Opinions
The Panic-Proof Portfolio (Stockchase Research)
BW LPG Limited
BWLP-N
PAST TOP PICK
Oct 31, 2024
$12.840
Stock price when the opinion was issued
oil
gas
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
BWLP is the world's largest shipper of propane and other LPG, based out of Singapore. Management reports charter rates are expected to be on the rise in the months ahead after facing challenges this summer. It trades at 7x earnings, 1.3x book and supports a 33% ROE. The company targets paying out a high percentage of free cash flow as a dividend. We recommend setting a stop-loss at $13, looking to achieve $19 -- upside potential of 18%. Yield 15%
oil
gas
Our PAST TOP PICK with BWLP has triggered its stop at $13. To remain disciplined, we recommend covering the position at this time.