briskly. These factors are critical for Singapore-based investors as the firm’s headquarters and operational nerve centre are locally anchored.

Record net profit and dividend payout for 2024 assure income-focused investors amid market volatility.
Full-year results for 2024 were exceptionally strong, showing net profit after tax rising 21% to USD 924 million and a total dividend payout equating to a 6.04% yield, among the highest on the HKEX and a key attraction for Singaporean shareholders. This robust performance, combined with a disciplined 35% payout ratio, signals management’s confidence in maintaining shareholder returns, reinforcing BOC Aviation’s standing as a preferred dividend play in the region.

BOC Aviation’s strategic positioning in Singapore strengthens links to local capital markets and regulatory frameworks.
The company’s status as a Singapore-headquartered entity connects it directly to Singapore’s sophisticated financial ecosystem, benefiting from world-class regulatory standards and access to deep capital sources. The recent USD 500 million bond issuance at a competitive 4.75% coupon demonstrates its ability to tap markets efficiently, further bolstering its liquidity position—now at USD 6.5 billion—to support future fleet expansion and capitalize on strong recovery trends in Asian and global aviation.

Analysts remain bullish, forecasting nearly 30% upside and emphasizing undervaluation relative to fundamentals.
Consensus target prices suggest significant re-rating potential, with an average analyst target of HKD 77.58, approximately 30% above the current stock price. This optimism is grounded in the company’s low price-to-book ratio of 0.84 and a P/E well below sector averages, combined with visible earnings and lease growth. Institutional and retail investors in Singapore are thus well-positioned to benefit from both income and capital appreciation as BOC Aviation continues to deliver operational and financial outperformance.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.