china aviation oil
China Aviation Oil says merger between parent and Sinopec not expected to impact business
Consolidation is not a restructuring of CAO but is taking place at the parent-entity level by the group’s controlling shareholder
DBS lifts China Aviation Oil target price to S$2.50 on arbitrage opportunities
Tightening availability and fragmenting regional markets may strengthen CAO’s commercial positioning
China Aviation Oil H2 net profit up 68.3% at US$60.5 million
It recommends a final dividend per share of S$0.0496 for the financial year ended Dec 31
DBS lifts target price of ST Engineering, Sats; cuts SIAEC to ‘hold’
It favours upstream aviation service providers
China Aviation Oil confirms Sinopec merger with parent CNAF
State administrators have given the nod for the merger following deliberation, says CAO
China Aviation Oil shares seesaw on talks of potential merger between parent CNAF and mega refiner Sinopec
CNAF owns 51% of CAO; merger talks said to be ongoing
Sinopec said to be in talks to merge with China’s aviation fuel giant
The negotiations are still in progress, and there is no timetable or guarantee that the deal will proceed
DBS restarts China Aviation Oil coverage with ‘buy’ call; shares rise 12.9%
Its trading profitability is expected to rise, while arbitrage opportunities are set to persist
China Aviation Oil H1 profit rises 18% to US$50 million on higher gross profit and associates’ share of results
The growth is attributed to increases in gross profit and share of results from associates; revenue expands 13.6% to US$8.6b, from US$7.5b in H1 2024
China Aviation Oil H2 profit falls 8.1% to US$36 million
A final dividend of S$0.0372 per share for FY2024 is proposed
