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Changes in Hong Kong stocks | Pacific Shipping (02343) is now up more than 7% and plans to implement a $40 million share repurchase plan, agencies say the company's dividends are attractive
Pacific Shipping (02343) is now up more than 7%. As of press release, it is up 7.44% to HK$2.6, with a turnover of HK$39.4821 million.
Zhitong Finance22:00 ET
CICC: Target price for Pacific Shipping's “outperforming industry” rating increased to HK$3.15
CICC released a research report stating that it gave Pacific Shipping (02343) a “outperforming industry” rating. Considering that the dry bulk transportation market cycle is expected to improve, profit in 2025 was raised by 38% to US$350 million, keeping profit unchanged in 2024, and the target price was raised by 10.5% to HK$3.15. The bank assumes that in 2024, the company will pay dividends at the promised minimum dividend rate of 50%, corresponding to a dividend rate of 7.9%. If the dividend rate in 2024 remains at the level of 75% last year, corresponding to a dividend rate of 12.2%, the company's dividend is attractive. CICC's main views are as follows: The company announced 1Q24 business conditions:
新浪港股22:00 ET
Buy Rating Affirmed for Pacific Basin Shipping Amid Strong Financial Health and Positive Industry Outlook
TipRanks21:55 ET
CICC: The target price for Pacific Shipping (02343)'s “outperforming the industry” rating was raised to HK$3.15
CICC raised Pacific Shipping's 2025 profit forecast by 38% to US$350 million.
Zhitong Finance21:20 ET
Pacific Basin Shipping to Launch $40 Million Share Repurchase Program
Pacific Basin Shipping (HKG:2343) is launching a share buy-back program to repurchase up to $40 million of shares from April 25 to Dec. 31, a Thursday filing on the Hong Kong bourse stated. The repurc
MT NewswiresApr 18 07:28 ET
Pacific Shipping (02343.HK): Proposed implementation of a $40 million share repurchase plan
The term of the share repurchase plan: From April 25, 2024 to December 31, 2024 (both days included).
Gelonghui FinanceApr 18 05:14 ET
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