This is especially so since China's National Health Commission (NHC) reiterated the significance of the country firmly sticking to its zero COVID-19 policy last Friday.
RHB Group Research analyst Shekhar Jaiswal has maintained a “neutral” rating on China Aviation Oil (CAO) with an unchanged target price of $1.
Jaiswal’s continued neutral outlook on CAO comes amid the recent increase in the number of Covid-19 cases in China, which continues to be negative for the recovery in the country’s domestic and international aviation traffic.
