SINGAPORE (May 30): RHB Research is maintaining its “buy” call on China Aviation Oil (CAO) with an unchanged target price of $1.80 or 11.9 times FY18F earnings.

This comes after RHB hosted the group’s recently-appointed CFO, Xu Guohong, at a non-deal roadshow (NDR), where Xu reiterated the group’s focus on growing its core jet fuel business via higher investments in international operations.

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