GasLog (GLOG) reported earnings on Thur 1 Nov 2018 (b/o)

** charts after earnings **

 

GasLog beats by $0.10, beats on revs

Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of $0.09; revenues rose 20.7% year/year to $158.4 mln vs the $153.59 mln S&P Capital IQ Consensus.

LNG demand growth was strong and broad-based during the first nine months of 2018, growing 7% over the same period of 2017, according to data from Poten. LNG demand growth was led by China which grew approximately 42% year-over-year or nearly 11 million tonnes per annum as the country continued to grow its natural gas usage as a percentage of its total energy consumption.

"Looking ahead, in our view, strong LNG demand, new sources of supply coming onstream and limited availability of shipping capacity over the near-term are combining to create the potential for the recent strength in LNG shipping spot rates to be sustained through at least early 2019.While we may see a seasonal moderation in spot rates during the first half of 2019, we do not expect this to be as pronounced as was the case in early 2018."

Long trade : GLOG +20% (12/17)

• One month later:

Great trade : GLOG +15% (10/16)