Drewry Maritime Equity Research - Qatar Gas Transport Co. (QGTS) Upgrade to Attractive on buoyant LNG shipping prospects

Report

Santosh Gupta

Upgrade to Attractive on buoyant LNG shipping prospects

Nakilat stock price to strengthen on improving LNG shipping prospects
Nakilat share price has underperformed the DMFR LNG equity index despite the company’s robust long-term fundamentals. Its focus on
cost containment is yielding positive results as can be seen by the continuous decline in operating as well as general and administrative
expenses. Since LNG shipping spot rates are trending up with a significant number of fixtures recently, we believe Nakilat’s earnings will
also move upwards as it has two vessels trading in the spot market through a joint venture. Nakilat is expecting delivery of the remaining
two newbuilds in October-November 2021 and January-February 2022. We believe the company is well-positioned to deploy these
newbuilds on attractive rates either in the spot market or on long-term charters amid strengthening LNG prospects.

01/09/2021 8 EN

Underlying

Qatar Gas Transport Co.

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QA000A0KD6L1 Qatar Exchange Qatar

Provider

Drewry Maritime Equity Research

Drewry, since 1970, has been providing research and advisory services on the global Maritime and Shipping industries and has established itself as a firm with long history of credibility and expertise on various aspects of the maritime industry. Leveraging this in-depth market knowledge and understanding, we have extended our offering to deliver a unique, independent investment research service on globally listed companies operating in the maritime industry. Under the brand Drewry Maritime Equity Research and in accordance with the FCA, DMER led by Rahul Kapoor and his team, offers fundamental analysis on listed companies. DMER analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. By combining these market-leading resources with seasoned sector expertise and commercial awareness, we are able to offer a highly differentiated and comprehensive investment research service to prospective investors in listed maritime companies. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

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Analysts

Santosh Gupta

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