For its 1HFY2025 ended June, Pacific Radiance reported revenue of $24.37 million, up 27.9% y-o-y. Gross margins improved from 33.3% to 49.1%, as the company was able to gain efficiency in general and admin costs with a bigger scale while commanding higher charter rates.
Pacific Radiance reported revenue growth for 1HFY2025 that was below expectations but adjusted patmi was a beat, thanks to higher chartering fees.
With higher chartering rates and ship repair revenue seen, Paul Chew of PhillipCapital has maintained his "buy" call on this stock, along with a higher target price of 9.8 cents from 6 cents previously, as he gives a higher valuation multiple.
