Zhi Tong Cai Jing·2025-10-21 01:50Core Viewpoint - Bank of America Securities has raised the earnings per share forecast for Pacific Basin Shipping (02343) by an average of 7% for 2025 to 2027, reflecting strong performance in the spot market in Q4 of this year, while maintaining a "Neutral" rating due to reasonable valuation levels and uncertain prospects for the dry bulk market in 2026 [1] Group 1: Earnings Forecast and Valuation - The average earnings per share forecast for Pacific Basin Shipping has been increased by 7% for the years 2025 to 2027 [1] - The target price for the company has been raised from HKD 2.4 to HKD 2.75 [1] Group 2: Market Performance - The third quarter performance of Pacific Basin Shipping was generally in line with expectations, with slightly weak freight rates during the period [1] - However, there has been an improvement in locked-in freight rates for Q4 [1] Group 3: Regulatory Environment - The company believes it should be exempt from paying port fees in the US and China, but there remains uncertainty in the regulatory environment [1] - Further discussions between the company and regulatory authorities are needed to assess whether this risk has been eliminated [1]