OOIL shows a QoQ freight rate uptick at 27.2% in 1Q24, with the load factor improving 0.9pp YoY. Given that 62.4% of the stock price is net cash, its 0.7x P/B ratio with 7.5% ROE is not expensive.
What is covered in the Full Insight:
Financial Performance Overview
Freight Rate Momentum
Load Performance
Geopolitical Risks and Industry Challenges
Valuation Insights
SUMMARY
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