According to KGI on July 19, there's a travel demand surge these couple of months, as graduating students go travelling with friends and families before they move to new schools in September.
KGI Securities has reiterated its "buy" call and $1 target price for China Aviation Oil, citing how the supplier of jet fuel in China is set to enjoy growth from the current peak summer travel season.
The company's main business is to supply jet fuel to foreign and domestic airlines flying through China’s airports. It actively trades oil products such as fuel oil, gas oil, crude oil, and petrochemical products too.
