02343 PACIFIC BASIN
- 2.800
- -0.120-4.11%
PACIFIC BASIN News
[Hong Kong Stock Connect] Pacific Shipping (02343) falls 3.77% HSBC research predicts that freight demand growth will slow in the next three quarters and downgraded its rating to “reduced holdings”
Jinwu Financial News | Pacific Shipping (02343)'s stock price weakened and remained low in the afternoon. As of press release, it was reported at HK$2.81, down 3.77%, with a turnover of HK$101 million. According to the news, according to the HSBC Research and Development Report, China's iron ore imports increased by only 6% year-on-year in the first quarter of this year, but Brazil's iron ore exports increased 12% year-on-year. Freight demand will grow or slow in the next three quarters. Affected by China's reduction in iron ore imports in response to high inventories, the increase in ship capacity will exceed demand due to the easing of port congestion, increased ship navigation speed, and improvements in the Panama Canal shipping situation. According to the bank, Pacific Shipping's stock price was 1 in the past
Pacific Shipping is now down 5% HSBC Global Research cuts target price to HK$2.55
Pacific Shipping (02343) shares fell 5.14% to HK$2.77, with a turnover of HK$84.5318 million. According to HSBC Global Research, the investment rating for Pacific Shipping was lowered to “reduced holdings”, and the target price was also lowered to HK$2.55. The rise in BDI driven by Cape of Good Hope shipping rates will slow down. There is a difference between the stock's stock price in 2021 due to the increase in freight rates for lightweight extreme and lightweight vessels. The bank believes that limited room for upward shipping rates, downside risks in demand, and increased ship supply will lay the groundwork for lower profit expectations and downside risks in performance forecasts for the first half of the year.
Changes in Hong Kong stocks | Pacific Shipping (02343) fell nearly 6%, and the BDI index fell for 5 consecutive days, institutions say there is limited room for rising shipping rates
Pacific Shipping (02343) fell nearly 6%. As of press release, it was down 5.82% to HK$2.75, with a turnover of HK$44.2486 million.
Pacific Basin Shipping Buys Back 44,000 Shares
Pacific Basin Shipping (HKG:2343) repurchased 44,000 shares on Thursday at between HK$2.79 and HK$2.83 apiece for HK$124,520, according to a same-day filing by the shipping company on the Hong Kong bo
Zhitong Hong Kong Stock Repurchase Statistics|May 10
Hong Kong Stock Repurchase Statistics|May 10
Market Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Revenues Pushing Shares 30% Higher
Despite an already strong run, Pacific Basin Shipping Limited (HKG:2343) shares have been powering on, with a gain of 30% in the last thirty days. Unfortunately, despite the strong performance over
Pacific Shipping spent HK$124,500 to buy back 44,000 shares on May 9
Pacific Shipping (02343) announced that on May 9, 2024, the company spent HK$124,500 to repurchase 44,000 shares at a repurchase price of HK$2.79 to HK$2.83 per share.
Pacific Shipping (02343.HK) spent HK$124,500 to buy back 44,000 shares on May 9
Gelonghui, May 9, 丨 Pacific Shipping (02343.HK) issued an announcement. On May 9, 2024, it spent HK$124,500 to repurchase 44,000 shares at a repurchase price of HK$2.79 to HK$2.83 per share.
CICC: As the dry bulk shipping cycle approaches, Pacific Shipping's target price will rise to HK$3.6
CICC released a research report stating that Pacific Shipping's (02343) target price was raised by 14.3% to HK$3.6, and profit forecasts and ratings remained unchanged. CICC expects that if the industry's freight rate increases by 1,000 US dollars/day, Pacific Shipping's core business profit will increase by about 38 million US dollars; if dividends are paid according to the minimum 50% dividend level, the company's dividend rate in 2024 will be 6.8%. If the dividend rate remains at 75% of last year, the company's dividend rate will be 10.2%. The report cites Clarksons benchmark hypothesis that the supply and demand for dry bulk carriers will increase by 2.9% and 2.4% in 2024.
Pacific Basin Shipping Buys Back About 2.1 Million Shares
Pacific Basin Shipping (HKG:2343) repurchased 1,122,000 shares on Tuesday and 953,000 on Wednesday, according to a Thursday filing on the Hong Kong bourse. The repurchased shares will eventually be ca
Pacific Basin Shipping (HKG:2343) Is Doing The Right Things To Multiply Its Share Price
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expandin
Pacific Shipping (02343.HK) spent HK$2.704 million to buy back 953,000 shares on May 8
Gelonghui, May 8 | Pacific Shipping (02343.HK) announced that it spent HK$2.704 million to repurchase 953,000 shares on May 8.
Pacific Shipping spent about HK$3,097 million to buy back 1.122 million shares on May 7
Pacific Shipping (02343) announced that on May 7, 2024, it spent approximately HK$3,097 million to repurchase 1.122 million shares.
Pacific Shipping (02343.HK) spent HK$3,097 million to buy back 1.122 million shares on May 7
On May 8, GLONGHUI | Pacific Shipping (02343.HK) issued an announcement. On May 7, 2024, it spent HK$3.097,700 to repurchase 1.122 million shares at a repurchase price of HK$2.73-2.78 per share.
Pacific Shipping (02343.HK) spent HK$3.1 million to buy back 1.12 million shares on May 7
On May 7, GLONGHUI | Pacific Shipping (02343.HK) announced that on May 7, 2024, the company spent HK$3.1 million to repurchase 1.12 million shares at a repurchase price of HK$2.73-2.78 per share.
Changes in Hong Kong stocks | Dongfang Overseas International (00316) rose nearly 4%, leading the way, shipping stock Maersk expects Q2 capacity to decrease by 20%, and the US Eastern Airlines freight index surged 31%
Shipping stocks continued their recent gains. As of press release, Orient Overseas International (00316) rose 3.87% to HK$120.7; Haifeng International (01308) rose 1.7% to HK$19.12; COSCO Marine Control (01919) rose 1.54% to HK$10.58; and Pacific Shipping (02343) rose 0.36% to HK$2.78.
Pacific Basin Shipping Limited Goes Ex Dividend Tomorrow
PACIFIC BASIN SHIP To Go Ex-Dividend On April 25th, 2024 With 0.04088 USD Dividend Per Share And 0.10477 USD Special Dividend Per Share
April 24th - $PACIFIC BASIN SHIP(PCFBY.US)$ is trading ex-dividend on April 25th, 2024. Shareholders of record on April 26th, 2024 will receive 0.04088 USD dividend per share and 0.10477 USD speci
Analysts Offer Insights on Industrial Goods Companies: Herc Holdings (HRI), Pacific Basin Shipping (OtherPCFBF) and JetBlue Airways (JBLU)
Hong Kong Stock Concept Tracking | The shipping market has set off a “wave of price increases”! The increase of nearly 70% on some routes indicates that long-term supply pressure still exists (with concept stocks)
The shipping market has obvious off-peak season characteristics, and the increase in freight rates generally accompanies the peak shipping season.
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