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Home / Capital / Brokers Calls

RHB downgrades China aviation oil with air traffic recovery delayed

Broker's Calls

RHB downgrades China aviation oil with air traffic recovery delayed

Ng Qi Siang Published on Thu, Aug 13, 2020 / 9:45 PM GMT+8

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Following a resurgence in Covid-19 cases worldwide, air traffic recovery is likely to take longer than expected. Consequently, RHB analyst Shekar Jaiswal has downgraded China Aviation Oil from “buy” to “neutral” with long-run demand for aviation fuel likely to stay low. He has indicated a lower target price of $0.95 from $1.25 with a 2% upside.

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