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China Aviation Oil on track to deliver steady growth and higher dividend yields

Samantha Chiew
Samantha Chiew7/28/2017 10:30 AM GMT+08  • 2 min read
China Aviation Oil on track to deliver steady growth and higher dividend yields
SINGAPORE (July 28): RHB continues to rate China Aviation Oil (CAO) a “buy” with a target price of $1.90, as the group continues to show growth despite the volatility in oil prices.
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SINGAPORE (July 28): RHB continues to rate China Aviation Oil (CAO) a “buy” with a target price of $1.90, as the group continues to show growth despite the volatility in oil prices.

In 2Q17, CAO showed an “unexciting” increase of 2% y-o-y in middle distillates sales volume growth, but the jet fuel trading and supply volumes that a under the same business segment saw a 7% growth y-o-y to 4 million tonnes.


See: China Aviation Oil 2Q earnings up 4% at $33.4 mil on higher revenue

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