- 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 the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Peggy Mak Phillip Securities Research | https://www.stocksbnb.com/ 2023-10-30
Read also Phillip's most recent report:
2024-08-22 China Aviation Oil - Spike In Air Traffic.
Previous report by Phillip:
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 Dividend Payout Dates & Corporate Actions,
China Aviation Oil News
