Market Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Earnings

Simply Wall St.2024-12-24

With a price-to-earnings (or "P/E") ratio of 13.1x Pacific Basin Shipping Limited (HKG:2343) may be sending bearish signals at the moment, given that almost half of all companies in Hong Kong have P/E...

Source Link

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/2493681704?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/3231000-choice1-main-header/1585186848989","is_english":true,"pubTime":"2024-12-24 13:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2493681704","market":"us","top_or_hot":-1,"title":"Market Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Earnings","media":"Simply Wall St.","content":"<div>\n<p>With a price-to-earnings (or \"P/E\") ratio of 13.1x Pacific Basin Shipping Limited (HKG:2343) may be sending bearish signals at the moment, given that almost half of all companies in Hong Kong have P/E...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/transportation/hkg-2343/pacific-basin-shipping-shares/news/market-participants-recognise-pacific-basin-shipping-limited\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","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>Market Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Earnings</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\">\nMarket Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-24 13:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/transportation/hkg-2343/pacific-basin-shipping-shares/news/market-participants-recognise-pacific-basin-shipping-limited><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With a price-to-earnings (or \"P/E\") ratio of 13.1x Pacific Basin Shipping Limited (HKG:2343) may be sending bearish signals at the moment, given that almost half of all companies in Hong Kong have P/E...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/transportation/hkg-2343/pacific-basin-shipping-shares/news/market-participants-recognise-pacific-basin-shipping-limited\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02343","symbol_name":"太平洋航运","start_time":0,"source_url":"https://simplywall.st/stocks/hk/transportation/hkg-2343/pacific-basin-shipping-shares/news/market-participants-recognise-pacific-basin-shipping-limited","article_id":"2493681704","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3231000-choice1-main-header/1585186848989"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493681704","pubTimestamp":1735018814,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"With a price-to-earnings (or \"P/E\") ratio of 13.1x Pacific Basin Shipping Limited ( HKG:2343 ) may be sending bearish...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"02343":"太平洋航运"},"translate_title":"市场参与者认可太平洋航运集团(HKG：2343)的盈利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02343":1},"content_text":"With a price-to-earnings (or \"P/E\") ratio of 13.1x Pacific Basin Shipping Limited (HKG:2343) may be sending bearish signals at the moment, given that almost half of all companies in Hong Kong have P/E ratios under 9x and even P/E's lower than 5x are not unusual.  Although, it's not wise to just take the P/E at face value as there may be an explanation why it's as high as it is.     Pacific Basin Shipping hasn't been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average.   It might be that many expect the dour earnings performance to recover substantially, which has kept the P/E from collapsing.  If not, then existing shareholders may be extremely nervous about the viability of the share price.     See our latest analysis for Pacific Basin Shipping SEHK:2343 Price to Earnings Ratio vs Industry December 24th 2024 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Pacific Basin Shipping.  Is There Enough Growth For Pacific Basin Shipping?   The only time you'd be truly comfortable seeing a P/E as high as Pacific Basin Shipping's is when the company's growth is on track to outshine the market.   Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 75%.   As a result, earnings from three years ago have also fallen 57% overall.  Therefore, it's fair to say the earnings growth recently has been undesirable for the company.     Turning to the outlook, the next three years should generate growth of 32%  each year as estimated by the seven analysts watching the company.  That's shaping up to be materially higher than the 13% per annum growth forecast for the broader market.  In light of this, it's understandable that Pacific Basin Shipping's P/E sits above the majority of other companies.  It seems most investors are expecting this strong future growth and are willing to pay more for the stock.    The Key Takeaway  While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations.  As we suspected, our examination of Pacific Basin Shipping's analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E.  Right now shareholders are comfortable with the P/E as they are quite confident future earnings aren't under threat.  It's hard to see the share price falling strongly in the near future under these circumstances.      It's always necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Pacific Basin Shipping, and understanding these should be part of your investment process.   If P/E ratios interest you, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"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,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","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/2493681704"}