China Aviation Oil (CAO)

Broker's Calls

Shipping and banks are biggest gainers for April, as equities are up 2.1%: PhillipCapital

Inflation hedges or high-interest rate beneficiaries are Singapore banks, the brokerage adds.
China Aviation Oil to enjoy further recovery: PhillipCapital and OCBC - THE EDGE SINGAPORE

Broker's Calls

China Aviation Oil to enjoy further recovery: PhillipCapital and OCBC

CAO's bottom line was somewhat weighed down after it made an impairment of US$12 million

Results

CAO reports higher FY2023 earnings with Shanghai leading gains; declares special dividend

Revenue dipped but earnings increased, thanks to better margins
Lim & Tan initiates ‘buy’ on CAO with TP of $1.20 - THE EDGE SINGAPORE

Broker's Calls

Lim & Tan initiates ‘buy’ on CAO with TP of $1.20

“CAO now stands as a beneficiary of rising international air traffic and jet fuel demand in China," say the Lim & Tan analysts.

Broker's Calls

Brokers' digest: Jumbo Group, China Aviation Oil, Keppel DC REIT

See what the analysts have to say this week.

Broker's Calls

CGS-CIMB keeps ‘add’ on China Aviation Oil as it sees 2HFY2023 net profit to grow by 88% y-o-y

CAO is expected to report its results for the 2HFY2023 and FY2023 in the last week of February.

Broker's Calls

'Bumpy take-off' for China Aviation Oil has OCBC Investment Research lowering TP to $1.10

However, OCBC “awaits a more meaningful outbound travel recovery” with CAO’s big presence in China and market leader status.

Environmental, Social and Governance

China Aviation Oil establishes sustainability committee

Teo Ser Luck will serve as the committee’s chairman.
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