Zhi Tong Cai Jing·2026-03-05 05:52Core Viewpoint - Pacific Shipping (02343) experienced a decline of over 4%, with a current price of HKD 3.06 and a trading volume of HKD 64.69 million [1] Financial Performance - The company reported an annual revenue of USD 2.081 billion, a year-on-year decrease of 19% [1] - Shareholder profit attributable to the company was USD 58.2 million, down 56% year-on-year [1] - Basic earnings per share were HKD 0.089, with a proposed final dividend of HKD 0.06 per share [1] Share Buyback and Future Outlook - The company plans to repurchase up to USD 40 million of its own shares [1] - According to Daiwa's report, Pacific Shipping's 2025 earnings are expected to be below market expectations, indicating that the recent strong rebound in stock price may not be sustainable [1] - The management's commentary and forward contract rates suggest a relatively optimistic outlook for TCE this year; however, the expected daily net charter rates for 2026 are projected to be lower than those for 2025, indicating limited upside potential for TCE [1]