RHB Group Research analyst Shekhar Jaiswal have remained positive on China Aviation Oil (CAO) as he keeps “buy” with an unchanged target price of $1.30 on the counter.

As the Labour Day holiday week approaches in China, Jaiswal says he expects a “sharp recovery” in the country’s domestic aviation traffic during the period compared to the Lunar New Year in February when the Chinese government discouraged domestic travel due to the rise in Covid-19 cases.

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