China Aviation Oil - Phillip Securities 2023-10-30: Lift-off In International Flights

China Aviation Oil - Lift-off In International Flights

China Aviation Oil (SGX:G92) | SGinvestors.ioChina Aviation Oil (SGX:G92)
  • China Aviation Oil (SGX:G92) supplies imported jet fuel to the civil aviation industry in China. China Aviation Oil is 51.3%-owned by state-owned China National Aviation Fuel Group Limited, which holds the mandate to supply all jet fuel requirements in China.
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Investment Highlights

China air travel demand rebounded after borders re-opened in early 2023.

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  • As more international flights are restored, we expect jet fuel demand at the major international airports in China to return to pre-COVID levels by FY25e. About 60% of petroleum and refined products are imported.

China Aviation Oil could potentially supply jet fuel to more international airports in China.

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Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @

Peggy Mak Phillip Securities Research | 2023-10-30

Read also Phillip's most recent report:
2024-03-04 China Aviation Oil - Net Profit & Dividend Beat Expectations.

Price targets by other brokers at China Aviation Oil Target Prices.

Listing of research reports at China Aviation Oil Analyst Reports.

Relevant links:
China Aviation Oil Share Price History,
China Aviation Oil Announcements,
China Aviation Oil Dividends & Corporate Actions,
China Aviation Oil News Articles


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