Stock Analysis: China Aviation | Lianhe Zaobao

China Aviation Oil recommends buying, with a target price of 2.48 yuan, closing price of 1.84 yuan (+0.55%). It is expected that the net profit for the fiscal year 2025 will grow by 41.7% year-on-year, reaching 110.6 million USD, with earnings per share increasing by 41.1% year-on-year to 12.85 cents, setting a new historical high. The company plans to distribute a year-end dividend of 4.96 new Singapore dollars per share, an increase of 33.3% year-on-year. Considering the market leadership position and the rise of the middle class, it is expected that the demand for aviation fuel will grow in the long term. The fair price has been raised from 1.60 yuan to 2.48 yuan, and the rating has been upgraded to "Buy."