Report
Nicolay Dyvik

Unit distribution set to increase

We reiterate our BUY recommendation and have raised our target price to USD23.1 (22.6) after the accretive transaction with a higher equity stake in the FSRU JVs. We see a potential dropdown of 49% of FSRU Grace in H2 and greater unit distribution post the upped JV stake.
Underlying
Hoegh LNG Partners LP

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
Nicolay Dyvik

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