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SymbolStock Name
Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
HK Stock MarketDetailed Quotes
02343 PACIFIC BASIN
- 2.760
- -0.120-4.17%
Market Closed May 23 16:08 CST
14.53BMarket Cap17.04P/E (TTM)
2.860High2.740Low12.78MVolume2.860Open2.880Pre Close35.82MTurnover0.24%Turnover Ratio17.04P/E (Static)5.26BShares3.01052wk High1.03P/B14.53BFloat Cap1.92352wk Low0.12Dividend TTM5.26BShs Float6.823Historical High0.122Dividend LFY4.17%Amplitude-2.370Historical Low2.803Avg Price1000Lot Size4.42%Div YieldTTM4.42%Div Yield LFY
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News
Pacific Shipping (02343.HK) spent HK$8.575 million to buy back 3 million shares on May 23
On May 23, GLONGHUI | Pacific Shipping (02343.HK) issued an announcement. On May 23, 2024, it spent HK$8.527 million to repurchase 3 million shares, with a repurchase price of HK$2.83-2.85 per share.
Changes in Hong Kong stocks | Pacific Shipping (02343) is now down more than 4%, and BDI tariffs are falling under pressure. HSBC says the company's profit for the first half of the year may fall short of expectations
The Zhitong Finance App learned that Pacific Shipping (02343) is now down more than 4%. As of press release, it is down 4.17% to HK$2.76, with a turnover of HK$23.22,600. SDIC Anxin Futures pointed out that in the past two weeks, due to the impact of European holidays, the pace of shippers' bookings has slowed down. Coupled with the gradual accumulation of capacity from previous ballast shipments, BDI freight rates have been pressured downward. In the Pacific market, demand led to a simultaneous recovery in freight rates after Labor Day, but the rise in freight rates also suppressed shippers' willingness to book ships to a certain extent, compounded by the weak drag of the Atlantic market. Therefore, although demand continues to be released steadily, there is upward momentum in freight rates
Pacific Basin Shipping Repurchases Further Shares
Pacific Basin Shipping (HKG:2343) bought back 759,000 shares on Wednesday for around HK$2.1 million, according to a same-day filing on the Hong Kong bourse. The shares were purchased at the highest an
Pacific Shipping (02343.HK) spent HK$2.146,700 to buy back 759,000 shares on May 22
On May 22, GLONGHUI | Pacific Shipping (02343.HK) issued an announcement. On May 22, 2024, it spent HK$2.146,700 to repurchase 759,000 shares at a repurchase price of HK$2.81-2.83 per share.
Pacific Shipping (02343.HK) was reduced by 3.577,700 shares by Pzena Investment Management, LLC
Glonghui, May 20 | According to the Stock Exchange's latest equity disclosure data, on May 15, 2024, Pacific Shipping (02343.HK) was reduced by Pzena Investment Management, LLC's holdings of 3,577,700 shares at an average price of HK$7.33 per share on the market, involving approximately HK$26.225 million. After the holdings reduction, Pzena Investment Management, LLC's latest shareholding was 471,363,025 shares, and the shareholding ratio dropped from 9.02% to 8.95%.
Pacific Basin Shipping Buys Back Over 1.7 Million Shares
Pacific Basin Shipping (HKG:2343) repurchased 1,715,000 shares on Friday at between HK$2.76 and HK$2.79 apiece for about HK$4.8 million, according to a same-day filing by the shipping company on the H
Comments
Analysts are less optimistic after recent results, cutting revenue forecasts and significantly dropping earnings per share numbers. Despite this, the price target remains unchanged, suggesting analysts don't see a meaningful impact on intrinsic value. The future of the business is hard to value accurately due to a wide range of estimates. Pacific Basin Shipping's revenue growth is expected to slow down substantially.
Pacific Basin Shipping Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now 1
Investors' belief in Pacific Basin Shipping's poor earnings performance not improving likely causes its low P/E ratio. The P/E could fall further unless profitability improves, as investors see insufficient potential for earnings improvement to justify a higher P/E ratio.
Insider transactions at Pacific Basin Shipping over the past year are not encouraging. However, insiders owning a substantial number of shares is a positive. The company exhibits 3 warning signs in our investment analysis, with 1 being significant.
Despite the current undervaluation of Pacific Basin Shipping's stock, the negative outlook presenting future uncertainty suggests higher risk, indicating diversification might be a better move for investors. Deciding about investment entails considering the risks associated with future negative growth prospects.
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