Shanghai Pudong International Airport Aviation Fuel Supply Co (SPIA)

Despite a strong balance sheet and attractive valuations, limited downsides means that investors should probably stay their hand.

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 (Aug 8): Shares of China Aviation Oil (Singapore) Corp have more than doubled since the beginning of the year, but the group’s strong earnings growth means there is potential for the stock to climb even higher.