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Pacific Basin Shipping ( (HK:2343) ) has provided an update.
The Caravel Group Ltd. has increased its shareholding in Pacific Basin Shipping Limited to 16%, making it the largest shareholder. This move reflects Caravel’s confidence in Pacific Basin’s management and operations, and its commitment to supporting the company’s growth and shareholder value creation.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
More about Pacific Basin Shipping
Pacific Basin Shipping Limited operates in the dry bulk shipping industry, focusing on managing a fleet of vessels that transport bulk commodities globally.
Average Trading Volume: 38,512,345
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.11B
See more insights into 2343 stock on TipRanks’ Stock Analysis page.