Zhi Tong Cai Jing·2025-11-28 02:25Core Viewpoint - Pacific Shipping (02343) has seen a rebound of nearly 5%, with a current price of HKD 2.6 and a trading volume of HKD 15.77 million, following a series of share buybacks and positive market developments related to iron ore shipping [1] Group 1: Share Buybacks - On November 25, Pacific Shipping repurchased 2.74 million shares for HKD 7.09 million [1] - Since November 18, the company has conducted share buybacks for six consecutive days, totaling 24.31 million shares and an aggregate amount of HKD 63.28 million [1] - In 2023, the company has executed 41 buybacks, with a total expenditure of HKD 311 million [1] Group 2: Market Developments - The successful shipment of iron ore from the West Simandou project on November 11 marks the official commencement of operations for this project [1] - According to Guangfa Securities, the primary driver of demand for bulk shipping over the next 2-3 years will be iron ore, with significant contributions expected from the increase in shipping volumes and turnover [1] - The core catalyst for this demand surge is the commencement of shipments from the West Simandou iron ore project [1]