Tuesday, April 4, 2017

China Aviation - Break new High, still good?


Interesting Facts:
  • China Aviation Oil is the Largest jet fuel supplier in Asia-Pacific CAO is the largest physical jet fuel trader in the Asia-Pacific region and the sole supplier of imported jet fuel to the civil aviation industry of China.
  • In recent report it recorded earnings per share grew to 2.08 US cents from 1.33 US cents in the previous year. CAO has proposed a final dividend of 4.5 Singapore cents per share from 3 Singapore cents in the previous year.
  • CAO is trading on 9.2x our FY17e EPS, at a 32% discount to its closest peer World Fuel Services. 

Technically it looks good today as it breakout of the sideway consolidation that lasted for 7 month, we have been watching this counter since last year August but it is not moving. Now could be a better time to look at this stock as it cleared the resistance, I am bullish on China Aviation Oil as long as it can stay above $1.58. 

What about Stoploss?
If to put a stoploss, i will put around 1.44 to 1.48

Target Price?
The previous rally, price went from 0.66 to 1.58, if you set a target, you probably get out too early. I will be looking at more than 25% and  if the big trend is here, ride it to the end.

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