China Aviation Oil's 1H Performance Disappoints DBS

Dow Jones

Aug 14

0216 GMT - China Aviation Oil (Singapore)'s 17% fall in 1H net profit disappoints DBS Group Research and prompts it to review its earnings estimates. The jet fuel trading company's core trading segment suffered from weaker margins as gross profit per ton from middle distillates plunged, says analyst Jason Sum in a note. While jet fuel trading conditions should improve from the 1H trough, he expects trading margins to remain pressured due to volatile energy prices. He anticipates cutting his earnings estimates after meeting China Aviation's management on Tuesday, and is reviewing the stock's buy rating and target price of 2.50 Singapore dollars. Shares are down 2.5% at S$1.54.

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The jet fuel trading company's core trading segment suffered from weaker margins as gross profit per ton from middle distillates plunged, says analyst Jason Sum in a note. While jet fuel trading conditions should improve from the 1H trough, he expects trading margins to remain pressured due to volatile energy prices. He anticipates cutting his earnings estimates after meeting China Aviation's management on Tuesday, and is reviewing the stock's buy rating and target price of 2.50 Singapore dollars. Shares are down 2.5% at S$1.54.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Aviation Oil's 1H Performance Disappoints DBS</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Aviation Oil's 1H Performance Disappoints DBS\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-08-14 10:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>0216 GMT - China Aviation Oil (Singapore)'s 17% fall in 1H net profit disappoints DBS Group Research and prompts it to review its earnings estimates. The jet fuel trading company's core trading segment suffered from weaker margins as gross profit per ton from middle distillates plunged, says analyst Jason Sum in a note. While jet fuel trading conditions should improve from the 1H trough, he expects trading margins to remain pressured due to volatile energy prices. He anticipates cutting his earnings estimates after meeting China Aviation's management on Tuesday, and is reviewing the stock's buy rating and target price of 2.50 Singapore dollars. Shares are down 2.5% at S$1.54.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RJAW.SI","symbol_name":"DBS MB ePW240902","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2659194627","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2659194627","pubTimestamp":1786673760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0216 GMT - China Aviation Oil 's 17% fall in 1H net profit disappoints DBS Group Research and prompts it to review its earnings estimates. The jet fuel trading company's core trading segment suffered from weaker margins as gross profit per ton from middle distillates plunged, says analyst Jason Sum in a note. While jet fuel trading conditions should improve from the 1H trough, he expects trading margins to remain pressured due to volatile energy prices. He anticipates cutting his earnings estimates after meeting China Aviation's management on Tuesday, and is reviewing the stock's buy rating and target price of 2.50 Singapore dollars. 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