Professional
Added to YB: 2024-08-02
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
turnaround
Platinium Asset Management Portfolio Holding: TORM plc
TRMD: Top tanker co. +100% return last yr. Benefiting from supply/demand imbalance: Ukraine war sanctions, longer trade routes, refinery shifts, IMO regs. Strong governance, efficient ops, young fleet. Prudent post-2015 restructure. Industry cautious on newbuilds. Spot rates favored over low-term contracts. Multiple tailwinds for continued growth.
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