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Home / Capital / Brokers Calls

China Aviation Oil's FY18 prospects are encouraging despite lower margins, says Edison

Broker's Calls

China Aviation Oil's FY18 prospects are encouraging despite lower margins, says Edison

Michelle Zhu Published on Tue, Apr 03, 2018 / 4:56 PM GMT+8

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SINGAPORE (Apr 3): Edison Investment Research has lowered its fair value on China Aviation Oil (CAO) to $1.82 from $1.88 after the research house rolled forward its peer group and DCF-based valuations by a year.

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