TRMD - TORM plc Brought Exceptional H1 Results But There Is A Catch

• TORM brought exceptional results in H1, as prices jumped for floating storage vessels after the demand spike.
• Vessels are getting older, and there will be large investments, negatively affecting the cash flow.
• TORM is well-positioned with superior corporate governance, and outperformed peers in its key MR segment.
• Finally, looking at the Net Asset Value, TORM is a bargain.

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