[ET Net News Agency, 14 May 2024] HSBC Global Research lowered the target price for
Pacific Basin (02343) to HKD2.55 from HKD2.60 and downgraded the rating to "reduce" from
"hold".
The research house said demand growth outpaced active capacity growth in the last four
quarters, but this could reverse in the rest of 2024e. (rc)