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Pacific Basin Shipping Set for Mid-Year Results Review
Pacific Basin (02343.HK) plans to hold a board of directors meeting on August 8th to approve its mid-term performance.
Pacific Basin (02343.HK) announced on July 25 that the company will hold a board of directors meeting on August 8, 2024. In addition to other matters, the meeting will consider and approve the mid-term performance of the company and its subsidiaries ending on June 30, 2024, as well as whether to distribute interim dividends.
PACIFIC BASIN: Date of Board Meeting
Pacific Basin (02343.HK) received a shareholding increase of 1.365 million shares from FMR LLC.
According to the latest equity disclosure information from the stock exchange, on July 18, 2024, Pacific Basin (02343.HK) received an increase in shareholding from FMR LLC at an average price of HKD 2.3489 per share, with a total investment of approximately HKD 3.2062 million, which acquired 1.365 million shares. After this increase in shareholding, FMR LLC now holds 525,921,780 shares, an increase from 9.99% to 10.01% of total shares held.
Pacific Basin (02343.HK) received a shareholding of 1.365 million common shares from FMR LLC, worth approximately 3.2062 million Hong Kong dollars.
On July 23rd, according to documents disclosed by the Hong Kong Stock Exchange, FMR LLC increased its shareholding of Pacific Basin (02343.HK) by purchasing 1.365 million ordinary shares at an average price of HKD 2.3489 per share, with a total value of approximately HKD 3.2062 million on July 18th. After the increase, FMR LLC's latest holdings reach 0.526 billion shares, and its ownership percentage went up from 9.99% to 10.01%. Source of the picture: Stock Equity Disclosure of the Stock Exchange. Why did the actor increase shares, but the shareholding proportion decreased? This may be because the listed company carried out a stock distribution increase issuance, leading to.
Hang Seng Index Company: Graham's investment philosophy may still be applicable to today's Hong Kong stock market.
Hang Seng Index Company stated that inspired by the investment philosophy of the “father of value investing”, Benjamin Graham, the company screened a basket of value stocks from the Hong Kong stock market (represented by the Hang Seng Composite Index) based on seven criteria for analysis, including quality, financial leverage, liquidity, earnings growth, P/E ratio, P/B ratio, and dividend payout. From a ten-year backtest perspective, the dynamic basket of value stocks (market cap weighted) outperformed the market by 8.6 percentage points in terms of annualized total return, indicating that Graham's investment philosophy may still be applicable to today's Hong Kong stock market and may produce positive results.
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