Group 1 - The top short-selling ratios are led by China Resources Beer (80291) at 100.00%, Meituan (83690) at 93.03%, and CNOOC (80883) at 85.70% [1][2] - The highest short-selling amounts are recorded for Alibaba (09988) at 1.293 billion, Tencent (00700) at 1.242 billion, and Xiaomi (01810) at 1.084 billion [1][3] - The highest deviation values are noted for Far East Development (00035) at 56.81%, CNOOC (80883) at 55.68%, and Meituan (83690) at 52.53% [1][2] Group 2 - The top short-selling amount rankings show Alibaba at 1.293 billion with a short-selling ratio of 15.00%, Tencent at 1.242 billion with a ratio of 14.58%, and Xiaomi at 1.084 billion with a ratio of 16.39% [3] - The short-selling ratio rankings indicate that China Resources Beer has the highest ratio at 100.00%, followed by Meituan at 93.03%, and CNOOC at 85.70% [2] - The deviation values highlight that Far East Development has the highest deviation at 56.81%, followed by CNOOC at 55.68%, and Meituan at 52.53% [3]

智通财经APP获悉，摩根大通发布研报称，太平洋航运(02343)近期的沽压，相较其基本面而言似乎反应 过度;重申"增持"评级，目标价由3.2港元下调至2.7港元，已反映TCE(按期租合约对等基准收入)持平及 船队持续增长的前景。 该行认为，股价近期走弱基于多个因素，包括公司已完成回购计划、市场预期行业供应持续超越需求导 致明年前景疲弱、Caravel减慢收集股份步伐而缺乏可见的短期催化剂，以及年底获利回吐。不过，这 些因素并未有反映出公司的竞争地位或资产负债表出现恶化。 该行表示，虽然轻便型散货船需求增长正在放缓，但预计明年仍能保持2%同比正增长，将支持运力使 用率。另外，船队老化问题日益构成限制，目前有14%的轻便型船(Handysize)及12%的超灵便型船 (Supramax)船龄超过20年。一旦市场进一步转弱，供应端的反应将更具不对称性。该行认为，调整估值 及目标价后，风险回报比率已更为有利。 ...

Core Viewpoint - Morgan Stanley's report indicates that the recent selling pressure on Pacific Basin Shipping (02343) appears to be an overreaction relative to its fundamentals, reaffirming an "Overweight" rating with a target price adjusted from HKD 3.2 to HKD 2.7, reflecting stable TCE and ongoing fleet growth [1] Group 1: Stock Performance and Market Factors - The recent weakness in the stock price is attributed to several factors, including the completion of the company's buyback program, market expectations of supply continuing to outpace demand leading to a weak outlook for next year, and a slowdown in Caravel's share acquisition, resulting in a lack of visible short-term catalysts [1] - Year-end profit-taking is also noted as a contributing factor to the stock's decline [1] Group 2: Demand and Supply Dynamics - Although demand growth for Handysize bulk carriers is slowing, it is expected to maintain a positive growth rate of 2% year-on-year next year, which will support capacity utilization [1] - The aging fleet poses a growing constraint, with 14% of Handysize and 12% of Supramax vessels over 20 years old, indicating that a further market downturn could lead to asymmetric responses on the supply side [1] Group 3: Valuation and Risk-Reward Ratio - After adjusting the valuation and target price, the risk-reward ratio is now considered more favorable [1]

摩根大通认为，太平洋航运近期的沽压相较其基本面而言似乎反应过度；重申"增持"评级，目标价由 3.2港元下调至2.7港元，已反映TCE(按期租合约对等基准收入)持平及船队持续增长的前景。该行认 为，股价近期走弱基于多个因素，包括公司已完成回购计划、市场预期行业供应持续超越需求导致明年 前景疲弱、Caravel减慢收集股份步伐而缺乏可见的短期催化剂，以及年底获利回吐。不过，这些因素 并未有反映出公司的竞争地位或资产负债表出现恶化。 ...

香港联交所最新资料显示，12月11日，CARAVEL MARITIME VENTURES INC．增持太平洋航运 （02343）1368.1万股，每股作价为2.4387港元，总金额约为3336.39万港元。增持后最新持股数目约为 9.36亿股，持股比例为18.12%。 来源：新浪港股 ...

Company News - China Shenhua (01088.HK) reported coal sales of 389.5 million tons for the first 11 months, a decrease of 7.7% year-on-year. November sales were 37 million tons, down 3.6% year-on-year [1] - China Metallurgical Group (01618.HK) signed new contracts worth RMB 958.13 billion in the first 11 months, an 8.6% decrease year-on-year, with overseas contracts amounting to RMB 75 billion, a 0.4% increase year-on-year [1] - China Eastern Airlines (00670.HK) saw a 6.51% year-on-year increase in passenger capacity in November, with passenger turnover up 10.35% year-on-year and a seat load factor of 87.37%, up 3.04 percentage points year-on-year [1] - China Southern Airlines (01055.HK) reported an 8.68% year-on-year increase in passenger capacity in November, with passenger turnover up 10.42% year-on-year and a seat load factor of 86.29%, up 1.36 percentage points year-on-year [1] - New China Life Insurance (01336.HK) recorded cumulative original insurance premium income of RMB 188.85 billion for the first 11 months, a 16% year-on-year increase [1] - AOS Group (01161.HK) announced annual results for the year ending September 30, 2025, with revenue of approximately HKD 981 million, a decrease of 0.19% year-on-year, and a net profit of HKD 80.887 million, a 19% year-on-year increase [1] - Hopson Development Holdings (00754.HK) reported total contract sales of approximately RMB 14.27 billion for the first 11 months, an 8.91% decrease year-on-year [1] - Agile Group (01813.HK) had a pre-sale amount of RMB 511 million in November, a decrease of 21.4% year-on-year [1] - Galen Pharmaceuticals (01672.HK) is expected to become a best-in-class oral small molecule IL-17 inhibitor, with positive topline results from its Phase I study in the U.S. [1] - Bole Technology (02592.HK) submitted a new drug clinical trial application for CBT-199 to the U.S. FDA [1] - China Supply Chain Industry (03708.HK) signed a strategic cooperation framework agreement with Golden Energy regarding digital assets [1] - Times China Holdings (01233.HK) had its liquidation petition withdrawn [1] - Botai Car Union (02889.HK) received a first project designation notice from a leading domestic new energy vehicle client [1] Buyback Activities - Haijia Medical (06078.HK) plans to repurchase 10% of its issued shares, with a repurchase amount of no less than RMB 300 million [1] - Tencent Holdings (00700.HK) repurchased 1.051 million shares for HKD 636 million, with repurchase prices ranging from HKD 602.5 to HKD 608 [1] - Xiaomi Group (01810.HK) repurchased 7.2 million shares for HKD 302 million, with repurchase prices ranging from HKD 41.78 to HKD 42 [1] Share Cancellation - Pacific Shipping (02343.HK) canceled 23.739 million repurchased shares [2]

本交易涉及其他关联方：BANGA HARINDARPAL SINGH，BANGA INDRA，THE CARAVEL GROUP LTD.。 智通财经APP获悉，香港联交所最新资料显示，12月11日，CARAVEL MARITIME VENTURES INC.增 持太平洋航运(02343)1368.1万股，每股作价为2.4387港元，总金额约为3336.39万港元。增持后最新持股 数目约为9.36亿股，持股比例为18.12%。 ...

本交易涉及其他关联方：BANGA HARINDARPAL SINGH，BANGA INDRA，THE CARAVEL GROUP LTD.。 香港联交所最新资料显示，12月11日，CARAVEL MARITIME VENTURES INC.增持太平洋航运 (02343)1368.1万股，每股作价为2.4387港元，总金额约为3336.39万港元。增持后最新持股数目约为9.36 亿股，持股比例为18.12%。 ...

Core Viewpoint - Pacific Shipping (02343) has seen a decline of over 4%, currently trading at 2.35 HKD with a transaction volume of 78.39 million HKD [1] Group 1: Company Performance - The stock price of Pacific Shipping dropped by 4.08% [1] - The current trading price is 2.35 HKD [1] - The trading volume reached 78.39 million HKD [1] Group 2: Industry Trends - The Baltic Dry Index continued its downward trend, reaching a near one-month low [1] - The index fell by 89 points, or 3.88%, closing at 2205 points, marking the lowest level since November 17 [1] - The weekly decline of 15.9% represents the worst performance since January 20 [1]

太平洋航运(02343)发布公告，于2025年12月5日，该公司注销2373.9万股已回购股份。 ...