Morgan Stanley: Pacific Basin Shipping (02343.HK) management maintains an optimistic outlook; maintains "In-line with the Market" rating.

Zhitong Finance APP has learned that Morgan Stanley issued a research report maintaining a "Market Perform" rating on Pacific Basin Shipping (02343.HK) with a target price of HK$4.22. The bank noted that Pacific Basin Shipping's management remains optimistic about the outlook for the fourth quarter of this year and before 2027, and prefers spot exposure rather than locking in forward freight rates at a discount; the bank believes that if the current spot strength persists, the bank and the market may raise full-year earnings forecasts.