• TickerGLOG
  • ISINBMG375851091
  • ExchangeNew York Stock Exchange
  • SectorIndustrial Transportation
  • CountryBermuda

Analysts

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

Nicolay Dyvik

Potential impact of Paris Accord

We analysed the potential impact by 2040 on shipping of the IEA’s three energy mix scenarios, with 5-year intervals. If contracting stays low (2019 YTD), we see the global order book falling 35% by 2020 from already 15-year lows, but if ordering picks up, asset lifecycles will being cut by 25% to meet the Paris Agreement goals.

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

Mats Bye ...
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Mats Bye

GasLog (Buy, TP: USD18.00) - Value in a challenging market

We expect a seasonal uptick into H2e, but believe that slowing import growth to Asia could see LNG prices be lower for longer, which could moderate the market upturn. In this light, we find the recent charters positive, given that they increase utilisation and retain some exposure to the spot market. We reiterate our BUY recommendation, but have lowered our target price to USD18 (19) post the Q2 results.

Nicolay Dyvik

Potential impact of Paris Accord

We analysed the potential impact by 2040 on shipping of the IEA’s three energy mix scenarios, with 5-year intervals. If contracting stays low (2019 YTD), we see the global order book falling 35% by 2020 from already 15-year lows, but if ordering picks up, asset lifecycles will being cut by 25% to meet the Paris Agreement goals.

Mats Bye

GasLog (Buy, TP: USD18.00) - Value in a challenging market

We expect a seasonal uptick into H2e, but believe that slowing import growth to Asia could see LNG prices be lower for longer, which could moderate the market upturn. In this light, we find the recent charters positive, given that they increase utilisation and retain some exposure to the spot market. We reiterate our BUY recommendation, but have lowered our target price to USD18 (19) post the Q2 results.

Nicolay Dyvik

2020 installations up 50%

The latest data from DNV GL indicates an interest to book scrubbers for installation also beyond 2019, as June additions added 50% to 2020 installations and brought the end-2020 total to above 3,500 units. Orders are closing in on our estimates for tankers and dry bulk, but the uptake in containers since our November forecasts has been more than twice our expectations, leading to 23% of HFO demand currently being covered after IMO 2020.

India/China near full regas capacity

We have cut our LNG rates as two out of the top three importers are set to reach full regas utilisation, resulting in lower tonne-mile and low gas prices. We forecast rates to double by Q4 2019, and utilisation to peak in 2020 ahead of a decline in utilisation until 2022.

Nicolay Dyvik

No agreement in sight

After positive signals since February, last week was a big step back for those who believed US–China trade relations were improving. Tariffs remain at 25% for LPG, were lifted to 25% for LNG, and remain at zero for crude. We estimate a -1.8% tonne-mile impact for LPG and -0.4% for LNG and crude; we see limited downside, and significant upside should an agreement be reached.

Mats Bye ...
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Martin Arnell ...
  • Mats Bye
  • Ole-Andreas Krohn

Northern Lights

Joachim Gunell ...
  • Mats Bye
  • Ole-Andreas Krohn
  • Patrik Ling
  • Stefan Gauffin

Northern Lights

Alexander Aukner ...
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Mats Bye
  • Nicolai Farstad Olsen
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

ValuEngine Rating and Forecast Report for GLOG

GASLOG LTD. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of GASLOG LTD. (US), a company active in the Marine Transportation industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 12, 2019, the closing price was USD 14.90 and its potential was estimated at USD 16.87.

MarketLine Department

GasLog Partners LP - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's GasLog Partners LP Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by GasLog Partners LP since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. K...

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