Hong Kong-listed Pacific Andes wants to raise operating efficiency mainly through its Singapore-listed China Fishery subsidiary, which conducts its fishing and fishmeal operations, HSBC analyst Catherine Chao told IntraFish.
In addition, the company is looking to upgrade its fleet to produce surimi, which carries a higher average selling price, Chao said.
A boost in operating efficiency on a bigger level would also help leverage the overhead costs of its large factory in Qingdao, China, she said.
HSBC has lowered Pacific Andes International Holdings' (PAIH) earnings forecast for 2012 to 2013 to factor in deleveraging on some processing and distribution units.
HSBC
