DHT Holdings

  • TickerDHT
  • ISINMHY2065G1219
  • ExchangeNew York Stock Exchange
  • SectorIndustrial Transportation
  • CountryMarshall Islands
Dennis Anghelopoulos ...
  • Lukas Daul

Sector Fast Comment - Shipping scrutinised

A UK court case to watch Compliant recycling means higher costs and lower values Bearing consequences for both owners and creditors

Nicolay Dyvik

50% NIBD reduction in two years

We have upgraded our crude tanker stocks to BUY (HOLD) as the global crude inventory build looks to be only 25% of what we feared in April, and the recovery in oil demand and oil prices offers upside potential when OPEC+ volumes rebound. The tanker peer group implies a VLCC resale value of USD84m, near the low.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Bullish Outlook Intact Amid rising Middle East tensions, investors have moved to safe-havens including Treasuries and gold, all while having a muted effect on the US equity market. At this point in time, the rising tensions have done virtually no damage to the bullish trends and indicators that continue to dominate the market. We remain bullish. • 10-Year Treasury. The 10-year yield has fallen to logical support at the uptrend or 1.75%, a level we expect to hold. A breakdown would raise concerns of a deeper pullback for US equities... see chart below. • Gold Testing Key Resistance. Gold pri...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Market remains in purgatory Purgatory is a reference we have used to describe the state of the market numerous times throughout 2019, and we believe this remains the case. Technical signals continue to suggest that while there are little-to-no signs for us to expect impending doom (economic data notwithstanding), there is also little to suggest an imminent broad market rally. Until these signals begin leading us one way or the other, our neutral outlook remains appropriate. • Small-caps, Transports, Banks. Small-caps underperforming large-caps remains on our list of concerns as it has for mo...

Dennis Anghelopoulos ...
  • Lukas Daul

Sector Fast Comment - Shipping scrutinised

A UK court case to watch Compliant recycling means higher costs and lower values Bearing consequences for both owners and creditors

Nicolay Dyvik

50% NIBD reduction in two years

We have upgraded our crude tanker stocks to BUY (HOLD) as the global crude inventory build looks to be only 25% of what we feared in April, and the recovery in oil demand and oil prices offers upside potential when OPEC+ volumes rebound. The tanker peer group implies a VLCC resale value of USD84m, near the low.

Dennis Anghelopoulos ...
  • Lukas Daul

Sector Fast Comment - Crude tankers: Euronav Q1’20 results

Q1’20 VLCC spot rates at USD 73kpd Q2’20 VLCC bookings at ~USD 95kpd Q1’20 dividend at USD 0.81 per share

Nicolay Dyvik

DHT Holdings (Hold, TP: USD7.10) - H1e dividends 14% of market cap

We reiterate our HOLD and USD7.1 target price, and expect the sector hangover to kick in soon, resulting in lower asset values and rates.

Nicolay Dyvik

Crude tankers (DNB Markets) - Hangover could start soon

We reiterate our HOLDs on our crude stocks. Our peer group is up 10% in the past 40 days (S&P 500 up 8%, OSEBX up 13%), while VLCCs average USD180k/day. We expect weakness as the hangover could start soon on floating storage and oil market contango collapse.

Håkon Astrup ...
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mats Bye
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Alexander Aukner ...
  • Joachim Gunell
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Antti Kansanen
  • Håkon Astrup
  • Helge André Martinsen
  • Jon Masdal
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Paul Harper
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Håkon Astrup
  • Jesper Ingildsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

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