china aviation oil
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
China Aviation Oil seeks November jet-fuel deliveries to China in a rare move: sources
Buying interest stems from tighter fuel export quota allowance for the fourth quarter
China Aviation Oil H1 profit doubles to US$42.4 million on oil price, business volume increases
Revenue rises 20.1% to US$7.5 billion, from US$6.3 billion in H1 FY2023
China Aviation Oil H2 profit up 182% to US$39.1 million amid air travel recovery
CHINA Aviation Oil (CAO) registered a 182 per cent rise in net profit to US$39.1 million for its second half year ended December, from US$13.9 million in H2 FY2022. This was mainly attributed to a hig...
Transportation stocks on the move in 2024
TRANSPORTATION stocks have been on a roll since the price of Brent Crude Oil stayed below US$80 per barrel in November 2023, and are expected to continue the momentum into 2024, said the Singapore Exc...
China Aviation Oil appoints new executive chairman
JET fuel trader China Aviation Oil (Singapore) on Friday (Dec 1) announced that its executive chairman Gong Feng is stepping down, and will be replaced by Shi Yanliang from Dec 15.
