Brokers' take

China Aviation Oil Singapore | Buy
Target price: S$1.90
June 28 close: S$1.665

RHB Research, June 28

After generating 20 per cent year-to-date return, CAO's share price has been trading sideways amid a lack of M&A-related announcements. However, we maintain that it is on track to deliver strong organic growth over 2017-2019, aided by the rapidly-growing Chinese aviation market and increased business diversification.

Maintain "buy" as the stock continues to trade at undemanding valuations (0.68 times...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to