Shanghai Pudong International Airport (SPIA)

China Aviation Oil poised to take off this year with compelling valuations, strong passenger traffic recovery: RHB
SINGAPORE (Mar 27): RHB Research is upgrading its call on China Aviation Oil (CAO) to “buy” from “hold”, while raising its target price on the stock by 10 cents to $1.60 to suggest 26% upside plus 3.6% yield. This comes as the research house expects CAO to benefit from signs of a strong recovery in international passenger growth in China, in addition to the anticipated capacity ...
China Aviation Oil target price slashed on crude oil & currency risks
SINGAPORE (Nov 2): CGS-CIMB Securities is maintaining its “add” call on China Aviation Oil (CAO), lowering its target price on the stock to $1.83 from $2.03 to account for a wider discount of 30% of peer average compared to 25%. The new target price is now based on 12 times FY19F earnings as opposed to 12.5 times previously, and comes after the release of CAO’s 3Q18 results which ...