The BW LPG stock has been upgraded to buy from hold by Fearnley Securities following its first-quarter report on Thursday.

The VLGC owner’s net profit increased to $149.8m, from $130.7m a year ago, as revenue edged above $1bn, compared to $893m in 2023.

BW LPG revenue tops $1bn as it books ‘impressive’ results
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Fearnley Securities analyst Fredrik Dybwad sees the “strong performance to continue”.