China Aviation Oil (CAO) was hit by a negative surprise on 28 July as it was served a writ of summons from Banque De Commerce Et De Placements SA, DIFC Branch. Still, CGS-CIMB analyst Cezzane See has maintained her “hold” call on the stock due to CAO’s strong cash position, which could cover the cost of a legal settlement. While she raised her target price slightly from 85.8 cents to 87 cents, growth is only expected to return in FY2021. 

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