---
title: "Stock Analysis: China Aviation | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278377635.md"
description: "China Aviation Oil recommends buying, with a target price of 2.48 yuan, closing price of 1.84 yuan (+0.55%). It is expected that the net profit for the fiscal year 2025 will grow by 41.7% year-on-year, reaching 110.6 million USD, with earnings per share increasing by 41.1% year-on-year to 12.85 cents, setting a new historical high. The company plans to distribute a year-end dividend of 4.96 new Singapore dollars per share, an increase of 33.3% year-on-year. Considering the market leadership position and the rise of the middle class, it is expected that the demand for aviation fuel will grow in the long term. The fair price has been raised from 1.60 yuan to 2.48 yuan, and the rating has been upgraded to \"Buy.\""
datetime: "2026-03-09T10:57:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278377635.md)
  - [en](https://longbridge.com/en/news/278377635.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278377635.md)
---

# Stock Analysis: China Aviation | Lianhe Zaobao

### China Aviation Oil

-   Recommendation: Buy
-   Target Price: 2.48 CNY
-   Closing Price: 1.84 CNY (+0.55%)

China Aviation Oil's net profit for the fiscal year 2025 is expected to grow by 41.7% year-on-year, reaching USD 110.6 million (approximately SGD 141.8 million). Earnings per share are projected to increase by 41.1% year-on-year to 12.85 cents, setting a new historical high and exceeding market expectations. The company plans to distribute a year-end dividend of SGD 4.96 per share, a year-on-year increase of 33.3%.

China Aviation Oil is the largest physical aviation fuel trader in the Asia-Pacific region. Considering its strong presence in the Chinese market and its leading position in the region, along with the wealth growth in the Asia-Pacific and the rise of the Chinese middle class, we believe it is well-positioned to seize the long-term demand growth opportunities in aviation fuel.

#### Further Reading

Stock Analysis: Sheng Siong Group Stock Analysis: Shengjie Enterprises

Due to the risk of a long-term blockade of the Strait of Hormuz, oil price fluctuations may benefit China Aviation Oil's trading activities, but at the same time, weakened demand for aviation fuel may lead to a decline in sales, partially offsetting profits.

As of the end of 2025, the company has net cash of USD 687 million, which can support future acquisitions or strategic investments. We believe this is an important catalyst for the company's repricing. We have raised the fair price from 1.60 CNY to 2.48 CNY and upgraded the rating to "Buy." (OCBC Research)

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