China Aviation Oil (CAO)

Broker's Calls

Analysts hail CAO’s strong set of results for 1HFY2024

CGSI and Lim & Tan Securities' target prices are at $1.20 and $1.24 respectively.

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.
×