The Business Times
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china aviation oil

Companies & Markets

China Aviation Oil says merger between parent and Sinopec not expected to impact business

CAO's outperformance in FY2025 was primarily driven by gross profit per tonne surging to US$4.70 in the second half of 2025, a 77% increase year on year.
Companies & Markets
BROKERS’ TAKE

DBS lifts China Aviation Oil target price to S$2.50 on arbitrage opportunities

China Aviation Oil's into-plane refuelling operations at Hong Kong International Airport. The group says the improvements are due to an increase in gross profit and share of results from associates.
Companies & Markets

China Aviation Oil H2 net profit up 68.3% at US$60.5 million

Upstream defence and maintenance companies are flagged as “clearer winners” in a maturing post-pandemic cycle.
Transport & Logistics
BROKERS’ TAKE

DBS lifts target price of ST Engineering, Sats; cuts SIAEC to ‘hold’

A model of oil pump jack at Sinopec's booth at the China International Fair for Trade in Services in Beijing last September.
Companies & Markets

China Aviation Oil confirms Sinopec merger with parent CNAF

Sinopec is expected to absorb all of CNAF’s assets and operations, if the merger goes through, a Bloomberg report said.
Companies & Markets
HOT STOCK

China Aviation Oil shares seesaw on talks of potential merger between parent CNAF and mega refiner Sinopec

If the tie-up goes ahead, Sinopec is expected to absorb all of CNAF’s assets and operations.
International

Sinopec said to be in talks to merge with China’s aviation fuel giant

DBS says CAO's early strategic positioning in sustainable aviation fuel provides “compelling medium-term growth optionality”.
Companies & Markets
BROKERS’ TAKE

DBS restarts China Aviation Oil coverage with ‘buy’ call; shares rise 12.9%

The company, which is a key supplier of imported jet fuel to China, sees its earnings per share jump 18.1% to US$0.0582 for H1 FY2025.
Companies & Markets

China Aviation Oil H1 profit rises 18% to US$50 million on higher gross profit and associates’ share of results

The jet fuel trader's revenue for the second half falls slightly by 2.1% to US$8 billion from US$8.2 billion, on the back of a decline in oil prices.
Companies & Markets

China Aviation Oil H2 profit falls 8.1% to US$36 million

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