In a Friday report, analyst Cezzane See says China’s ‘Belt and Road’ initiative will further boost ongoing developments in the country’s international air routes.
SINGAPORE (June 9): CIMB is maintaining its “add” on China Aviation Oil (CAO) given its prime position in key global aviation markets and its healthy balance sheet.
CIMB however has lowered its target price to $2.20 from $2.28 previously, based on a 19.5% discount to the peer average.
