Hafnia (One-pager): FY2024 forecast to surpass record 2023 according to analysts
Read the latest Hafnia One-pager update following the Q1 2024 results. The One-pager includes a brief description of Hafnia, an update to the product tanker market, latest financials, valuation perspectives relative to a peer group, and outlines several key investment risks and key investment reasons.
In Q1 2024, Hafnia continued experiencing strong product tanker markets as fundamentals remain attractive, driven by growing oil supply and demand forecasts, increasing ton-miles as Eastern refineries service more Western customers, high utilisation, low on-land inventories, and an orderbook that remains low on net. Hafnia continued returning significant value to shareholders paying a dividend of USD 0.3443 per share, with consensus analyst estimates forecasting a dividend yield FY 2024 of 14.1%. Ongoing strong market conditions and a low LTV (loan-to-value) can continue supporting shareholder returns.
To learn more about Hafnia and its outlook for the remainder of 2024 and beyond, catch up on the latest Q1 2024 earnings presentation with Hafnia CEO Mikael Skov
Link: https://www.inderes.dk/videos/hafnia-presentation-of-q1-interim-report-2024
Disclaimer: HC Andersen Capital receives payment from Hafnia for a DigitalIR/corporate visibility subscription agreement./ Philip Coombes 08:30 23.05.2024
Hafnia är verksamma inom sjöfart. Bolaget erbjuder idag ett brett utbud av transportjänster, huvudsakligen inriktat mot transportering av diverse industriella råvaror. Flottan består av ett flertal större fartyg och verksamhet innehas på global nivå, med störst närvaro inom den europeiska - samt asiatiska marknaden. Kunderna är små- och medelstora industriella företag. Hafnias huvudkontor ligger i Singapore.
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