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2343 Stock Chart & Stats
HK$3.30
HK$0.02(0.61%)
At close: 4:00 PM EDT
HK$3.30
HK$0.02(0.61%)
Day’s Range― - ―
52-Week RangeHK$2.12 - HK$3.66
Previous CloseN/A
Volume16.17M
Average Volume (3M)16.69M
Market Cap
HK$16.57B
Enterprise ValueHK$11.59K
Total Cash (Recent Filing)HK$270.52M
Total Debt (Recent Filing)HK$230.39M
Price to Earnings (P/E)47.5
Beta0.78
Next Earnings
Aug 06, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield2.32%
Share Statistics
EPS (TTM)<0.01
Shares Outstanding5,157,246,600
10 Day Avg. Volume13,984,147
30 Day Avg. Volume16,692,496
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.84
Price to Sales (P/S)0.73
P/FCF Ratio10.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.40Price Target Upside3.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)HK$2.57B
Bulls Say, Bears Say
Bulls Say
Conservative Leverage And Strong Equity BaseVery low leverage and a substantial equity base provide durable financial resilience in a cyclical shipping sector. This balance-sheet strength supports continued dividend flexibility, buybacks, selective fleet renewal and the ability to absorb freight volatility without refinancing stress.
Consistent Cash Generation And Positive Free Cash FlowSustained positive operating cash flow and healthy free cash flow allow the company to fund capex, vessel renewals and shareholder returns through cycles. Reliable cash generation cushions earnings volatility and reduces reliance on external funding for strategic investments.
Fleet Optionality, TCE Outperformance And Forward CoverA primarily owned, modern fleet with market valuation above book provides asset backing and optionality. Persistent TCE outperformance and high forward coverage reduce revenue volatility, reflecting strong commercial execution and supporting medium-term cash stability.
Bears Say
Revenue Decline And Margin CompressionSharp top-line decline and compressed margins reflect cyclical weakness in freight markets. Sustained lower revenue and reduced profitability constrain retained earnings, limit reinvestment capacity and challenge the durability of payout policies if weak rates persist.
Industry Supply/demand Imbalance RiskStructural fleet growth outpacing demand implies prolonged rate pressure potential. Extended oversupply can depress TCEs and utilization for years, weakening revenue visibility for owners and limiting margin recovery even amid short-term spot firming.
Execution And Residual Structural CostsOngoing reflagging, compliance and transfer programs create execution risk and recurring one-off costs that erode near-term profitability. Delays or extra expenses may persist into 2026, reducing the cash available for operations, dividends or opportunistic asset actions.
Pacific Basin Shipping News
2343 FAQ
What was Pacific Basin Shipping Limited’s price range in the past 12 months?
Pacific Basin Shipping Limited lowest stock price was HK$2.12 and its highest was HK$3.66 in the past 12 months.
What is Pacific Basin Shipping Limited’s market cap?
Pacific Basin Shipping Limited’s market cap is HK$16.57B.
When is Pacific Basin Shipping Limited’s upcoming earnings report date?
Pacific Basin Shipping Limited’s upcoming earnings report date is Aug 06, 2026 which is in 2 days.
How were Pacific Basin Shipping Limited’s earnings last quarter?
Pacific Basin Shipping Limited released its earnings results on Mar 03, 2026. The company reported HK$0.05 earnings per share for the quarter, beating the consensus estimate of N/A by HK$0.05.
Is Pacific Basin Shipping Limited overvalued?
According to Wall Street analysts Pacific Basin Shipping Limited’s price is currently Undervalued.
Does Pacific Basin Shipping Limited pay dividends?
Pacific Basin Shipping Limited pays a Semiannually dividend of HK$0.06 which represents an annual dividend yield of 2.32%. See more information on Pacific Basin Shipping Limited dividends here
What is Pacific Basin Shipping Limited’s EPS estimate?
Pacific Basin Shipping Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Pacific Basin Shipping Limited have?
Pacific Basin Shipping Limited has 5,157,246,600 shares outstanding.
What happened to Pacific Basin Shipping Limited’s price movement after its last earnings report?
Pacific Basin Shipping Limited reported an EPS of HK$0.05 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.838%.
Which hedge fund is a major shareholder of Pacific Basin Shipping Limited?
Currently, no hedge funds are holding shares in HK:2343
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Pacific Basin Shipping Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$3.40 (3.03% Upside)
HK$3.40 (3.03% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.71%
12-Months-Change
Fundamentals
Return on Equity
2.32%
Trailing 12-Months
Asset Growth
-5.62%
Trailing 12-Months
Company Description
Pacific Basin Shipping Limited
Pacific Basin Shipping Limited (HKEX: 2343) is a Hong Kong-based dry bulk shipping company focused on the operation of a fleet of Handysize and Supramax vessels. The company provides seaborne transportation services for a range of dry bulk commodities through a combination of owned and chartered-in ships, and it also engages in complementary activities related to vessel chartering and fleet management within the dry bulk sector.
2343 Stock 12 Month Forecast
Average Price Target
HK$3.40
▲(3.03% Upside)
Technical Analysis
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