Risk factor
Very high price volatility
Profitability factor
Weak growth
About
Pacific Basin Shipping Limited, an investment holding entity, specializes in providing dry bulk shipping solutions worldwide. The company extends its operations to include a range of maritime support services such as shipping consultancy, ocean transportation, crew management, administrative assistance, agency representation, and full ship management. Furthermore, it engages in the ownership and chartering of vessels, as well as the issuance of convertible bonds. As of February 28, 2022, its fleet comprised 130 Handysize and 124 Supramax vessels. Established in 1987, the firm is headquartered in Wong Chuk Hang, Hong Kong.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. In particular, the stock is reasonably priced on P/E, 'cheap'
Target Price
The average target price of 2343.HK is 3.71 and suggests 12.4% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommenda