BW LPG LTD

  • TickerA1W81N
  • ISINBMG173841013
  • ExchangeOslo Bors
  • SectorIndustrial Transportation
  • CountryBermuda

Analysts

BW LPG with less fundamental stars is reduced to Neutral

BW LPG (NO), a company active in the Marine Transportation industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date February 4, 2020, the closing price was NOK 66.55 and its expected value was estimated at NOK 74.77.

Nicolay Dyvik

Shipping LPG Sector (DNB Markets) - Upcycle could last until 2022e

We reiterate our BUYs for the VLGC owners, as believe the upcycle could last until 2022e. We forecast a 2020 VLGC rate of USD50k/day (USD38k/day), and believe this could overshoot USD100k/day in the summer as demand fundamentals in Asia still look promising.

Nicolay Dyvik

SHIPPING: Phase 1 could increase tanker demand by more than 2%

In its Phase 1 trade document, China pledges to increase US exports of energy products by a total amount of USD18.5bn in 2020, then USD33.9bn, reaching USD52.4bn by 2021. Energy is defined as LNG, crude oil, refined products (including LPG) and coal. The value of US exports of crude, LNG and LPG in 2017 was USD6.7bn, of which two-thirds was crude. Assuming crude will account for 50% of the increment, US exports to China by 2021 could rise to 1.3mbpd. The pure substitution effect should see additional demand for ~30 VLCCs, or more than a 2% increase in crude tankers demand. Similar effects shou...

Nicolay Dyvik

Shipping Summary (DNB Markets) - Decarbonisation could extend cycle (49 pages)

Wallenius Wilhelmsen, Stolt-Nielsen and Flex LNG are our top picks for 2020, as our LPG and Tankers stocks have upside potential of only 4–7%. For further upside potential there, you need to discount a cycle extension.

Nicolay Dyvik

SHIPPING: Impact of phase one trade deal

In a 23 August update, we pointed out that the US-China trade war had hurt crude, LNG and LPG, and that a further escalation was likely. While the full extent is yet to be known, the “phase one” deal would positively impact dry bulk trade, and could see positive effects for container trade. Energy-related products would be positively affected if part of the USD200bn of purchases from the US that China has pledged to make, and is likely to be rewarded in further phases.

Nicolay Dyvik

Shipping LPG Sector (DNB Markets) - Upcycle could last until 2022e

We reiterate our BUYs for the VLGC owners, as believe the upcycle could last until 2022e. We forecast a 2020 VLGC rate of USD50k/day (USD38k/day), and believe this could overshoot USD100k/day in the summer as demand fundamentals in Asia still look promising.

Nicolay Dyvik

SHIPPING: Phase 1 could increase tanker demand by more than 2%

In its Phase 1 trade document, China pledges to increase US exports of energy products by a total amount of USD18.5bn in 2020, then USD33.9bn, reaching USD52.4bn by 2021. Energy is defined as LNG, crude oil, refined products (including LPG) and coal. The value of US exports of crude, LNG and LPG in 2017 was USD6.7bn, of which two-thirds was crude. Assuming crude will account for 50% of the increment, US exports to China by 2021 could rise to 1.3mbpd. The pure substitution effect should see additional demand for ~30 VLCCs, or more than a 2% increase in crude tankers demand. Similar effects shou...

Nicolay Dyvik

Shipping Summary (DNB Markets) - Decarbonisation could extend cycle (49 pages)

Wallenius Wilhelmsen, Stolt-Nielsen and Flex LNG are our top picks for 2020, as our LPG and Tankers stocks have upside potential of only 4–7%. For further upside potential there, you need to discount a cycle extension.

Nicolay Dyvik

SHIPPING: Impact of phase one trade deal

In a 23 August update, we pointed out that the US-China trade war had hurt crude, LNG and LPG, and that a further escalation was likely. While the full extent is yet to be known, the “phase one” deal would positively impact dry bulk trade, and could see positive effects for container trade. Energy-related products would be positively affected if part of the USD200bn of purchases from the US that China has pledged to make, and is likely to be rewarded in further phases.

Laurits Kjærgaard ...
  • Lukas Daul
  • Tobias Kaj

Talking Points - Seadrill Ltd. (Hold): Change of chairs

Starting discussions with creditors Down to HOLD, TP NOK 10 (150)

1 director sold

A director at BW LPG Ltd sold 650,000 shares at 53.793NOK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Eivind Sars Veddeng ...
  • Martin Arnell
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Eivind Sars Veddeng ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Alexander Aukner ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Paul Harper
  • Simen Mortensen

Northern Lights

Joachim Gunell ...
  • Niclas Gehin
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

BW LPG with less fundamental stars is reduced to Neutral

BW LPG (NO), a company active in the Marine Transportation industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date February 4, 2020, the closing price was NOK 66.55 and its expected value was estimated at NOK 74.77.

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Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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