0323 GMT - China Aviation Oil (Singapore) could increase its dividend payout once controlling shareholder-related constraints are lifted, says DBS Group Research's Jason Sum in a note. The jet-fuel trader's 2025 final dividend implied a yield of around 2.0% despite its earnings beat and stronger net cash position, the analyst notes. However, the company said the continuing restructuring involving its controlling shareholder has limited flexibility around near-term dividends, he says. Once the restructuring is completed, likely this year, the company could boost returns and introduce an interim dividend, the analyst says. He raises his 2026 and 2027 earnings forecasts by 12% and 9.0%, respectively. DBS increases its target price to S$2.50 from S$1.75 and maintains a buy rating. Shares rise 5.9% to S$2.15. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 17, 2026 23:23 ET (03:23 GMT)
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