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<Research>M Stanley Adds PACIFIC BASIN (02343.HK) TP to $2.15, Downgrades Rating to Equalweight
PACIFIC BASIN (02343.HK) performed well over the past 4 months, with a balanced risk-return profile, Morgan Stanley released a research report saying. Earnings for 1H25/ 2025 are e...
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<Research>M Stanley Adds PACIFIC BASIN (02343.HK) TP to $2.15, Downgrades Rating to Equalweight
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PACIFIC BASIN (02343.HK)  0.000 (0.000%)    Short selling $21.53M; Ratio 29.544%   performed well over the past 4 months, with a balanced risk-return profile, Morgan Stanley released a research report saying. Earnings for 1H25/ 2025 are expected to significantly drop YoY, but this is believed to be reflected in its share price.

The valuation discount to NAV per share, shareholder returns and Caravel Group's continued share acquisition helped mitigate downside risks.

In view of its outstanding performance in the past 4 months, Morgan Stanley revised its rating on PACIFIC BASIN from Overweight to Equalweight, and lowered its 2025-2027 EPS forecasts by 38.5%/ 31.2%/ 19.5% respectively. The broker also added its target price to $2.15 from $2.1.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-08 16:25.)

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