China Aviation Oil - DBS Research 2025-10-29: From Cash-rich To Shareholder-centric

• Re-initiate coverage with BUY and target price of S$1.75, viewing this as a timely opportunity to re-evaluate China Aviation Oil amid improving fundamentals and impending re-rating catalysts.
• - Read this at SGinvestors.io -
• Profit contributions from key associate, SPIA, are poised for a continued rebound as international air traffic in China continues to recover. Furthermore, China Aviation Oil’s early strategic positioning in sustainable aviation fuel (SAF) provides compelling medium-term growth optionality.
• - Read this at SGinvestors.io -

Stronger capital allocation is a key catalyst for multiple expansion and share re-rating.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2022-03-03 China Aviation Oil - 2H21 Missed Expectations; Downgrade To HOLD.

Price targets by 2 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