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China Aviation Oil off to a good start

PC Lee Published on Fri, Jul 08, 2016 / 4:13 PM GMT+8

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SINGAPORE (July 8): DBS Vickers Securities is starting coverage of China Aviation Oil (CAO) with a “buy” recommendation and $1.62 target price.

CAO has a monopoly when it comes to the supply of imported jet fuel to airports in China.

The group also owns a 33% stake in the sole supplier of jet fuel at China's second largest airport, Shanghai Pudong.

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