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China Avation Oil to hit above $1.60?
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Alignment
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28-Sep-2023 11:29
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Air travel data is provided by the CAAC (http://www.caac.gov.cn/INDEX/). Yoi need to dig into the numbers provided to see for yourself. An English langauge artilce covering this is https://www.globaltimes.cn/page/202308/1296322.shtml There is simlar data for things like Beijing metro usage etc that tells the same story. The recovery is uneven e.g. much more domestic focused rather than international travel, and also favouring local brands e.g. Li Ning not Nike and BYD not Volkswagen, so international media does not get the nuances. .
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cloudy.mountain
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28-Sep-2023 01:17
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bro can share the source? everywhere i read the economy in China is in shambles
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RedAnt
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27-Sep-2023 17:40
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Hope the Asian Game can help to increase the tourist. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Alignment
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27-Sep-2023 17:14
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Actually travel within china is now at an all time high - higher than pre-covid. I don' t think when most English language media commentators comment on the Chinese economy nowadays they actually look at the numbers. They just write a story to feed their narrative. |
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cloudy.mountain
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26-Sep-2023 23:28
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now China economy so bad i don' t think travelling out of China and within China is gonna recover to pre-covid dydd |
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Secret_Squirrel
Master |
26-Sep-2023 09:28
Yells: "buy share cannot keep keep long will LPPL ,back to square on" |
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Investors in China scramble to sell overseas properties amid shaky economic conditions. https://www.channelnewsasia.com/asia/chinese-investors-china-scramble-sell-overseas-properties-shaky-economic-conditions-3794676#:~:text=%E2%80%9CSince%20the%20pandemic%2C%20their%20income,their%20liquidity%20and%20geopolitical%20situation.%E2%80%9D | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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FrancisLim
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26-Sep-2023 09:07
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When Thailand reopened post Covids, you had Minister welcoming China visitors with garlands at the airport arrival. This apparently failed to bring in more visitors. Now, Thailand announced visa free for China nationals visiting Thailand. Saw a photo and the report the new PM welcoming 300 China tourists at the airport. Better suggestion is to offer free foot reflexology coupons and welcoming cool lemongrass or fresh coconut drink at the airport This is more welcoming than seeing VIPs at the ariport. |
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Secret_Squirrel
Master |
19-Sep-2023 15:51
Yells: "buy share cannot keep keep long will LPPL ,back to square on" |
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Are they buying cheap Russia oil?
If yes, then will have better profit margin.
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LowLow12
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19-Sep-2023 11:46
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Must call Chen Jiu Lin to find out if can buy or not | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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ozone2002
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19-Sep-2023 11:40
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Reason for the run up yesterday KGI Research China Aviation Oil (CAO SP) - Long &ndash Entry 0.900, Target 0.960, Stop 0.870 Shares closed higher above the 20dEMA with a surge in volume. 5dEMA is about to cross the 20dEMA. MACD just turned positive, RSI is constructive.  |
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Maxgrow68
Elite |
18-Sep-2023 10:01
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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Vol need to pick up. Now v low 381k only
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ozone2002
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18-Sep-2023 09:50
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0.905  +0.02CAO biz only value at 6c irresistible value
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ozone2002
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09-Sep-2023 11:10
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trading at cash at hand value of 84c, means aviation biz is free!
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| EPS (SGD) a | 0.05242 | Trailing EPS (SGD) b | 0.05171 | NAV (SGD) c | 1.4263 |
|---|---|---|---|---|---|
| PE a | 16.978 | Trailing PE d | 17.211 | Price / NAV c | 0.6240 |
| Dividend Yield (%) e | 1.798 | Cash In Hand (SGD) f | 0.8422 | Issued & Paid-up Shares g | 860,184,000 |
| Piotroski F Score | 6 | Market Cap (M) | 765.564 | Free Float (%) | 27.2 |
| Return on Equity (ROE) (%) h | 3.625 | Revenue Growth (%) TTM i | -29.383 | ||
| Net Earnings Growth (%) j | -9.691 | Net Debt/Equity k | Net Cash | Net Debt (SGD ' 000) | 205,395 |
| Under CPF Investment Scheme (CPFIS) | Yes | ||||
| Sector & Industry | Other Service Activities - Wholesale Distributors | ||||
| Category Classification | China / Oil & Gas | ||||
| Index Components | FSTCT / FTSE ST All-Share Energy Index / FTSE ST All-Share Index / FTSE ST China Index / FTSE ST Small Cap Index |
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China' s travel rebound risks super-charging jet fuel prices
After years of pent-up demand for leisure and business travel due to the ravages of Covid-19, millions of Chinese are taking to the skies again as the nation leads an aviation boom across Asia.
China&rsquo s return is thought to be the final missing piece in the global air travel recovery. Domestic travel has led the rebound in Asia&rsquo s top aviation market, and now international travel is set to take off after the lifting of a ban on group tours to popular destinations.
Yet the resurgence comes with a drawback: It&rsquo s likely to lift jet fuel consumption amid tight supplies, potentially super-charging prices.
In recent months, the availability of aviation fuel has slipped, with stockpiles at hubs such as Singapore and Amsterdam-Rotterdam-Antwerp below seasonal averages. That&rsquo s due to a series of unplanned refinery outages, as well as increased diesel production at the expense of jet fuel.
While aviation fuel prices are nowhere near the highs of last year, they&rsquo ve jumped about 30% this month compared with the start of July, trading above US$116 a barrel in Singapore, according to Bloomberg Fair Value data.
Aviation' s Recovery Gains Pace on China' s Easing | Global jet fuel demand to climb to 2019 levels in 2024
Higher jet fuel prices may weigh on airlines currently enjoying bumper profits, while travelers could see higher fares if companies pass along those steeper costs.
Global oil prices have risen more than 15% in the past two months, due to OPEC+ output curbs as well as higher run rates by refiners looking to cash in on good fuel-making profits. Banks such as UBS AG have adjusted their oil price forecasts upward, citing a market deficit.
A big question mark for the outlook on oil and the global economy has been China&rsquo s uneven recovery. While overall growth in the nation has been weaker than expected, various data on flight bookings are an encouraging sign.
On the domestic side, China weekly flights surged 13% above pre-Covid levels in the week ending Aug. 20, according to travel platform Flight Master.
International travel is also picking up. Bookings for overseas group tours during the National Day Holiday in October more than tripled from a month ago as of Aug. 17 &mdash a week after China eased restrictions &mdash according to a statement by online travel agency Trip.com Group. Searches for overseas flights as of early August already surpassed the same time period in 2019, according to a separate statement. Flights between the US and China are set to double from current levels by the end of October.
A full recovery for Chinese international tourism won&rsquo t come overnight. After four years of harsh Covid restrictions, those looking to travel are facing high costs amid a weakening yuan, the sluggish economy and difficulty in getting travel documents such as visas.
Fuel Demand
Also, the increase in demand comes as fuel supplies are stretched, leaving markets more vulnerable to diesel and jet fuel price shocks.
China&rsquo s jet fuel demand is poised to accelerate from August, and could return to pre-Covid levels by the fourth quarter, Energy Aspects said in a note. On a global level, while demand is set to rise by an average of 200,000 barrels a day in the latter half of the year from the first six months, a return to pre-pandemic levels will only take place as soon as mid-2024, said Mukesh Sahdev, head of oil trading/downstream solution at Rystad Energy.
Oil markets are pricing in a scarcity for so-called middle-distillate fuels such as diesel and jet fuel. Inventories at key oil hubs have been thinned by a global refinery system that has been pressured by outages and capacity shutdowns in recent years.
More refinery maintenance work lies ahead in North America and Europe during September and October, meaning these fuel supplies could shrink further, said Rystad&rsquo s Sahdev.
&ldquo Right now the supply risk for oil products is strong,&rdquo he said. Jet fuel prices could peak in September, putting pressure on recovering airlines, he added.
Rising fuel bills may prompt airlines to pass on some of their costs to customers by lifting or introducing fuel surcharges, said Tim Bacchus, senior aviation analyst at Bloomberg Intelligence. This could also crimp demand for travel, especially in Asia, where consumers are already paying for more expensive tickets, he said.
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Secret_Squirrel ( Date: 24-Aug-2023 11:12) Posted:
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Yells: "buy share cannot keep keep long will LPPL ,back to square on"
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FrancisLim ( Date: 24-Aug-2023 10:03) Posted:
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Yells: "buy share cannot keep keep long will LPPL ,back to square on"
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PhillipTan ( Date: 20-Aug-2023 12:08) Posted:
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