Research Center
Quay lại

PVT [BUY +35.5%] - Nghi Son ramp-up bodes well for oil transportation - Update

We keep our target price relatively unchanged and maintain a BUY rating. Stellar H1 results and Nghi Son refinery (NSR) raising its utilization affirm our optimism on PVT’s outlook. We maintain a recurring 2018 EPS growth forecast of 14.7%, driven by increasing utilization rates for crude tankers and a higher day rate for floating oil storage (FSO) Dai Hung Queen.