Okeanis continues on its solid path. Q2 bookings were the most interesting, seeing 46% of VLCCs covered at USD 223.9k/d and 60% of Suezmax at USD 187.3k/d. Consensus Q2 EPS is set to come up by 67%, resulting in a running P/E of 2.9x. For the full year, we are still considerably above consensus (+33%) with our USD 12.10/sh estimate. Okeanis is still a stock to own with a 20% yield this year, with upside potential to H2 rates, while consensus revisions are the clear near term catalyst. We reitera ....
