RHB Group Research analyst Shekhar Jaiswal has reiterated his “buy” call for China Aviation Oil (CAO) with an unchanged target price of $1.15 in a Sept 15 research note.

Jaiswal has maintained his outlook, despite a potential risk of China’s domestic aviation traffic falling again amidst a resurgence of Covid-19 cases in Fujian. This comes as Shanghai Pudong International Airport (SPIA) has seen operations impacted by Typhoon Chanthu.

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