Stock Analysis: Pacific Radiance | Lianhe Zaobao

Pacific Radiance recommends buying, with a target price of 0.098 yuan and a closing price of 0.074 yuan (-3.90%). Revenue in the first half of this year was below expectations, reaching only 37% of the annual forecast, but net profit exceeded expectations, reaching 81% of the annual forecast. The company's earnings are stable, having secured long-term contracts in the UAE, and it is expected that the sale of two crew transport vessels in the second half of the year will contribute to profits. In the short term, there may be a slowdown due to delays in the construction of offshore wind farms in Taiwan, but strong demand is expected to rebound in 2027. Maintain a "buy" rating, with net profit forecast raised by 43% to 11 million USD