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Broker's Calls
China Aviation Oil's FY18 prospects are encouraging despite lower margins, says Edison
SINGAPORE (Apr 3): Edison Investment Research has lowered its fair value on China Aviation Oil (CAO) to $1.82 from $1.88 after the research house rolled forward its peer group and DCF-based valuations by a year.
April 03, 2018
Broker's Calls
Edison starts coverage on China Aviation Oil at ‘buy’
SINGAPORE (Feb 28): Edison Investment Research is initiating coverage of China Aviation Oil (Singapore) Corporation (CAO) at “buy” with a target price of $1.53, after the group last week reported a 45% rise in FY16 earnings to US$88.9 million ($125.7
February 28, 2017