0134 GMT - China Aviation Oil (Singapore) may benefit from some tailwinds, Phillip Securities Research's Liu Miaomiao says in a report. Profit from its associates is expected to grow at least 12% in 2025, supported by continued rebound of inbound leisure and business travel, the analyst says. Also, the company's volume in trading of jet fuel and other oil products is likely to pick up in 1H, driven by rising demand for jet fuel and sustainable aviation fuel, the analyst says. The brokerage upgrades the stock's rating to accumulate from neutral and raises the target price to S$0.90 from S$0.85 to reflect recent share-price performance and improving financial metrics. Shares last closed at S$0.83. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 21:34 ET (01:34 GMT)
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