Cirrus Aircraft (02507) extended its rally with a nearly 6% gain, bringing its cumulative increase since early July to almost 50%. At the time of writing, the stock was up 4.57% at HK$48.94, with a turnover of HK$105 million.
The company released its interim results, reporting first-half revenue of US$737 million, up 24.0% year-on-year, while profit for the period reached US$88 million, reflecting a 35.6% increase. During the reporting period, Cirrus delivered a total of 405 aircraft, up 15.7% year-on-year, comprising 348 SR-series planes and 57 SF Vision jets—the latter marking a 26.7% year-on-year rise, representing increases of 43 and 12 aircraft respectively compared to the same period last year.
How to approach the stock
A previous research note from Huayuan Securities highlighted Cirrus's rarity and growth potential. The private aviation market continues to expand, with high entry barriers and a relatively stable competitive landscape. Cirrus's brand strength is increasingly evident, suggesting its market share advantages are likely to solidify over time. As the company enhances its aircraft production and delivery capabilities, builds out its service ecosystem, and continuously refines its product line and user experience, its earnings are poised to maintain rapid growth momentum.
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