Danske Bank: Significant potential in Hafnia Tankers

Danske Bank Markets points to Hafnia Tankers as the most attractive share among four product tanker carriers that the major bank rates 'buy' and starts covering now.

Danske Bank Markets launches coverage of four new product tanker carriers, and now points to Danish-based and private equity fund-backed Hafnia Tankers, established in 2010 by several former Torm executives, as the most attractive share and a company in a strong position to benefit from an anticipated rebound in the market for transporting refined oil products.

Hafnia Tankers has been listed on the Oslo OTC since November 2013. The bank rates the share 'buy' at a price of USD 12 over the next 12 months, compared to the current price of USD 7.1 per share, which corresponds to a potential upside of 69 percent.

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