Pacific Basin Shipping is an investment holding company. Co.'s principal subsidiaries are engaged in the ownership and international operation of Handysize and Handymax dry bulk ships. In addition, Co. and its subsidiaries are engaged in the management and investment of its cash and deposits through its treasury activities. Co. and its subsidiaries have two reporting segments: Pacific Basin Dry Bulk and PB Towage. Co. and its subsidiaries are engaged in the provision of dry bulk shipping services internationally, and towage services to the harbour and offshore sectors in Australia and New Zealand.
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While Handysize vessels withstood the test of time as TCE earnings dipped only 3.0% (USD 280pd) to USD 9,080pd, Supramaxes faced the real punch as earnings dropped by 7.6% (USD 850pd) to USD 10,400pd in 1Q19 y/y. Cargoes for small carriers have been majorly impacted due to the distressed soybean trade led by the US-China trade dispute and indirect import restrictions on Australian coal at Chinese ports. Weakness in the first quarter will impact the 1H19 result but we expect a better 2H19 result as freight rates have picked up
Summary Marketline's Noble Century Investment Holdings Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Noble Century Investment Holdings Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to...
Pacific Basin posted net income of USD 46.3m over the past twelve months after incurring aggregate losses of ~USD 130m in the previous 2 years. Despite a decrease in the average number of vessels operated compared with 2017, the Time Charter Equivalent (TCE) revenue increased from USD 363m to USD 435m on the back of an increase in the daily average TCE rate for both its vessel classes – Handysizes and Supramaxes – and stable operating expenses of USD 3,810pd. Back-to-back net profits recorded in the past year have reinforced optimistic expectations for forthcoming quarters, and therefore, have...
The independent financial analyst theScreener just lowered the general evaluation of ZOETIS INCO. (US), active in the Pharmaceuticals industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date November 19, 2019, the closing price was USD 120.33 and its target price was estimated at USD 109.68.
The independent financial analyst theScreener just lowered the general evaluation of WSTN.MDSTM.PTNS.LP (US), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 19, 2019, the closing price was USD 17.84 and its target price was estimated at USD 16.95.
The independent financial analyst theScreener just awarded an improved star rating to VIPSHOP HOLDINGS LTD. (US), active in the Specialty Retailers industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date November 19, 2019, the closing price was USD 12.26 and its expected value was estimated at USD 10.57.
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