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sorry, didnt'notice your posting
I have bn worrying about china counter's acc.
last yr, it's profit/rev(dun rmember well, though is important) was 54mil. it's so fast too quick, other wise a drop from near S$1.60 to $1.25 is a good buy
secondly, I don't have enough money, buy into Noble
thridly, just heard from the media the jet fuel demand might be affected ard this time.
those vested. great increase.
New123 ( Date: 23-Mar-2011 11:28) Posted:
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True. Long 25 lots today. Expect to hold for a while for this counter to go up. One of the better China company nowsadays with transparency and clarity after the 2004 incident.
Yes, if u have the patience for Long and if the world oil situation does not deteriorate. Currently, the stock price is holding quite nicely couldn't be a much better time and price for entry.
Salute ( Date: 04-Mar-2011 11:46) Posted:
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not cynically against your updating, but there are doubts which I raised in my posting and see if you know the reason.
Not to disagree if you are so confident in it and price will go back, but at this moment, so, open for discussion. If you don't know the reason. it's alright.I have those doubts and hope to get answers that's all.
of course, you have your way of investment.
cserchung ( Date: 04-Mar-2011 11:03) Posted:
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Mr. Timothy Bullock joined CAO in 2008 after the " Chen Jiulin" scandal in 2004.
Mr Hayood portfolio is good and with his vast experience in the Gas and Oil industry, he will help CAO to diversify their business scope and grow.
China accounting practises in general is always in question by the public. Does this means that every China listed company is questionable and advise not to be invested? I beg to differ.
Majority of the people will follow where the " general" herd goes and the " general" herd will follow where the latest news goes. Different people will buy or sell stocks basing on their own trading/investment plans.
There is a reason to your quesion and it will be revealed soon by keeping this stock price and news from CAO in your radar.
Personally, my only comment is that CAO wil be a cash cow moving forward.
the previous non executive director was also a BP ang moh, is Hay better than Timothy.
just wonder why the company buy in share 1100 lots shares around $1.50 ard 20/2/11 and then after in 2 days price dropped to $1.32 just before the result, was then readily came with the checking trend on the accounts of china listed companies.
\The recent result report is darn good, why the price still not bounced back reasonably.
You have any idea?
cserchung ( Date: 04-Mar-2011 09:18) Posted:
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With Mr Alan Haywood as the Non-Executive Director of CAO(BP nominee director of CAO) watching their back, it will be ok.
Mr Haywood is currently the
Price will be trending up very soon.
bsiong ( Date: 24-Feb-2011 18:26) Posted:
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cserchung ( Date: 03-Mar-2011 15:05) Posted:
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It is time to enter......great stock.
Full yr profit at 54.7m up 21.0%yoy. Full yr operating profit was -14.1% at $18.0m, most of the profit increase coming from associate Aviation Fuel Supply co. Dividend of 2c declared translates to approx 1.5% yield.. Co expects jet fuel demand to increase steadily due to increased passenger traffic with economic growth. Currently not covered by any analyst.
China Aviation Oil (Singapore) Corporation, the largest purchaser of jet fuel in the Asia Pacific region, today announced a net profit of US$54.7 million ($70 million) for the full-year ended 31 December 2010 (FY2010), up 21% from FY2009.
The increase in net profit was mainly driven by significantly higher profit contribution from CAO’s key associated company, Shanghai Pudong International Airport Aviation Fuel Supply Company. Profit contribution from SPIA was US$35.8 million, up 71% from FY2009, mainly due to gains from higher revenue as a result of gradual increases in oil prices during the year higher refuelling volume and lower finance costs.
Total jet fuel trading volume for FY2010 was a record high of 7.17 million tonnes, up 17% from 2009. The group’s gross profit which was derived from the supply and trading of jet fuel and trading of other oil products was US$29.7 million, 3% lower than 2009. This was mainly due to less favourable conditions in the oil trading market and higher procurement and storage costs which resulted in lower gains from trading activities.
The Board of Directors has proposed a tax-exempt final dividend of $0.02 per share.
lorong8 ( Date: 13-Jan-2011 05:46) Posted:
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ya buy aviation oil
Today is a Good Day to Buy ChinaAOil.
Business: Jet Fuel Procurement, International Oil Trading and Oil-related investment; in ASEAN countries, Far East and America.
Now Trading at $1.56.
1. In an Uptrend Channel with potential High of $1.80.
2. Just Bounded Off its support Level at $1.52.
3. Price still below 30MA and 50MA.
4. MACD is about to cross and move up.
5. Stochastic already crossed and almost midway up.
6. Company Gives Regular Dividends.
7. Revenue and Cash Flow increase QoQ, while Profit Decreases.
8. Company and Directors have been Buying up the company shares since beginning of this year.
Grade: 8.
Stop-Loss Below: $1.515.
Target Price: $1.80.
More on my Blog at Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck.
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