China Aviation Leasing (1848)

China Aviation Leasing (1848)

Postby winston » Tue Feb 21, 2017 6:35 am

not vested

China Aircraft Leasing says 2016 profits likely to be up 60pc

“The expected increase is mainly attributable to increase in lease income which resulted from continued expansion of the scale of aircraft leasing business and the gain from disposal of finance lease receivables,”


CALC is 33 per cent held by state-owned investment conglomerate China Everbright Group, while Hong Kong-based Friedmann Pacific Asset Management owns a 17 per cent stake. It was the first aircraft lessor listed in Hong Kong.


CALC had 70 planes as of the end of June, leased mostly to mainland airlines including China Southern Airlines. The company planned to more than double the number to 173 by the end of 2020.

For the first half of last year, the Hong Kong-based firm’s net profits more than doubled to HK$1.027 billion(US$130 million).


Source: SCMP

http://www.scmp.com/business/companies/ ... ly-be-60pc
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Re: China Aviation Leasing (1848)

Postby winston » Tue Feb 21, 2017 10:26 am

<Positive Profit Alert>CALC Expects 2016 Profit to Grow No Less than 60%

CALC (01848.HK) issued a positive profit alert, predicting a yearly growth of no less than 60% in the consolidated profit for 2016, mainly attributable to increase in lease income which is resulted from continued expansion of the scale of aircraft leasing business and the gain from disposal of finance lease receivables.

Source: AAStocks Financial News
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Re: China Aviation Leasing (1848)

Postby winston » Tue Feb 21, 2017 10:28 am

Aug 25, 2016

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<Result Ann>CALC Interim Net Profit Surges 105.66%; Interim Div HK$0.14


CALC (01848.HK) announced that for the interim period as of the end of June, net profit rose 105.66% yearly to HK$240 million.

EPS equaled HK$0.392; an interim dividend of HK$0.14 was declared.

Source: AAStocks Financial News
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Re: China Aviation Leasing (1848)

Postby winston » Tue Feb 21, 2017 10:30 am

June 23, 2016

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<Research Report>Daiwa Raises CALC (01848.HK) Target to $9.2; Reiterated Buy

Daiwa, in its report, said the business outlook for CALC (01848.HK) will remain strong in 2016 and recommended investors to accumulate the stock.

As the aircraft delivery is progressing as scheduled, the securitisation is likely to increase, Daiwa revised up the 2016-18 EPS forecast by 1-3%, lifted the target price to $9.2 from $9 and reiterated the rating Buy.

Daiwa said CALC expects to deliver 18 airplanes in 2016, slightly above the earlier expectation of 17.

The ratio of non-Mainland airlines would increase to 19% by the end of 2016. The management also plans to explore opportunities in the overseas market more actively to raise its non-Mainland airlines ratio to 50%.

Daiwa did not expect much progress on its China Aircraft Global (CAG) venture as the management is now focusing on securitisation.

Compared to other aircraft leasing companies, CALC not only focuses on operating leases but also has the ability to disassemble an aircraft to render extra return upon the expiration of its lease.

Source: AAStocks Financial News
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Re: China Aviation Leasing (1848)

Postby winston » Tue Feb 21, 2017 2:09 pm

Aug 27, 2016

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CALC (01848.HK) Places 40M Shares at 10.11% Discount


CALC (01848.HK) announced that the company placed 40 million shares to no less than six institutional investors at $8 per share which is equivalent to an approximate 10.11% discount to the previous trading day.

Source: AAStocks Financial News
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