China Aviation Oil (CAO)

SINGAPORE (Mar 1): UOB Kay Hian and CIMB are maintaining China Aviation Oil Singapore at "buy" on brighter outlook with earnings from associates fuelling FY18 growth.

SINGAPORE (Feb 28): China Aviation Oil, the supplier and trader of jet fuel and other oil products, reported a 21.7% fall in 4Q earnings to US$14 million ($18.5 million) from a year ago.

SINGAPORE (Jan 31): Airlines in the region which can control their yields successfully are expected to lift their earnings this year while players like airports and maintenance players are expected to see positive developments as traffic growth persists,

SINGAPORE (Nov 7): UOB Kay Hian is maintaining its “buy” call on China Aviation Oil (CAO) with a target price of $2.26.

SINGAPORE (Nov 6): Phillip Capital is maintaining its “buy” call on China Aviation Oil (CAO) with a target price of $2.00 based on slightly lower average forward price-to-earnings (PE) and estimated appreciation of USD.

SINGAPORE (Nov 3): Analysts are divided over China Aviation Oil (CAO) after the group saw its earnings fall for the first time in 10 quarters in the 3Q ended September.

SINGAPORE (Nov 2): China Aviation Oil saw its revenue for 3Q17 soar 32.6% to US$5.2 billion ($7.1 billion) on an increase in trading volume and oil prices. Costs of sales likewise increased 32.8% to US$5.2 billion.

SINGAPORE (Sept 6): Maybank Kim Eng says it likes China Aviation Oil (CAO) as one of the largest jet fuel physical traders in the Asia Pacific (APAC) region, the group’s strategy for the expansion of its core China jet fuel supply business, as well as i

SINGAPORE (July 28): UOB Kay Hian is maintaining its “buy” call and target price of $2.26 for China Aviation Oil (CAO), leaving its 2017-2019 forecasts unchanged as the group yesterday delivered its 2Q results in line with expectations.

SINGAPORE (July 28): RHB continues to rate China Aviation Oil (CAO) a “buy” with a target price of $1.90, as the group continues to show growth despite the volatility in oil prices.