China Aviation Oil (CAO)

SINGAPORE (July 27): China Aviation Oil (Singapore) Corporation announced earnings of US$24.6 million ($33.4 million) for 2Q17 ended June, up 4.1% from its earnings of US$23.6 million a year ago.

SINGAPORE (June 28): RHB is maintaining its “buy” call on China Aviation Oil (CAO) with a target price of $1.90, given China’s rapidly-growing aviation market and the group’s increased business diversification.

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.

SINGAPORE (May 19): Some 45% of the results announced in the 1Q17 reporting season so far have been in line with expectations, while the number of beats have fallen to 26%, from 32% a year ago, according to UOB Kay Hian.

SINGAPORE (April 20): CIMB Research is maintaining its “add” call on China Aviation Oil with $2.28 target price given its jet fuel supply monopoly, expanding international footprint and strategic stake in exclusive fuel supplier for Shanghai Pudong Ai

SINGAPORE (March 24): CIMB likes China Aviation Oil for its foothold in two of the world’s largest aviation markets, increasing contributions from associates and potential for M&As.

SINGAPORE (March 3): RHB is keeping its “buy” recommendation on China Aviation Oil (CAO) while lifting its target price on the stock from $1.61 previously to $1.83, as the group remains on track to deliver steady earnings growth on and higher dividend

SINGAPORE (Feb 10): AirAsia, Asia Aviation and Cebu Air are DBS’ top buy calls as Asean airlines appear on track for record 2016 performances, says DBS.

SINGAPORE (Jan 10): UOB Kay Hian is dropping StarHub from its list of alpha picks for January after the stock’s “stellar performance” since its inclusion in Sept 2016.

SINGAPORE (Jan 5): UOB Kay Hian is maintaining its “buy” call on China Aviation Oil (CAO) with a higher target price of $2.01 from $1.90 previously, raising its 2016 earnings estimates for CAO by 7.5% as it notes the oil market is now in contango and