Nakilat - Attractive with Solid Revenue Backlog

Drewry Maritime Financial Research

Santosh Gupta

Maritime Sector, Equity & Credit Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Equity Bottom-Up

Qatar Gas Transport Company Ltd. (Nakilat) / Equity Bottom-Up

Qatar Gas Transport Company Ltd. (Nakilat) (QGTS QD)

Qatar Gas Transport Company Ltd. (Nakilat)

Vessel acquisitions drive strong resultsNakilat delivered strong 4Q19 results driven by vessels acquisitions in October 2019. We believe an attractive opportunity has emerged to own Nakilat stock post its recent decline. The company is well positioned to withstand the ongoing weakness in LNG shipping prospects given its solid revenue backlog.

Vessel acquisitions drive strong resultsNakilat delivered strong 4Q19 results driven by vessels acquisitions in October 2019. We believe an attractive opportunity has emerged to own Nakilat stock post its recent decline. The company is well positioned to withstand the ongoing weakness in LNG shipping prospects given its solid revenue backlog.

Qatar Gas Transport Company Ltd. (Nakilat)

Nakilat - 4Q19 Result Update