by 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"