0644 GMT - China Aviation Oil (Singapore)'s jet-fuel trading could be bolstered by an effective suspension of shipping via the Strait of Hormuz, says OCBC Group Research's Ada Lim in a note. The boost could be offset by potentially lower jet-fuel volumes on weaker travel demand, the analyst notes. The Middle East conflict has caused jet-fuel prices to surge while casting uncertainty on civil aviation demand, she says. The jet-fuel trader said potentially softer business volumes haven't been significant drags on its financial performance, she notes. If the company uses its cash for accretive acquisitions or share buybacks, those could be rerating catalysts, she says. OCBC raises its rating on the stock to buy from hold and lifts its fair-value estimate to S$2.48 from S$1.60. Shares rise 0.55% to S$1.84. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 09, 2026 02:44 ET (06:44 GMT)
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