reports
- Nicolay Dyvik
Winter season could disappoint
Cash breakeven rates of USD17.3k/day for H2 and USD19.4k/day for 2018e alongside moderate leverage leave DHT Holdings well prepared for a challenging tanker market even after the recent fleet expansion, in our view. We reiterate our HOLD recommendation but have cut our target price to USD4.25 (USD4.7).
DHT Holdings (DHT US) - Deep Discount to NAV Triggers Buyback Programm...
1Q16 booking of VLCCs provides clear visibility Leopard and Lion join the fleet 4Q15 another great quarter for DHT; earnings in line with our estimates Greater dividend – a way to reward stakeholders Revisiting the capital allocation policy to include share buyback Tanker shipping to benefit from current oil market dynamics Crude trade to remain firm, but freight rates could weaken
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