FRO Frontline Ltd.

FRO – Q3 2024 Presentation

FRO – Q3 2024 Presentation

Please find enclosed the presentation of Frontline plc´s third quarter 2024 results to be held on the webcast / conference call 27 November, 2024 at 15:00 CET.

This information is subject to the disclosure requirements pursuant to section 5 – 12 of the Norwegian Securities Trading Act

Attachment



EN
27/11/2024

Underlying

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Reports on Frontline Ltd.

Jørgen Lian
  • Jørgen Lian

Frontline (Buy, TP: NOK305.00) - Sun breaking through the mist

We see strong fundamentals in the tanker space, particularly for VLCCs, driven by limited deliveries and an ageing fleet. Meanwhile, factors such as sanctions and disruption to Iranian oil flows could potentially further benefit compliant shipowners. We believe this leaves Frontline’s modern fleet in a strong position, and if a bull-market were to materialise, we see significant upside potential to our 14–21% dividend yields for 2025–2026e. We reiterate our BUY, but have cut our target price to ...

 PRESS RELEASE

FRO – 2024 Annual General Meeting

FRO – 2024 Annual General Meeting Frontline plc (the “Company”) advises that the 2024 Annual General Meeting of the Shareholders of the Company was held on 12 December 2024 at 09:00 a.m. at Metis Tower, 28th October Avenue and Iakovou Tombazi Street, 4th floor, 3107 Limassol, Cyprus. The audited consolidated financial statements for the Company for the year ended 31 December 2023 were presented to the Meeting. In addition, the following resolutions were passed: To re-elect John Fredriksen as a Director of the Company.To re-elect James O’Shaughnessy as a Director of the Company.To re-elect...

Jørgen Lian
  • Jørgen Lian

Frontline (Buy, TP: NOK310.00) - Tempered for now, but eager to go

Scepticism among investors and recent news of possible OPEC+ output delays and Middle East de-escalation seem to be at the heart of the reaction to Frontline’s Q3 report. However, we continue to see signs of a market at a tipping point, with potential triggers to reignite belief in the tanker story. At an historical discount to NAV, we believe too much negativity is priced in. We reiterate our BUY, but have cut our target price to NOK310 (340).

 PRESS RELEASE

FRO – Q3 2024 Presentation

FRO – Q3 2024 Presentation Please find enclosed the presentation of Frontline plc´s third quarter 2024 results to be held on the webcast / conference call 27 November, 2024 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 – 12 of the Norwegian Securities Trading Act Attachment

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