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Home / Capital / Brokers Calls

SPIA still the gem for China Aviation Oil amid associate portfolio streamlining

Broker's Calls

SPIA still the gem for China Aviation Oil amid associate portfolio streamlining

Stanislaus Jude Chan Published on Wed, Jun 20, 2018 / 12:03 PM GMT+8

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SINGAPORE (June 20): CGS-CIMB Research is keeping its “add” call on China Aviation Oil (CAO) with an unchanged target price of $2.03, after the jet fuel trader signal its intention to streamline its associate portfolio.

CAO on Tuesday announced plans to divest its entire remaining 39% stake in its associate company, China Aviation Oil Xinyuan Petrochemicals Co.

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