The Zhitong Finance App learned that J.P. Morgan Chase released a research report saying that the recent selling pressure of Pacific Shipping (02343.HK) seems to be overreacting compared to its fundamentals; reaffirming the “increase” rating, the target price was lowered from HK$3.2 to HK$2.7, which already reflects the prospects for TCE (equivalent benchmark income from fixed-term lease agreements) to remain flat and the fleet continues to grow.

The Zhitong Finance App learned that J.P. Morgan Chase released a research report saying that the recent selling pressure of Pacific Shipping (02343.HK) seems to be overreacting compared to its fundamentals; reaffirming the “increase” rating, the target price was lowered from HK$3.2 to HK$2.7, which already reflects the prospects for TCE (equivalent benchmark income from fixed-term lease agreements) to remain flat and the fleet continues to grow.