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

• 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.
• - Read this at SGinvestors.io -

Investment Highlights

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

• - Read this at SGinvestors.io -
• 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.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-03-07 China Aviation Oil - No Money For You, Downgrade To NEUTRAL..

Previous report by Phillip:
2024-08-22 China Aviation Oil - Spike In Air Traffic.

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 Dividend Payout Dates & Corporate Actions,
China Aviation Oil News