On Wednesday, the group announced that its 2Q18 earnings have increased by 14% y-o-y to US$29.3 million ($40 million), mainly due to higher gross profit and stable profit contributions from associates.
SINGAPORE (Aug 2): RHB is reiterating its “buy” recommendation on China Aviation Oil (CAO) with a target price of $1.80. CAO is also the research house’s Singapore Top Picks.
In a Thursday report, analyst Shekhar Jaiswal says that he remains positive on the group’s strong recovery in its profit growth for 2018.
