Chesterbrook, PA -- (SBWIRE) -- 01/23/2014 -- Laureate BVI issues a buy recommendation on Saudi’s SABIC with a 12 month target price of SR127.50.
According to CEO Peter Tasca, “We have revised petrochemical demand and price estimates higher for 2014, this is due to emerging economies such as China’s and India’s need for oil imports.”
“There are also signs of stabilization in housing, auto and industrial production in the U.S. and Europe and this will build a strong base for petrochemicals,” said Tasca.
Laureate believes SABIC will increase the dividend because of the higher than expected dividends from Yansab and SAFCO.
China imports are expected to increase significantly. China will spend about $500 billion on crude imports by 2020.
India imports almost 80% of their crude oil from the Middle East. Growth in population will increase energy demand thus SABIC’s fundamentals will remain intact.
Laureate has also placed a Buy on Nordic American Tankers Limited (NAT) Frontline Ltd. (FRO) and Teekay Corp.(TK).
“The oil shipping industry plays a vital role in the integrated oil business. Some of the world’s largest importers are Japan, China, India, United States, and Europe with two out of three barrels of oil being transported by sea. We calculate oil consumption to increase for 2014 and 2015 globally. In September China surpassed the U.S. as the world’s biggest net oil importer” according to Tasca.
Laureate BVI Fund’s year-end return for 2013 now stands at 23% net of profits. The fund is ranked in the upper 10% of the top performing global funds, according to Bloomberg data.
Wall Street sat up and took notice when Laureate BVI launched a retail fund with a €2,500 minimum investment. CEO Peter Tasca says, “We’ve had huge demand for our retail fund. We’ve spoken to investors that have lost anywhere from €30,000 to €30,000,000 over the last few years and want a fund that can profit in any market environment.”
In 2013 Laureate issued a Buy recommendation on Facebook (FB) when the stock was at $27.43 per share. Laureate has reiterated it’s Buy rating on Facebook (FB) with a return of 110% for their clients.
About Laureate Trust
Laureate Trust provides expert portfolio management that achieves optimal results. The proven trading strategies are based on four principles: diversification, technical analysis, trend following and risk management, which combined have the potential to profit from any economic situation. This disciplined approach with our replicated trading strategies have a 10-year average of +31.6% per year. In 2013 this multiple platform strategy returned +23% net of all fees.
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Keywords: Laureate Trust, SABIC, Saudi, Crude OIL, Shipping FB, NAT, FRO, TK
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