智通财经网·2025-10-20 08:39Group 1 - Daiwa has raised Pacific Basin Shipping's (02343) earnings per share forecast for the next two years by 5% to 13%, reiterating a "Buy" rating due to low valuation and ongoing share buybacks [1] - The 12-month target price has been increased to HKD 3 from HKD 2.65, based on a price-to-book ratio of 1 times (previously 0.9 times) [1] - The company reported a 15% year-on-year decline in average net charter rates for Handysize vessels to USD 11,680 per day, while Supramax rates increased by 10% to USD 13,410 per day [1] Group 2 - Daiwa noted that China's announcement on October 10 to increase port fees for U.S. vessels could significantly impact the dry bulk market, as China accounts for 40% of global dry bulk imports in 2024 [2] - The increase in port fees is viewed as a positive factor for driving up dry bulk freight rates, and the company acknowledges the proactive measures taken to address the uncertain operating environment [2]