Professional
Added to YB: 2024-09-09
Pitch date: 2024-06-30
TRMD [bullish]
TORM plc
+37.22%
current return
Author Info
No bio for this author
Company Info
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom and internationally.
Market Cap
DKK 3.9B
Pitch Price
DKK 28.20
Price Target
N/A
Dividend
5.51%
EV/EBITDA
5.06
P/E
6.26
EV/Sales
2.63
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Platinum European Fund Portfolio Holding: TORM plc
TRMD: Tanker company benefiting from industry changes: Ukraine war sanctions, refinery shifts, IMO regulations. Longer trade routes, increased demand, fleet efficiency mandates tighten capacity. Post-2015 restructuring, prudent management. Strong performance (+100% 1yr) amid favorable supply/demand. Hesitant newbuild orders support continued strength.
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