We Think That There Are More Issues For Pacific Basin Shipping (HKG:2343) Than Just Sluggish Earnings
Mar 27
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Hong Kong (HSI) Marine and Shipping Industry Analysis
UpdatedApr 07, 2026
DataAggregated Company Financials
Companies15
- 7D1.1%
- 3M13.5%
- 1Y53.9%
- YTD11.2%
In the last week, Marine and Shipping has been flat. As for the the longer term, the industry is up 36% over the past 12 months. Looking forward, earnings are forecast to decline by 20% per year.
Industry Valuation and Performance
Has the Hong Kong Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Apr 2026 | HK$473.9b | HK$389.1b | HK$60.1b | 9.7x | 7.9x | 1.2x |
| Thu, 05 Mar 2026 | HK$499.7b | HK$406.3b | HK$79.9b | 5.8x | 6.3x | 1.2x |
| Sat, 31 Jan 2026 | HK$441.3b | HK$405.9b | HK$79.8b | 5.6x | 5.5x | 1.1x |
| Mon, 29 Dec 2025 | HK$441.9b | HK$401.9b | HK$79.1b | 5x | 5.6x | 1.1x |
| Wed, 26 Nov 2025 | HK$429.9b | HK$399.5b | HK$78.6b | 5.5x | 5.5x | 1.1x |
| Fri, 24 Oct 2025 | HK$440.6b | HK$414.2b | HK$91.1b | 7.2x | 4.8x | 1.1x |
| Sun, 21 Sep 2025 | HK$453.0b | HK$414.8b | HK$91.2b | 8.1x | 5x | 1.1x |
| Tue, 19 Aug 2025 | HK$456.9b | HK$413.8b | HK$93.9b | 7.3x | 4.9x | 1.1x |
| Thu, 17 Jul 2025 | HK$439.7b | HK$414.7b | HK$92.3b | 6.7x | 4.8x | 1.1x |
| Sat, 14 Jun 2025 | HK$454.8b | HK$414.5b | HK$92.3b | 5.7x | 4.9x | 1.1x |
| Mon, 12 May 2025 | HK$398.9b | HK$409.3b | HK$91.2b | 6.3x | 4.4x | 1x |
| Wed, 09 Apr 2025 | HK$347.0b | HK$394.9b | HK$85.0b | 5.7x | 4.1x | 0.9x |
| Fri, 07 Mar 2025 | HK$367.7b | HK$351.6b | HK$57.1b | 7.5x | 6.4x | 1x |
| Sun, 02 Feb 2025 | HK$376.5b | HK$351.1b | HK$56.9b | 7.5x | 6.6x | 1.1x |
| Tue, 31 Dec 2024 | HK$413.9b | HK$348.2b | HK$56.4b | 6.9x | 7.3x | 1.2x |
| Thu, 28 Nov 2024 | HK$376.1b | HK$351.0b | HK$56.9b | 8.1x | 6.6x | 1.1x |
| Sat, 26 Oct 2024 | HK$403.4b | HK$313.9b | HK$40.2b | 8x | 10x | 1.3x |
| Mon, 23 Sep 2024 | HK$364.3b | HK$316.8b | HK$40.5b | 7.6x | 9x | 1.1x |
| Wed, 21 Aug 2024 | HK$347.4b | HK$303.0b | HK$41.2b | 11.3x | 8.4x | 1.1x |
| Fri, 19 Jul 2024 | HK$365.3b | HK$299.7b | HK$41.1b | 13.2x | 8.9x | 1.2x |
| Sun, 16 Jun 2024 | HK$416.4b | HK$299.8b | HK$41.0b | 14.3x | 10.2x | 1.4x |
| Tue, 14 May 2024 | HK$405.2b | HK$300.4b | HK$41.1b | 13.8x | 9.9x | 1.3x |
| Thu, 11 Apr 2024 | HK$301.3b | HK$300.2b | HK$41.6b | 11x | 7.2x | 1x |
| Sat, 09 Mar 2024 | HK$316.0b | HK$378.4b | HK$85.0b | 9x | 3.7x | 0.8x |
| Mon, 05 Feb 2024 | HK$287.8b | HK$387.0b | HK$91.0b | 6.5x | 3.2x | 0.7x |
| Wed, 03 Jan 2024 | HK$295.4b | HK$388.3b | HK$91.2b | 6.5x | 3.2x | 0.8x |
| Fri, 01 Dec 2023 | HK$275.9b | HK$385.3b | HK$90.9b | 5.6x | 3x | 0.7x |
| Sun, 29 Oct 2023 | HK$276.0b | HK$447.7b | HK$119.1b | 5.9x | 2.3x | 0.6x |
| Tue, 26 Sep 2023 | HK$291.4b | HK$447.8b | HK$119.1b | 6.1x | 2.4x | 0.7x |
| Thu, 24 Aug 2023 | HK$288.0b | HK$516.8b | HK$149.9b | 6.4x | 1.9x | 0.6x |
| Sat, 22 Jul 2023 | HK$304.3b | HK$584.1b | HK$196.1b | 6.2x | 1.6x | 0.5x |
| Mon, 19 Jun 2023 | HK$302.0b | HK$587.2b | HK$197.1b | 4.1x | 1.5x | 0.5x |
| Wed, 17 May 2023 | HK$348.1b | HK$597.1b | HK$199.8b | 4.1x | 1.7x | 0.6x |
| Fri, 14 Apr 2023 | HK$363.9b | HK$669.4b | HK$224.8b | 4.1x | 1.6x | 0.5x |
Price to Earnings Ratio
1.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Shipping industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 7.9x which is higher than its 3-year average PE of 5.3x.
- The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have declined 36% per year over the last three years,
- Revenues have also declined 17% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 1.56% | |
| Industrials | 1.84% | |
| Marine and Shipping | 1.11% | |
| Marine | 1.11% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$15.14 | 1.6% +HK$3.6b | 48.4% | PE6.5x | |
| 1308 SITC International Holdings | HK$34.52 | 1.3% +HK$1.2b | 98.8% | PE9.7x | |
| 2343 Pacific Basin Shipping | HK$2.94 | 2.8% +HK$408.7m | 94.7% | PE32.9x | |
| 2510 T.S. Lines | HK$8.04 | 0.9% +HK$116.6m | 65.4% | PE5.2x | |
| 2409 Seacon Shipping Group Holdings | HK$4.19 | 1.9% +HK$40.0m | -7.1% | PE7.4x |