ABGSC Shipping Daily 16 June

ABGSC Shipping Daily 10 June

Net rate for May implies 18% upside to Q2'25e

ABGSC Shipping Daily 2 June

ABGSC Shipping Daily 26 May

Odfjell SE: 1 director

A director at Odfjell SE bought 750,516 shares at 103.000NOK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

ABGSC Shipping Daily 19 May

Strong collection set to continue

Solid secured and unsecured collection

Over-collection in both unsecured (109%) and secured (~200%); Cash EBITDA of NOK 975m, +2% vs ABG and +1% vs cons; Stock flat to just up; Cons est rev. minor (ERC neg vs collection pos)

ABGSC Shipping Daily 12 May

Net rate for April implies 9% upside to Q2'25e

Odfjell SE (Buy, TP: NOK170.00) - Gear up for renewed momentum

We believe the low 3% swing tonnage and solid tanker outlook on increased OPEC+ volumes, an ageing fleet, and modest supply growth, along with higher chemical volumes, point to a strong chemical tanker outlook. We estimate a 2025 earnings yield of 26% and find Odfjell attractive at an average 2025–2026e P/E of 3.5x (tanker peers: 5.8x). We reiterate our BUY, but have cut our target price to NOK170 (180), mainly due to FX effects.

Nobia AB: 1 director

A director at Nobia AB bought 83,000 shares at 3.250SEK and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...

ABGSC Shipping Daily 5 May

Sustainable high dividends and investments

ABGSC Shipping Daily 28 April

Höegh Autoliners ASA (Buy, TP: NOK90.00) - Solidity of distributions i...

The markets reacted positively to the Q1 dividend, and we believe most of the current market cap will be distributed over our forecast period. This should offset the long-term structural risks to the sector, as its backlog should fend off any dramatic decline to cash flows. We find the risk/reward still attractive, with potential for re-rating on favourable news flow from a weighty sentiment. Hence, we reiterate our BUY and NOK90 target price.

DPS of ~NOK 70/sh by YE’27e

Norion Bank (Buy, TP: SEK49.00) - Signs of recovery in past-due loans

Past-due real-estate loans have started to come down, with Q1 profit boosted by the recognition of accrued interest revenues. We expect this to trend to continue over time, and see continued upside potential from this, along with our forecast 15–20% average annual total yield. We reiterate our BUY and target price of SEK49.

Better than feared