Latest Breaking News On - ஆண்டு செயல்திறன் ரேஶியோ - Page 1 : comparemela.com

Odfjell: Weaker results when Texas froze over Odfjell’s somewhat weaker than usual figures for 1Q21 came as no surprise. In addition to be a seasonally weak period, this quarter was also negatively impacted by extraordinary weather conditions. However, this was expected by us and our estimates were in line with the results. 2Q21 is guided to be stronger, while the long-term positive supply/demand balance expectations bear no changes, therefore, our Buy recommendation for the share is reiterated under little changes to estimates and NOK 40/sh Target Price. Seasonal weaker quarter, but in line with our expectations Nothing surprising came from Odfjell’s 1Q21 report yesterday. The winter was unusually cold in Florida but at least we know the impact is bearable “when Texas freezes over”. Seasonal weakness, weather conditions and a challenging CPP market were the main reasons for somewhat weaker than usual figures, however, the main metrics were in line with our expectations. P

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