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<Research>HSBC Research Upgrades PACIFIC BASIN (02343.HK) to Hold, Adds TP to $3.2
Recommend 4 Positive 7 Negative 2 |
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PACIFIC BASIN (02343.HK) started 2026 strongly, HSBC Global Research issued a research report saying. The average daily time charter equivalent (TCE) for its Handysize/ Supramax dry bulk carriers increased by 11%/ 14% YoY each, while 2Q26 has already been largely covered at attractive levels. The broker raised its 2026-2028 earnings forecasts for PACIFIC BASIN by 25-37%, although it remains below market consensus. Therefore, HSBC Global Research upgraded the Company from Underweight to Hold, and added its target price from $3 to $3.2. Auto-translated by AI AASTOCKS Financial News |
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