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Bank of Qingdao Co., Ltd. Class H
(3866)
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Rating:66Neutral
Price Target:
HK$5.00
â–²(30.89% Upside)
Action:Downgraded
Date:10/29/26
The score is primarily supported by attractive valuation (low P/E and solid dividend yield) and generally strong recent financial performance (improving profitability and strong TTM cash generation). Offsetting these positives are elevated balance-sheet leverage and weak near-term technical momentum (negative MACD, sub-50 RSI, and price below key short-term moving averages).
Positive Factors
Revenue and Profit Growth
Strong TTM revenue growth alongside higher net and operating margins indicates improving earnings power and business momentum. If this performance persists, it can strengthen the bank’s capacity to reinvest, absorb costs, and build profitability over the next several quarters.
Negative Factors
Higher Leverage
The sharp increase in debt-to-equity raises balance-sheet sensitivity to weaker operating conditions and leaves less flexibility if financial performance deteriorates. Higher leverage can also constrain capital allocation and make preserving stability more dependent on continued earnings strength.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
Strong TTM revenue growth alongside higher net and operating margins indicates improving earnings power and business momentum. If this performance persists, it can strengthen the bank’s capacity to reinvest, absorb costs, and build profitability over the next several quarters.
Read all positive factors
Bank of Qingdao Co., Ltd. Class H (3866) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$37.33B
Dividend Yield4.19%
Average Volume (3M)2.67M
Price to Earnings (P/E)6.6
Beta (1Y)0.43
Revenue Growth12.10%
EPS Growth27.44%
CountryHK
Employees5,571
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.99
Shares Outstanding2,291,945,600
10 Day Avg. Volume3,882,700
30 Day Avg. Volume2,668,231
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.49
Price to Sales (P/S)0.77
P/FCF Ratio2.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1
Revenue Forecast (FY)HK$15.82B
Bank of Qingdao Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Bank of Qingdao Co., Ltd. provides personal and corporate banking, and financial market services in the People’s Republic of China. It operates through Corporate Banking, Retail Banking, and Financial Market Business segments. The company offers d...
Bank of Qingdao Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
54
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.31B | 26.20B | 24.81B | 22.88B | 21.87B | 21.00B |
| Gross Profit | 12.63B | 11.52B | 12.27B | 11.03B | 10.33B | 10.44B |
| EBITDA | 7.43B | 6.69B | 5.59B | 4.50B | 3.68B | 3.72B |
| Net Income | 5.77B | 5.05B | 4.26B | 3.55B | 3.08B | 2.92B |
Balance Sheet | ||||||
| Total Assets | 874.11B | 815.31B | 689.96B | 607.99B | 529.61B | 522.25B |
| Cash, Cash Equivalents and Short-Term Investments | 40.74B | 64.78B | 67.18B | 46.98B | 38.33B | 60.47B |
| Total Debt | 269.27B | 253.26B | 99.75B | 89.56B | 75.13B | 92.20B |
| Total Liabilities | 828.59B | 773.43B | 645.06B | 568.05B | 493.02B | 488.92B |
| Stockholders Equity | 44.39B | 40.79B | 43.93B | 39.06B | 35.82B | 32.64B |
Cash Flow | ||||||
| Free Cash Flow | 60.08B | 6.83B | 22.58B | 9.73B | -2.17B | 2.38B |
| Operating Cash Flow | 60.58B | 7.20B | 22.95B | 10.14B | -1.67B | 3.01B |
| Investing Cash Flow | -59.59B | -34.55B | -13.28B | -17.05B | -10.27B | -4.45B |
| Financing Cash Flow | 25.57B | 21.56B | 5.83B | 10.99B | -19.45B | 15.03B |
Bank of Qingdao Co., Ltd. Class H Technical Analysis
Positive
3.82
Price Trends
5.01
Negative
4.80
Positive
4.49
Positive
Market Momentum
-0.05
Positive
52.89
Neutral
34.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3866, the sentiment is Positive. The current price of 3.82 is below the 20-day moving average (MA) of 4.90, below the 50-day MA of 5.01, and below the 200-day MA of 4.49, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 52.89 is Neutral, neither overbought nor oversold. The STOCH value of 34.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3866.
Bank of Qingdao Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$92.81B | 6.32 | 9.41% | 5.32% | 3.92% | 15.22% | |
69 Neutral | HK$62.71B | 3.36 | 10.23% | 6.37% | 1.22% | 10.58% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | HK$37.33B | 6.59 | 13.77% | 4.19% | 12.10% | 27.44% | |
65 Neutral | HK$40.47B | 6.65 | 10.47% | 6.14% | 10.30% | 13.19% | |
52 Neutral | HK$20.98B | 2.72 | 10.77% | 8.27% | 0.12% | 2.46% |
* Financial Sector Average
HK:3866
Bank of Qingdao Co., Ltd. Class H
4.93
0.84
20.48%
HK:3618
Chongqing Rural Commercial Bank Co
6.78
0.75
12.47%
HK:3698
Huishang Bank
4.52
1.39
44.34%
HK:9889
Dongguan Rural Commercial Bank Co Ltd Class H
3.05
-0.11
-3.43%
HK:1963
Bank of Chongqing Co., Ltd. Class H
8.26
0.74
9.91%
Bank of Qingdao Co., Ltd. Class H Corporate Events
Bank of Qingdao posts double-digit profit growth and stronger capital in Q3 2026
Oct 28, 2026
Bank of Qingdao reported strong financial performance for the first nine months of 2026, with operating income rising 14.78% year on year to RMB 12.63 billion and net profit attributable to shareholders up 15.67% to RMB 4.62 billion. Basic and dil...
Bank of Qingdao Raises RMB2.5 Billion via 2026 Financial Bonds
Oct 22, 2026
Bank of Qingdao Co., Ltd., a PRC-incorporated joint stock commercial bank with H shares listed in Hong Kong but not authorized to conduct banking business there, continues to deepen its funding access through the mainland interbank bond market. Op...
Bank of Qingdao sets October board meeting to approve Q3 results
Oct 15, 2026
Bank of Qingdao Co., Ltd. has scheduled a board meeting for 28 October 2026 to review and approve the third-quarter results for the nine months ended 30 September 2026 for the bank and its subsidiaries. The meeting underscores the upcoming disclos...
Bank of Qingdao Raises RMB500 Million to Finance Elderly Care Loans
Sep 22, 2026
Bank of Qingdao has completed the issuance of its second tranche of financial bonds for 2026 in China’s national interbank bond market, raising RMB500 million through three-year fixed-rate paper carrying a coupon of 1.59%. The targeted fundi...
Bank of Qingdao Raises RMB4.5 Billion in First 2026 Bond Connect Issue
Sep 17, 2026
Bank of Qingdao Co., Ltd., a mainland China joint stock commercial bank listed in Hong Kong via H shares, provides a range of banking services to retail and corporate clients, with a core focus on its home base in Qingdao and the wider Shandong re...
Bank of Qingdao Fine-Tunes Board Committee Memberships in Targeted Governance Shuffle
Aug 27, 2026
Bank of Qingdao has reshuffled the membership of several special committees under its ninth-session board of directors, signalling a targeted reallocation of expertise across key governance functions. The lender, which operates as a PRC joint stoc...
Bank of Qingdao Clarifies Board Structure and Committee Roles
Aug 27, 2026
Bank of Qingdao Co., Ltd., a joint stock commercial bank incorporated in the PRC and listed in Hong Kong under H share code 3866, operates mainly in Qingdao, Shandong Province, serving retail and corporate clients in mainland China. It is not an a...
Bank of Qingdao Publishes Reviewed 2026 Interim Results and Withholds Mid-Year Payout
Aug 27, 2026
Bank of Qingdao has released its unaudited interim results for the six months ended 30 June 2026, together with a full interim report prepared under both PRC and international accounting standards. The report has been reviewed by Ernst Young affi...
Bank of Qingdao Gains Regulatory Approval for New Employee Director
Aug 24, 2026
Bank of Qingdao has received regulatory approval from the Qingdao Bureau of the National Financial Regulatory Administration confirming the qualification of Mr. Liu Xiaoshu to serve as a director. Following this approval, he will assume the role o...
Bank of Qingdao Details Board and Committee Structure
Aug 24, 2026
Bank of Qingdao Co., Ltd., a joint stock commercial bank based in Qingdao, Shandong Province, operates primarily within mainland China and is listed in Hong Kong through H shares, though it is not authorized to carry on banking business in Hong Ko...
Bank of Qingdao Sets Board Meeting to Approve 2026 Interim Results
Aug 14, 2026
Bank of Qingdao Co., Ltd., a mainland Chinese commercial bank listed in Hong Kong via H shares, provides a range of banking services primarily within the People’s Republic of China. It is not supervised by the Hong Kong Monetary Authority an...
Bank of Qingdao Boosts Capital with RMB2 Billion Tier-Two Bond Issuance
Aug 13, 2026
Bank of Qingdao Co., Ltd., a PRC joint stock commercial bank whose H shares trade in Hong Kong, has reinforced its capital structure through a new issuance in the onshore bond market. The bank operates under mainland China’s regulatory frame...
Bank of Qingdao Gains Regulatory Nod for New Independent Director
Aug 12, 2026
Bank of Qingdao has received regulatory approval from the Qingdao Bureau of the National Financial Regulatory Administration confirming the qualification of Zhang Shixing as an independent non-executive director. With effect from 10 August 2026, Z...
Bank of Qingdao Sets Out Board Structure and Governance Committees
Aug 12, 2026
Bank of Qingdao Co., Ltd., a joint stock commercial bank based in Qingdao, Shandong Province, operates primarily within mainland China’s financial services sector and is listed in Hong Kong via H shares under stock code 3866. Despite its Hon...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.