[ET Net News Agency, 1 March 2024] Daiwa lowered the target price for Pacific Basin
(02343) to HKD2.7 from HKD3.1 and maintained the "buy" rating.
The research house said it lowers 2024-25E EPS by 38-43% to reflect the
lower-than-expected 2023 results. The dry bulk market would recover significantly in 2Q24
after a low season to drive up the investment sentiment. (RC)