Dorian LPG (Buy, TP: USD17.00) - Accretive fleet renewal
We have revised our 2022e EPS by +5% and 2023e by -2% on the fiscal Q2 results, and we reiterate our BUY and USD17 target price following a change of analyst. We believe the company continues to move in the right direction on capital allocation and fleet renewal.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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