TORM: Still Making Cash, A 15% Yield, And More Room To Run
TORM plc(TRMD) Seeking Alpha·2024-07-25 20:33
Dikuch Thesis TORM plc (NASDAQ:TRMD) is one of those stocks that I just have to trust the facts. Despite the significant rise in stock price since my last analysis, the facts show TRMD can generate a healthy yield, supported by increased refinery output in the Middle East and Africa. The additional refinery capacity in these areas should maintain the strong demand for tanker vessels even as new builds begin to hit the waters in growing numbers in 2025. By maintaining balance, I expect market conditions to b ...