FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 確認 不適用 表格類別： 股票 狀態： 新提交 公司名稱： 太平洋航運集團有限公司 (僅供識別) 呈交日期： 2025年9月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02343 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事 ...

Core Viewpoint - Morgan Stanley initiates coverage on Pacific Basin Shipping (02343) with an "Overweight" rating and a target price of HKD 3.2, citing potential demand recovery by 2026 despite short-term TCE price pressure due to U.S. tariffs [1] Group 1: Market Dynamics - U.S. tariffs are prompting early shipments, which may pressure TCE prices in the second half of the year [1] - A restocking cycle and a rebound in small bulk demand driven by the construction industry are expected to support demand recovery by 2026 [1] - Global fleet expansion is slowing to approximately 3%, with an increase in the scrapping of older vessels due to aging [1] Group 2: Company Positioning - The company's positioning in the small vessel segment is defensive, benefiting from a diverse cargo mix and flexible port access [1] - Stable fuel costs are expected to enhance profit visibility for the company [1] - The impact of disruptions in the Red Sea on bulk shipping is minimal, with only about 3% of dry bulk passing through the region, significantly lower than oil and refined products [1] Group 3: Competitive Analysis - The company is viewed more favorably than Cosco Shipping Energy (600026) (01138) in the dry bulk and tanker segments due to lower exposure to geopolitical risks and stable capital expenditures [1] - The company's exposure to U.S. Section 301 tariff risks is limited, further enhancing its competitive position [1]

Core Viewpoint - Morgan Stanley initiates coverage on Pacific Basin Shipping (02343) with an "Overweight" rating and a target price of HKD 3.2, citing potential demand recovery by 2026 despite short-term pressure on TCE prices due to U.S. tariffs [1] Company Analysis - The company is positioned defensively in the small vessel segment, benefiting from a diverse cargo mix and flexible port access, which enhances profitability visibility [1] - Fuel cost stability is expected to further improve profit visibility for the company [1] - The company is less affected by disruptions in the Red Sea, with only about 3% of dry bulk passing through the region, significantly lower than the 10% for crude oil and 15% for refined products [1] Industry Insights - The global fleet expansion rate has slowed to approximately 3%, and the aging fleet is leading to an increase in the scrapping of old vessels [1] - The company is viewed more favorably than Cosco Shipping Energy (01138) due to lower exposure to geopolitical risks, stable capital expenditures, and limited exposure to U.S. Section 301 tariff risks [1]

Summary of Key Points Core Viewpoint - On September 17, 28 Hong Kong-listed companies conducted share buybacks, totaling 16.7684 million shares and an aggregate amount of HKD 649 million [1][2]. Group 1: Share Buyback Details - Tencent Holdings repurchased 839,000 shares for HKD 551 million, with a highest price of HKD 663.50 and a lowest price of HKD 645.50, bringing its total buyback amount for the year to HKD 52.707 billion [1][2]. - Hang Seng Bank repurchased 200,000 shares for HKD 23.8014 million, with a highest price of HKD 119.30 and a lowest price of HKD 118.40, totaling HKD 793 million in buybacks for the year [1][2]. - Pacific Shipping repurchased 6 million shares for HKD 14.9526 million, with a highest price of HKD 2.52 and a lowest price of HKD 2.45, accumulating HKD 203 million in buybacks for the year [1][2]. Group 2: Ranking of Buybacks - The highest buyback amount on September 17 was from Tencent Holdings at HKD 551 million, followed by Hang Seng Bank at HKD 23.8014 million [1][2]. - In terms of share quantity, Pacific Shipping led with 6 million shares repurchased, followed by Linklogis Technology and Weigao Group with 2.3 million and 1.9548 million shares, respectively [1][2]. Group 3: Additional Buyback Information - Other notable companies involved in buybacks include Weigao Group, MGM China, and Jitu Express, with respective buyback amounts of HKD 11.4255 million, HKD 7.873 million, and HKD 7.8348 million [2][3]. - The buyback activity reflects a strategic move by these companies to enhance shareholder value amid market conditions [1][2].

Summary of Key Points Core Viewpoint - Multiple companies, including Tencent Holdings and Hang Seng Bank, conducted share buybacks on September 17, 2025, with Tencent leading in both the number of shares repurchased and the total amount spent. Group 1: Company Buyback Details - Tencent Holdings (00700) repurchased 839,000 shares for a total of 551 million, with a year-to-date total of 58.158 million shares, representing 0.633% of its total share capital [1][2] - Hang Seng Bank (00011) repurchased 200,000 shares for 23.8014 million, with a year-to-date total of 6.93 million shares, representing 0.368% of its total share capital [2] - Pacific Shipping (02343) repurchased 6 million shares for 14.9526 million, with a year-to-date total of 41.006 million shares, representing 0.798% of its total share capital [2] - Weigao Group (01066) repurchased 1.9548 million shares for 11.4255 million, with a year-to-date total of 14.2136 million shares, representing 3.148% of its total share capital [2] - MGM China (02282) repurchased 502,000 shares for 7.873 million, with a year-to-date total of 2.23295 million shares, representing 0.587% of its total share capital [2] Group 2: Other Notable Buybacks - Jitu Express-W (01519) repurchased 870,000 shares for 7.8348 million, with a year-to-date total of 870,000 shares, representing 0.010% of its total share capital [2] - Linkage Technology-W (09959) repurchased 2.3 million shares for 7.4586 million, with a year-to-date total of 19.9075 million shares, representing 0.932% of its total share capital [2] - Mengniu Dairy (02319) repurchased 200,000 shares for 3.074 million, with a year-to-date total of 10.816 million shares, representing 0.276% of its total share capital [2] - China Hongqiao (01378) repurchased 112,500 shares for 2.822 million, with a year-to-date total of 150 million shares, representing 1.610% of its total share capital [2] - Coolpad Group (02369) repurchased 1.348 million shares for 1.8057 million, with a year-to-date total of 23.095 million shares, representing 5.639% of its total share capital [2]

Group 1 - The core point of the article is that Pacific Shipping has been actively repurchasing its shares, with a total of 1.09 million shares repurchased this year, amounting to 203 million HKD [2][3] - On September 17, the company repurchased 6 million shares at a price range of 2.450 to 2.520 HKD, totaling 14.95 million HKD [2][3] - Since September 12, the company has conducted share buybacks for four consecutive days, repurchasing a total of 15.93 million shares and spending 39.33 million HKD, during which the stock price increased by 4.12% [2][3] Group 2 - The stock closed at 2.530 HKD on the day of the latest buyback, reflecting a 2.43% increase [2] - The company has conducted 28 buybacks this year, with a cumulative repurchase amount of 203 million HKD [3] - Detailed buyback data shows the highest price during the latest buyback was 2.520 HKD and the lowest was 2.450 HKD [3][4]

Core Viewpoint - Pacific Shipping (02343.HK) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Buyback Details - The company plans to repurchase 6 million shares at a total cost of HKD 14.95 million [1] - The buyback price per share is set between HKD 2.45 and HKD 2.52 [1] - The buyback is scheduled for September 17, 2025 [1]

Core Viewpoint - Pacific Shipping (02343) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Summary by Category Company Actions - The company plans to repurchase 6 million shares at a total cost of HKD 14.95 million [1] - The buyback price per share ranges from HKD 2.45 to HKD 2.52 [1] Financial Implications - The total expenditure for the buyback represents a strategic investment in the company's own equity, potentially enhancing shareholder value [1]

Group 1 - The company, Pacific Shipping (02343), announced a share buyback plan on September 17, 2025, involving an expenditure of HKD 14.95 million to repurchase 6 million shares [1] - The buyback price per share is set between HKD 2.45 and HKD 2.52 [1]

呈交日期： 2025年9月17日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 太平洋航運集團有限公司 (僅供識別) FF305 確認 不適用 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02343 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股 ...