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BCVVF - BOC Aviation: Current Valuation Still Not Attractive Due To Boeing 737 MAX Concerns
BOC Aviation Ltd
Elevator Pitch
Hong Kong-listed aircraft lessor BOC Aviation Limited (OTC:BCVVF) (OTC:BCCVY) [2588:HK] is currently trading at 8.7 times consensus forward FY2019 P/E and 1.36 times P/B. Since the grounding of the Boeing (BA) 737 MAX in March 2019, BOC Aviation's share price has traded as low as HK$60.00 on March 25, 2019. BOC Aviation's current share price of HK$65.85 as of August 26, 2019 is approximately 6% lower than the stock's new all-time historical share price peak of HK$70.10 achieved on April 15, 2019.