JPMorgan Maintains "Overweight" on Pacific Basin Despite 2025 Earnings Shortfall, Citing Improved Fundamentals

Stock News03-05 14:50

JPMorgan released a research report indicating that PACIFIC BASIN's (02343) earnings for the 2025 fiscal year fell short of expectations. However, the bank believes this underperformance is unlikely to recur significantly, citing anticipated substantial reductions in relocation costs for the 2026 fiscal year and a strengthening freight market expected in early 2026. JPMorgan maintains confidence in the company's medium-term investment case. The report stated that PACIFIC BASIN remains the only pure-play dry bulk shipping company listed in Hong Kong/China that is focused on minor bulk commodities and stands to benefit from improving fundamentals, with the bank's positive view remaining unchanged. JPMorgan adjusted its net profit after tax forecasts for the group for fiscal years 2026 to 2028, increasing the 2026 forecast by 0%, raising the 2027 forecast by 1%, and lowering the 2028 forecast by 5%. The price target, based on a price-to-earnings ratio, is maintained at HK$4.1, with an "Overweight" rating.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1144039115?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-05 14:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1144039115","market":"hk","top_or_hot":-1,"title":"JPMorgan Maintains \"Overweight\" on Pacific Basin Despite 2025 Earnings Shortfall, Citing Improved Fundamentals","media":"Stock News","content":"<p>JPMorgan released a research report indicating that PACIFIC BASIN's (02343) earnings for the 2025 fiscal year fell short of expectations. However, the bank believes this underperformance is unlikely to recur significantly, citing anticipated substantial reductions in relocation costs for the 2026 fiscal year and a strengthening freight market expected in early 2026. JPMorgan maintains confidence in the company's medium-term investment case. The report stated that PACIFIC BASIN remains the only pure-play dry bulk shipping company listed in Hong Kong/China that is focused on minor bulk commodities and stands to benefit from improving fundamentals, with the bank's positive view remaining unchanged. JPMorgan adjusted its net profit after tax forecasts for the group for fiscal years 2026 to 2028, increasing the 2026 forecast by 0%, raising the 2027 forecast by 1%, and lowering the 2028 forecast by 5%. The price target, based on a price-to-earnings ratio, is maintained at HK$4.1, with an \"Overweight\" rating.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Maintains \"Overweight\" on Pacific Basin Despite 2025 Earnings Shortfall, Citing Improved Fundamentals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Maintains \"Overweight\" on Pacific Basin Despite 2025 Earnings Shortfall, Citing Improved Fundamentals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-03-05 14:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JPMorgan released a research report indicating that PACIFIC BASIN's (02343) earnings for the 2025 fiscal year fell short of expectations. However, the bank believes this underperformance is unlikely to recur significantly, citing anticipated substantial reductions in relocation costs for the 2026 fiscal year and a strengthening freight market expected in early 2026. JPMorgan maintains confidence in the company's medium-term investment case. The report stated that PACIFIC BASIN remains the only pure-play dry bulk shipping company listed in Hong Kong/China that is focused on minor bulk commodities and stands to benefit from improving fundamentals, with the bank's positive view remaining unchanged. JPMorgan adjusted its net profit after tax forecasts for the group for fiscal years 2026 to 2028, increasing the 2026 forecast by 0%, raising the 2027 forecast by 1%, and lowering the 2028 forecast by 5%. The price target, based on a price-to-earnings ratio, is maintained at HK$4.1, with an \"Overweight\" rating.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1046422090.SGD","symbol_name":"Fidelity Pacific A-SGD","start_time":0,"source_url":"","article_id":"1144039115","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144039115","pubTimestamp":1772693430,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"JPMorgan released a research report indicating that PACIFIC BASIN's (02343) earnings for the 2025 fiscal year fell short of expectations. However, the bank believes this underperformance is unlikely...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1046422090.SGD":"Fidelity Pacific A-SGD","BK1535":"港口运输股","LU0049112450.USD":"FIDELITY PACIFIC \"A\" INC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU0390135332.USD":"TEMPLETON ASIAN SMALLER COMPANIES \"A\" (USD) ACC","HK0000252152.HKD":"易方达 (香港) 中国股票股息基金A 类 (累积) 港元","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU0390135506.SGD":"FTIF - Templeton Asian Smaller Companies A Acc SGD","LU0300738514.USD":"TEMPLETON EMERG MKTS SMALLER CO \"A\"(USD) ACC","LU0300738605.USD":"TEMPLETON EMERG MKTS SMALLER CO \"A\" INC","HK0000252160.HKD":"易方达 (香港) 中国股票股息基金A 类 (分派) 港元","BK1103":"海运","LU0390135688.USD":"TEMPLETON ASIAN SMALLER COMPANIES \"A\" (USD) INC","SG9999002950.SGD":"United Asian Growth Opportunities SGD","02343":"太平洋航运","LU1235295612.USD":"FIDELITY PACIFIC \"A\" (USDHDG) INC","SG9999011746.SGD":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","HK0000500386.USD":"易方达 (香港) 中国股票股息基金A 类 (累积) 美元"},"translate_title":"尽管2025年盈利不足，摩根大通仍维持太平洋航运“跑赢大盘”，理由是基本面有所改善","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02343":1},"content_text":"JPMorgan released a research report indicating that PACIFIC BASIN's (02343) earnings for the 2025 fiscal year fell short of expectations. However, the bank believes this underperformance is unlikely to recur significantly, citing anticipated substantial reductions in relocation costs for the 2026 fiscal year and a strengthening freight market expected in early 2026. JPMorgan maintains confidence in the company's medium-term investment case. The report stated that PACIFIC BASIN remains the only pure-play dry bulk shipping company listed in Hong Kong/China that is focused on minor bulk commodities and stands to benefit from improving fundamentals, with the bank's positive view remaining unchanged. JPMorgan adjusted its net profit after tax forecasts for the group for fiscal years 2026 to 2028, increasing the 2026 forecast by 0%, raising the 2027 forecast by 1%, and lowering the 2028 forecast by 5%. The price target, based on a price-to-earnings ratio, is maintained at HK$4.1, with an \"Overweight\" rating.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1144039115","isCrawlerRequest":true}