Hafnia Limited

Hafnia Limited (NYSE: HAFN) is a tanker company. The principal activity of the Company is investment holding. The Company’s segments include Long Range II (LR2), Long Range I (LR1), Medium Range (MR), Handy, and Specialised. The LR2 segment consists of vessels between 85,000 deadweight tons (DWT) and 124,999 DWT in size and provides transportation of clean petroleum oil products. 

As per our previous US Dividend Income Report published on ‘HAFN’ on March 11, 2026, we provided a ‘Buy’ stance on the stock at USD 7.55 based on “price action, fundamental analysis, valuation, and other rationales” and the stock price has now moved up by ~7.68% since then and has attained resistance 1 and moving towards resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

Daily Chart

Considering the moderation in full-year earnings (net profit declining to USD 339.7 million from USD 774.0 million YoY), anticipated easing of freight rates due to incoming vessel supply, elevated exposure to geopolitical and trade flow uncertainties, operational disruptions from drydocking and off-hire days, and earnings sensitivity to tanker market cyclicality despite strong Q4 performance and healthy dividend payouts, a ‘Sell’ rating is assigned to the ‘HAFN’ at the current market price of USD 8.13, as of April 07, 2026, at 7:10 am PDT.

Note: This report may be updated with details around fundamental and technical analysis, price chart in due course, as appropriate.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is April 07, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.