12 High Growth International Stocks to Invest in Now

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10. Frontline plc (NYSE:FRO)

10-Year Revenue Growth Rate: 25.47%

Number of Hedge Fund Holders: 16

Frontline plc (NYSE:FRO) is a shipping company based in Cyprus that specializes in the transportation of crude oil and refined petroleum products. The company owns and operates a fleet of large tankers including Very Large Crude Carriers (VLCC), Suezmax Tankers, Aframax,  and LR2 Tankers. The fleet of the company travels internationally thereby playing a crucial role in maintaining global energy supply.

Despite not achieving the desired earnings levels due to market conditions, Frontline plc (NYSE:FRO) maintains a decent profit margin. During the fiscal third quarter of 2024, the company reported $39,600 per day on our VLCC fleet, $39,900 per day on our Suezmaxes, and $36,000 per day on our LR2/Aframax suite. CEO, Lars Barstad noted that these numbers were below expectation due to the market fluctuations. However, the company was still able to generate decent profits of $60.5 million during the quarter.

Management noted that they are emphasizing maintaining operational efficiency and profitability despite external pressures. The company aims to optimize its capital structure while adapting to changing market dynamics. It is one of the high-growth international stocks to invest in now.

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