According to the Wise News app, BOC Aviation (02588) rose by over 3%. As of press time, it increased by 3.09%, to HKD 56.8, with a turnover of 11.8283 million HKD.

On the news side, Air Canada announced on Tuesday that they have agreed to receive 8 Boeing 737 MAX 8 jets from BOC Aviation. These jets are scheduled to be delivered in 2024 and will undergo necessary modifications before being put into use next year. This deal comes as travel demand remains strong for domestic and international routes.

UBS Group previously stated that the market may ignore the potential for the company to reduce value and potential dividend hikes. In the long run, the group still has room to expand its fleet and profits, with an expected compound annual growth rate of earnings per share of 10% from 2024 to 2028, and the global shortage of aircraft supply may also be a favorable factor. The bank said that in the short term, there is a lot of potential for dividends to rise at BOC Aviation, and they believe that the company's dividends are undervalued.