Pacific Basin 2343

Re: Pacific Basin 2343

Postby winston » Sat Nov 04, 2017 8:50 am

not vested

Sep 21, 2017

<Research Report>Deutsche Lifts PACIFIC BASIN (02343.HK) Target to $2.42; Rated Buy

Deutsche Bank said in its report that now is good entry point for dry bulk and tanker ahead of peak season of the fourth quarter and upcycle of 2018-2020.

Supply and demand growth YTD was 2.7% and 3.4%, with demand outgrowing supply.

The broker's top pick was PACIFIC BASIN (02343.HK) with target price raised from $2.05 to $2.42 and rating Buy.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Pacific Basin 2343

Postby winston » Wed Feb 07, 2018 1:33 pm

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<Research Report>BofA Merrill Lynch Upgrades PACIFIC BASIN (02343.HK) to Buy with Target Lifted to $2.9

Bank of America Merrill Lynch, in its report, expected PACIFIC BASIN (02343.HK) to swing to net profit of US$15 million for 2H17 and to resume dividend distribution.

Bank of America Merrill Lynch raised the profit forecast of the company by 71% to US$58 million.

The company was upgraded to Buy from Underperform with target price lifted to $2.9 from $1.4.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Pacific Basin 2343

Postby winston » Mon Oct 15, 2018 11:43 am

not vested

PACIFIC BASIN(2343)

Analysis:

Pacific Basin Shipping (2343) announced its third quarter trading update.

As the demand-supply balance remains favourable, the Handysize and Supramax freight market indices benefited by improving market conditions since late September.

Both Handysize and Supramax spot earnings reached their highest third quarter levels since 2011. Pacific Basin Shipping continues to expand its own fleet and increase the proportion of owned ships.

During the third quarter, the Group operated an average of 216 ships. (I do not hold the above stock)

Strategy:
Buy-in Price: $1.75, Target Price: $1.95, Cut Loss Price: $1.65

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Pacific Basin 2343

Postby winston » Mon Oct 15, 2018 11:43 am

not vested

PACIFIC BASIN(2343)

Analysis:

Pacific Basin Shipping (2343) announced its third quarter trading update.

As the demand-supply balance remains favourable, the Handysize and Supramax freight market indices benefited by improving market conditions since late September.

Both Handysize and Supramax spot earnings reached their highest third quarter levels since 2011. Pacific Basin Shipping continues to expand its own fleet and increase the proportion of owned ships.

During the third quarter, the Group operated an average of 216 ships. (I do not hold the above stock)

Strategy:
Buy-in Price: $1.75, Target Price: $1.95, Cut Loss Price: $1.65

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Pacific Basin 2343

Postby winston » Thu Jul 02, 2020 11:05 am

not vested

PACIFIC BASIN(2343)

Analysis:

PACIFIC BASIN is the world's largest owner and operator of handysize dry bulk carriers and has an important position in the supramax dry bulk carrier market.

It mainly provides international dry bulk and ro-ro cargo shipping services, energy, and infrastructure services.

The seasonal weakness in early 2020, coupled with the control of the coronavirus epidemic, has reduced the demand for Chinese imported goods and disrupted logist! ics and transportation.

The company is large, competitive in the market, and has financial buffers, so it is able to withstand the adverse effects. A

fter the epidemic is controlled and China's economic activity resumes, regaining demand and stimulating economic measures will drive market conditions.

At the end of 2019, the company's liquidity amounted to 383 million US dollars with net gearing of 35%.

Strategy:
Buy-in price:1.05 Target Price:1.45 Cut Loss price: 0.85

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Pacific Basin 2343

Postby winston » Wed Oct 14, 2020 12:09 pm

not vested

PACIFIC BASIN(2343)

Analysis:

PACIFIC BASIN is the world`s largest owner and operator of handysize dry bulk carriers and has an important position in the supramax dry bulk carrier market.

It mainly provides international dry bulk and ro-ro cargo shipping services, energy, and infrastructure services.

The seasonal weakness in early 2020, coupled with the control of the coronavirus epidemic, has reduced the demand for Chinese imported goods and disrupted logistics and transportation.

The company is large, competitive in the market, and has financial buffers, so it is able to withstand the adverse effects.

Last week, BDI index recorded more than 2,000 points last week, which is the new high after epidemic, reflecting the recovery of economic activities and is expected to! drive the stock price to rise.

Strategy:
Buy-in Price: $1.15, Target Price: $1.40, Cut Loss Price: $1.05

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Pacific Basin 2343

Postby winston » Mon Nov 23, 2020 10:53 am

not vested

PACIFIC BASIN(2343)

Analysis:

The trading update of Pacific Basin (2343) showed that following a second quarter that was hard hit by global Covid-19 containment measures, related economic slowdown and high net supply growth, the dry bulk market continues to recover on better-than-expected demand despite remaining Covid-related uncertainty.

The Group`s third quarter 2020 vessel earnings improved, driven by a recovery in Chinese dry bulk imports and strong global grain volumes.

In the third quarter, the Group owned 117 ships and, including chartered ships, an average of 238 Handysize and Supramax ships overall on the water. (I do not hold the above stock)

Strategy:
Buy-in Price: $1.30, Target Price: $1.45, Cut Loss Price: $1.20

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Pacific Basin 2343

Postby winston » Wed May 12, 2021 10:58 am

PACIFIC BASIN(2343)

Analysis:

PACIFIC BASIN is the world's largest owner and operator of handysize dry bulk carriers and has an important position in the supramax dry bulk carrier market.

It mainly provides international dry bulk and ro-ro cargo shipping services, energy, and infrastructure services.

The seasonal weakness in early 2020, coupled with the control of the coronavirus epidemic, has reduced the demand for Chinese imported goods and disrupted logistics and transportation.

The BDI index has continued to rise and has recently risen to a high in the past decade, reflecting the strong market demand for bulk transportation.

It is expected that the market's demand for raw materials and other materials will continue to drive bulk freight charges. Bulk transportation companies are worthy of attention.

Strategy:
Buy-in Price: $2.90, Target Price: $3.20, Cut Loss Price: $2.75

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Pacific Basin 2343

Postby winston » Tue Jun 29, 2021 11:56 am

not vested

PACIFIC BASIN(2343)

Analysis:-

PACIFIC BASIN is the world`s largest owner and operator of handysize dry bulk carriers and has an important position in the supramax dry bulk carrier market.

It mainly provides international dry bulk and ro-ro cargo shipping services, energy, and infrastructure services.

The seasonal weakness in early 2020, coupled with the control of the coronavirus epidemic, has reduced the demand for Chinese imported goods and disrupted logistics and transportation.

The BDI index has continued to rise and has recently risen again to a high in the past decade, reflecting the strong market demand for bulk transportation.

It is expected that the market`s demand for raw materials and other materials will continue to drive bulk freight charges. Bulk transportation companies are worthy of attention.

Strategy:
Buy-in Price: $3.10, Target Price: $3.45, Cut Loss Price: $2.95

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Pacific Basin 2343

Postby winston » Wed Jul 21, 2021 10:18 am

not vested

PACIFIC BASIN(2343)

Analysis:

PACIFIC BASIN is the world`s largest owner and operator of handysize dry bulk carriers and has an important position in the supramax dry bulk carrier market.

It mainly provides international dry bulk and ro-ro cargo shipping services, energy, and infrastructure services.

The seasonal weakness in early 2020, coupled with the control of the coronavirus epidemic, has reduced the demand for Chinese imported goods and disrupted logistics and transportation.

The company will announce its results for 1H on July 29, and is expected to provide operating guidance for Q3.

It is expected that the market`s demand for raw materials and other materials will continue to drive bulk freight charges. Bulk transportation companies are worthy of attention.

Strategy:
Buy-in Price: $2.85, Target Price: $3.15, Cut Loss Price: $2.70

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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