Thursday 28 Mar 2024
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SINGAPORE (April 3): Edison Investment Research has lowered its fair value on China Aviation Oil (CAO) to S$1.82 from S$1.88, after the research house rolled forward its peer group and DCF-based valuations by a year.

This is to reflect lower gross margins forecast for CAO’s core oil trading and supply operations, after the group in February posted a 21.7% fall in 4Q earnings to US$14 million on...(click on link for full story on theedgesingapore.com)

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