No Data
Daiwa: Maintains pacific basin shareholding rating, with target price adjusted down to HK$2.74.
Morgan Stanley released a research report stating that the target price of Pacific Basin (02343) for the years 2024 to 2026 is reduced by 9%, 12%, and 10% respectively to reflect weak market demand, as well as the expected decrease in equivalent benchmark revenues from on-time charter contracts for Pacific Basin's ultramax bulk carriers. Morgan Stanley mentioned that Pacific Basin is offsetting some of the negative impact by reducing the number of shares through repurchases and cancellations, and is currently lowering the target price from HK$2.76 to HK$2.74, maintaining a "shareholding" rating.
Repurchase assembly on October 22 | aia, hsbc holdings and others have repurchased one after another, with aia spending 61.9829 million Hong Kong dollars.
According to hkex's filing on October 23, AIA, HSBC Holdings, among others, repurchased shares. AIA repurchased 1.004 million shares of ordinary shares on October 22, with a total amount involved of 61.9829 million Hong Kong dollars, at a repurchase price ranging from 62.3 Hong Kong dollars to 61.25 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of securities repurchased is 0.313 billion shares, accounting for 2.784% of the number of shares issued at the time of the ordinary resolution's approval. HSBC Holdings repurchased shares...
October 21st Buyback Compilation | hsbc holdings, aia and others have successively repurchased, with hsbc holdings spending 0.102 billion Hong Kong dollars.
According to the disclosure documents released by hkex on October 22, hsbc holdings (00005.HK) and aia (01299.HK) repurchased shares. ① Hsbc holdings (00005.HK) repurchased 1.484 million shares of common stock on October 18, involving 0.102 billion Hong Kong dollars, with the repurchase price per share ranging from 69.1 Hong Kong dollars to 68.4 Hong Kong dollars. ② Aia (01299.HK) repurchased 1.002 million shares of common stock on October 21, involving 62.3921 million Hong Kong dollars, with the repurchase price per share ranging from 62.9 Hong Kong dollars.
Hong Kong stock concept tracking | Price increases combined with geopolitical conflicts, shipping index soared 15%! Institutions say container ships rerouting pattern still maintained (with concept stocks)
Huatai Futures pointed out that the geopolitical conflict continues to ferment, but the geopolitical situation remains relatively complex, the pattern of container ships bypassing is still maintained, which will provide support for the 2025 contracts.
Daiwa: Upgraded Pacific Basin rating to "outperform the market", target price raised to 2.4 Hong Kong dollars
Daiwa released a research report stating that it lowered the earnings forecast per share of Pacific Basin (02343) for this year by 1%, but increased the earnings forecast for next year and the year after by 18% to 24% to reflect adjustments in the forecast for time charter equivalent (TCE) income and gross margin. The investment rating on the stock was upgraded from 'hold' to 'outperform the market', with the target price raised from 2.25 Hong Kong dollars to 2.4 Hong Kong dollars. The bank pointed out that the company's Handysize and Supramax TCE increased by 35% and 6% year-on-year, to 13,740 and 12,220 US dollars. The performance of Supramax fell short of the bank's expectations for two consecutive quarters.
Hong Kong stocks surged again | Pacific Basin (02343) rose by more than 3% again, with a 12% year-on-year increase in operating profit in the third quarter, averaging $1300 per day.
Pacific Basin (02343) rose by over 3% again, as of the time of publication, up 3.1% at 2.33 Hong Kong dollars, with a turnover of 49.0794 million Hong Kong dollars.
No Data
No Data