Report
Jørgen Lian
EUR 92.20 For Business Accounts Only

Himalaya Shipping (Buy, TP: NOK88.00) - Primed for superior returns

Vessel value and fuel spread tailwinds have raised our NAV to NOK110/share, amid still-strong 2024 prospects, which we believe should lead to superior equity returns given the premium-earning fleet and substantial leverage. We reiterate our BUY and have raised our target price to NOK88 (83).
Underlying
HIMALAYA SHIPPING LTD.

Provider
DnB Markets
DnB Markets

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.

 

Analysts
Jørgen Lian

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