Morgan Stanley: Raises Pacific Shipping's (02343.HK) target price by 13%, reiterates "Overweight" rating.

According to the Zhitong Finance APP, JPMorgan has released a research report stating that it has raised the target price for Pacific Basin Shipping (02343.HK) by 13.2%, from HKD 3.80 to HKD 4.30, and reaffirmed its "Overweight" rating. Pacific Basin Shipping's performance in the first half of 2026 far exceeded expectations, with a post-tax net profit of USD 105 million (a year-on-year increase of 310%, and a half-year increase of 229%), surpassing market expectations by 67% and the bank's expectations by 80%. At the same time, the company announced an interim dividend of HKD 0.155 per share (an interim dividend yield of 4.6%, with a payout ratio of 97%).