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Great Eastern Shipping (GESC.BO)
Research Tactical Idea
We believe the share price will rise in absolute terms over the next 30 days.
This is because the stock has traded off recently, making short term valuation much more compelling. We believe that
GESCO is better placed relative to its peers from an earnings perspective, notwithstanding challenging rate environment
given its diversified fleet profile including higher exposure to product tankers and increasing exposure to offshore.
We estimate that there is about an 80%+ or "highly likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: In-Line
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