Core 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]

Core Viewpoint - Pacific Shipping (02343) has seen a rebound of nearly 5%, with a current price of 2.6 HKD and a trading volume of 15.77 million HKD, following a series of share buybacks and positive market developments related to iron ore shipping [1] Company Summary - On November 25, Pacific Shipping repurchased 2.74 million shares at a cost of 7.09 million HKD, continuing a trend of buybacks that has occurred for six consecutive days since November 18, totaling 24.31 million shares repurchased for a cumulative amount of 63.28 million HKD [1] - Year-to-date, the company has conducted 41 buybacks, amounting to a total of 311 million HKD [1] Industry Summary - The West Simandou project has officially commenced operations with the first shipment of iron ore on November 11, marking a significant development in the industry [1] - According to Guangfa Securities, the main driver of demand for bulk shipping over the next 2-3 years will be iron ore, with expectations of significant contributions to shipping volume and turnover from the increase in iron ore maritime transport, particularly due to shipments from the West Simandou project [1]