Bohai Ferry Group's low ROE and declining net income raise concerns. Despite retaining profits, the low ROE suggests investors may not benefit from reinvestment. Earnings shrinkage despite a normal payout ratio is puzzling, indicating other growth-hampering factors. Proceed with caution due to these mixed signals.
Core point： 1. The International Energy Agency forecasts that U.S. oil production will increase by another 950 Kb/d by 2023 while domestic oil demand remains virtually unchanged. 2. We expect more crude oil exports from the U.S. Gulf in 2023 but fewer incremental barrels from Europe. 3. As a result, we expect VLCCs to be less competitive in transatlantic trade, with Suezmax and Aframax regaining market ...
Bohai Ferry Groupに関するコメント
1. The International Energy Agency forecasts that U.S. oil production will increase by another 950 Kb/d by 2023 while domestic oil demand remains virtually unchanged.
2. We expect more crude oil exports from the U.S. Gulf in 2023 but fewer incremental barrels from Europe.
3. As a result, we expect VLCCs to be less competitive in transatlantic trade, with Suezmax and Aframax regaining market ...
まだコメントはありません