BrokersTake: RHB upgrades China Aviation Oil to 'buy' on recovery in passenger traffic growth
RHB Research upgraded China Aviation Oil to"buy" from"neutral" with a target price of S$1.60 on Wednesday, citing signs of strong recovery in international passenger traffic growth in China.
Analyst Shekhar Jaiswal noted that China registered 15 per cent year-on-year growth in international passenger traffic in 2018, up from 7 per cent growth in 2017. Jet fuel imports also rose in tandem with passenger traffic, registering a 9 per cent year-on-year increase in 2018 versus 6 per cent growth in 2017.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Broker's take: RHB upgrades Dairy Farm to 'buy' but lowers target price to US$8.25RHB Research Institute has upgraded its call on bluechip index constituent Dairy Farm International to 'buy', but decreased its target price from US$8.64 to US$8.25. Read more at The Business Times.
Read more »
China regions see birthrates decline in 2018 - China DailySeveral Chinese regions, including the capital Beijing, saw birthrates decline again in 2018, the official China Daily reported, after a 2016 move to relax family planning controls failed to encourage couples to have more children. Citing figures from local authorities, the newspaper said Beijing'
Read more »
Malaysia threatens EU fighter jet boycott over palm oilMalaysia may retaliate against an EU plan to curb palm oil use by purchasing new fighter jets from China instead of European arms companies, its ...
Read more »
Football: Cannavaro tastes defeat again as shot-shy China lose to UzbeksFabio Cannavaro's difficult start to life as China coach continued as the disjointed hosts were deservedly beaten 1-0 by lower-ranked Uzbekistan ...
Read more »
China on campaign to sway overseas media, reporters' group saysHONG KONG (BLOOMBERG) - China is working to influence media outlets beyond its borders in an effort to impose its ideology and deter criticism of its actions, a press freedom group said.. Read more at straitstimes.com.
Read more »
Football: Cannavaro future in doubt after just 10 days as China coachFabio Cannavaro's difficult start to life as China coach continued as the disjointed hosts were deservedly beaten 1-0 by lower-ranked Uzbekistan ...
Read more »
China tech firms, seeking passion and energy, promote younger staffHONG KONG/BEIJING (REUTERS) - Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers.. Read more at straitstimes.com.
Read more »
China says it cloned a police dog to speed up trainingIt can be costly and time-consuming to train police dogs when each candidatemight have different skills and personalities
Read more »
Trump push for China trade reform draws wide support at home, abroadU.S. President Donald Trump's blunt-force use of tariffs in pursuing his 'America First' trade agenda has angered many, from company executives to ...
Read more »
China to push 5G commercialisation even as Huawei faces US-led resistance in WestChina plans to accelerate commercialisation of 5G as development of the advanced wireless technology enters a “final sprint” phase, with winners poised to achieve accelerated economic development, according to a senior Chinese government official. Wang Xinzhe, chief economist at China’s Ministry of
Read more »