Pacific Basin Shipping Sees 2.1% Increase in Trading
January 16, 2023
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Pacific Basin Shipping Intrinsic Value – Pacific Basin Shipping ($SEHK:02343) is a Hong Kong-based provider of dry bulk shipping services. The company operates a fleet of bulk carriers, comprising Supramax, Handysize and Handymax vessels, and provides seaborne transportation services throughout the world. Its core business is the transportation of dry bulk commodities such as coal, grain, steel products and other bulk cargo. Recently, Pacific Basin Shipping has seen an increase of 2.1% in its trading. This uptick in trading is due to a variety of factors, including increased demand for bulk commodities from emerging markets and a steady increase in global trade.
In addition, the company has been able to capitalize on its strong presence in Asia and its expertise in the dry bulk shipping market. This has allowed it to take advantage of new opportunities and expand its operating capacity. Moreover, Pacific Basin Shipping has also been able to benefit from its strong balance sheet and stable financial position. The company has made a number of prudent investments in recent years which have enabled it to maintain a strong cash flow and ensure that it can continue to finance its operations. This, in turn, has enabled it to expand its fleet and increase its trading activity. In addition, Pacific Basin Shipping has also seen an increase in demand for its services due to the ongoing growth in global trade. This has led to an increase in the number of contracts that the company has been able to secure, thus further boosting its trading activity. With its focus on delivering high-quality services and its commitment to remaining a leader in Asia, the company looks poised to continue seeing success in the future.
Stock Price
On Thursday, Pacific Basin Shipping saw a 2.1% increase in its trading volume despite the stock opening at HK$2.6 and closing at HK$2.4, a drop of 6.2% from its last closing price of HK$2.6. This increase in trading volume is a positive sign for Pacific Basin Shipping, as it suggests that the company is getting more attention in the market, which can lead to higher stock prices in the future. The company has also seen a rise in profits over the last few years, indicating that it is well-positioned to capitalize on any potential upturns in the shipping industry. Pacific Basin Shipping has also taken steps to reduce its debt and improve its balance sheet, which should provide further confidence to investors who are interested in the company.
Furthermore, the company has been making investments in new technologies and services, which should help to improve its efficiency and position it for continued growth. Overall, Pacific Basin Shipping’s recent increase in trading volume is a good sign and could indicate that the company is well-positioned to capitalize on any potential upturns in the shipping industry. The company’s strong balance sheet and continued investment in new technologies should also provide further confidence to investors who are interested in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pacific Basin Shipping. More…
| Total Revenues | Net Income | Net Margin |
| 3.55k | 1.15k | 28.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pacific Basin Shipping. More…
| Operations | Investing | Financing |
| 1.14k | -153.44 | -762.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pacific Basin Shipping. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.88k | 847.78 | 0.39 |
Key Ratios Snapshot
Some of the financial key ratios for Pacific Basin Shipping are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.5% | 129.4% | 33.1% |
| FCF Margin | ROE | ROA |
| 28.0% | 38.0% | 25.5% |
VI Analysis – Pacific Basin Shipping Intrinsic Value Calculator
The VI app makes it easy to analyze the company’s fundamentals and assess if it is suitable for your portfolio. According to the calculations of VI Line, the intrinsic value of Pacific Basin Shipping’s share is around HK$2.9. Currently, the stock is traded at HK$2.4, which is a fair price but still undervalued by 18%. Investing in Pacific Basin Shipping could turn out to be a great decision for investors who are looking for a long-term return on their investment. With the company’s fundamentals firmly in place, it has the potential to be a great stock to add to your portfolio. More…
VI Peers
In the shipping industry, Pacific Basin Shipping Ltd faces competition from Danaos Corp, Unitas Holdings Ltd, and Oceanteam ASA. These companies are all striving to provide the best shipping services to their customers. Each company has its own strengths and weaknesses, and it is up to Pacific Basin Shipping Ltd to decide how to best compete against them.
– Danaos Corp ($NYSE:DAC)
Danaos Corporation is a leading international owner of containerships, chartering vessels to a diversity of the world’s largest liner companies. The Company’s current fleet consists of 90 containerships with a total capacity of 561,060 TEU and an average age of about 9 years.
– Unitas Holdings Ltd ($SEHK:08020)
Unitas Holdings Ltd is a Hong Kong-based company principally engaged in the provision of integrated logistics solutions. The Company operates its business through three segments. The Airfreight Segment is engaged in the provision of airfreight services. The Oceanfreight Segment is engaged in the provision of oceanfreight services. The Land Transport Segment is engaged in the provision of land transport services. The Company also provides other value-added services, including warehousing and storage, insurance, customs clearance, packing, as well as other ancillary services.
– Oceanteam ASA ($LTS:0HJ5)
Oceanteam ASA is a leading offshore shipping company that specializes in the ownership and operation of offshore support vessels. The company has a market cap of 67.4M as of 2022 and a Return on Equity of -8.54%. The company’s vessels are used for a variety of offshore activities including oil and gas exploration, construction, and production.
Summary
Pacific Basin Shipping has seen a 2.1% increase in trading, however its stock price has not reflected this growth. Investors may want to consider the potential of Pacific Basin Shipping as the company is showing signs of steady growth. Analysts should consider examining the business fundamentals, such as its market position, financial performance, and competitive landscape, to assess the potential of investing in Pacific Basin Shipping.
The company’s long-term success and overall financial performance will play a role in any decision to invest in the company. It is important for investors to research and understand the investment before making any decisions.
