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<Research>Daiwa Downgrades PACIFIC BASIN to Underperform, Raises TP to HKD3.25
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Because of its worse-than-expected earnings for 2025, it is now difficult for PACIFIC BASIN (02343.HK) to stretch the strong rebound in its stock price any further, Daiwa commented in its research report. Daiwa has downgraded PACIFIC BASIN's rating from Buy to Underperform, given the limited stock price catalysts and currently excessively high valuation, which has exceeded the three-year average by three standard deviations. In contrast, its target price was raised from HKD3 to HKD3.25. AAStocks Financial News |
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