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Hit high $1.24,when it runs it's too late to catch..act fast.With oil price at USD 60 dosecn't justify such low price
China Aviation Oil is a joint venture among state-owned China National Aviation Fuel Group Corp, China National Petroleum Corp and China Petrochemical Corp. ($1=7.242 Yuan)..CAO is majority own by British Petroleum..rising oil prices is good for CAO expect share price to rise further 
CAO major shareholders include B.P.Today hit low at $1.10 in tandem with drop in Dow Jones of about 155 points bur recovered and moved into $1.20...going to move up even higher over the next few weeks.
Chinese fuel supplier China Aviation Oil has raised jet fuel prices by 210 yuan ($29) a tonne, in the first such hike since November, the China Business News reported on Monday, citing an airline industry official.
First-quarter jet fuel prices were raised to "help resolve China Aviation Oil's cost gap," but that would increase margin pressure on domestic airlines, the official from Shanghai-based carrier China Eastern <600115.SS><0670.HK> told the paper.
State-controlled prices for kerosene from Chinese refineries had not been increased, two industry sources who declined to be named told Reuters, so the increase was likely aimed at covering the rising cost of imports.
Inflation hit an 11 year high in November 2007 and China's cabinet, which has taken a number of steps to tame it, announced earlier this month that it would control prices for a range of staple goods, from grain to cooking oil, and freeze energy prices for the short term.
Refinery-gate kerosene prices were last raised in November.
But with international crude prices around $90 a barrel, companies that import oil are being squeezed and Beijing may have allowed the increase because it will only hit the wealthier segments of society that can afford to fly.
China Aviation Oil is a joint venture among state-owned China National Aviation Fuel Group Corp, China National Petroleum Corp and China Petrochemical Corp. ($1=7.242 Yuan)
Chinese fuel supplier China Aviation Oil has raised jet fuel prices by 210 yuan ($29) a tonne, in the first such hike since November, the China Business News reported on Monday, citing an airline industry official.
First-quarter jet fuel prices were raised to "help resolve China Aviation Oil's cost gap," but that would increase margin pressure on domestic airlines, the official from Shanghai-based carrier China Eastern <600115.SS><0670.HK> told the paper.
State-controlled prices for kerosene from Chinese refineries had not been increased, two industry sources who declined to be named told Reuters, so the increase was likely aimed at covering the rising cost of imports.
Inflation hit an 11 year high in November 2007 and China's cabinet, which has taken a number of steps to tame it, announced earlier this month that it would control prices for a range of staple goods, from grain to cooking oil, and freeze energy prices for the short term.
Refinery-gate kerosene prices were last raised in November.
But with international crude prices around $90 a barrel, companies that import oil are being squeezed and Beijing may have allowed the increase because it will only hit the wealthier segments of society that can afford to fly.
China Aviation Oil is a joint venture among state-owned China National Aviation Fuel Group Corp, China National Petroleum Corp and China Petrochemical Corp. ($1=7.242 Yuan)
787180 ( Date: 08-May-2009 10:31) Posted:
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Now U see the MAGIC now since recommending buy when it went ex-dividend on 7 May from 99.5cts to $1.02..it shot to a high of $1.15..
because they are not sure how this will play out after restructuring (my guess)... and risk losing further creditibility when the houses all rushed their strong buy reports b4 the saga unfolded. They want to make sure it's really back on track.
Btw, somewhat related news... Ms Gu Yanfei, the lady who led the special team in the restructuring of post fiasco CAO has joined Temasek Holdings's Beijing office. She remains as a advisor to CAO parent company in China.
so far no brokage firm cover CAO in therm of rating, any idea whats the reason?
CAO is trading in a bullish triangle..
with base of triangle at 2.88..
pending upward breakout..
suggest entry point @ 2.88 or 2.9
Last Friday, when reach 3.04, the selling pressure tremendously great.
This counter looks like doing a dance with one step forward and one step back. Up on Thursday and down on Friday. Wonder which direction it's heading for. Any TA guru care to comment? Thanks.
indicators for this counter looking bullish..
may test 3.08 again on monday... with oil price steadily climbing..
this counter is gonna be worth the while..
50cents is a large estimate!!! remember CAO's 2Q is boosted by a one off divestment gain of $130million. without tt, the EPS wouldnt be at 20cents now!!!
CAO eps 50 cts tis fy2007 (jan 2 dec 2007) CONSERVATIVE figure, so at px of $3.18 (52 wk high) pe is 6.36. At 2day's closing of $2.84, pe is 5.68...other china counters in sti pe's average is ard 15 at today's closing pxs. Hence cao hitting 3.50 (pe wud then b 7.00) is not optimistic .....comments welcome, thks.
all china stock fly today. this stock is for both long term and short term
Wah! Jump 34 cents today. What's going on?
interestinly this counter only rose 5% on friday. Coupled w the fact that oil prices are hitting new highs. Surely the only way to go is up 
This counter broke resistance @$2.48-2.5 with high volume. Stepwise uptrend still persist with attractive MACD! Hope the trend continue!
Acc/Dist and Chaikin charts look bearish.
Upwards or downwards price change? hehehe
Bollinger bands really tight now. Large price change may be coming soon.
No change in TA charts. Still look bearish to me.