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Qingdao Port International Co Ltd Class H (HK:6198)
:6198
Hong Kong Market
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Qingdao Port International Co Ltd Class H (6198) AI Stock Analysis

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HK:6198

Qingdao Port International Co Ltd Class H

(6198)

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Outperform 79 (OpenAI - Gpt-5.6Sol)
Rating:79Outperform
Price Target:
HK$8.00
â–²(13.15% Upside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by strong financial performance (high margins and low leverage), supported by favorable valuation (moderate P/E with a high dividend yield). Technicals add a modest positive tailwind with price above key moving averages and positive MACD, though elevated Stoch indicates momentum may be somewhat stretched near term.
Positive Factors
High and resilient profitability
Robust margins and consistently high net income indicate an economically attractive operating model. Sustained profitability gives the port greater capacity to fund maintenance, invest in terminals and withstand changes in cargo volumes.
Negative Factors
Weak cash conversion
Cash generation materially trails accounting profit, pointing to working-capital swings and/or significant ongoing investment requirements. If persistent, this could constrain distributions and reduce the flexibility implied by reported earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
High and resilient profitability
Robust margins and consistently high net income indicate an economically attractive operating model. Sustained profitability gives the port greater capacity to fund maintenance, invest in terminals and withstand changes in cargo volumes.
Read all positive factors

Qingdao Port International Co Ltd Class H (6198) vs. iShares MSCI Hong Kong ETF (EWH)

Qingdao Port International Co Ltd Class H Business Overview & Revenue Model

Company Description
Qingdao Port International Co., Ltd. serves as the operator for the significant Port of Qingdao. Its extensive business operations are categorized into six key segments: Container Handling, Bulk Cargo Handling (which includes metal ores, coal, and...
How the Company Makes Money
The company primarily makes money by charging customers for port and terminal services. Key revenue streams typically include: (1) Cargo handling and terminal service fees: charges for loading/unloading and handling cargo at terminals, which may v...

Qingdao Port International Co Ltd Class H Financial Statement Overview

Summary
Strong overall fundamentals supported by high profitability (TTM gross margin ~37.5%, net margin ~27.4%) and a conservatively levered balance sheet (TTM debt-to-equity ~0.10, ROE ~11–12%). The main offset is weaker cash-flow quality: operating cash flow trails earnings (coverage ~0.69x), free cash flow is ~0.51x of net income, and TTM free cash flow growth is negative (~-10.2%), alongside uneven revenue growth.
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
69
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue19.69B18.81B18.94B18.17B19.26B16.79B
Gross Profit7.38B6.89B6.71B5.67B6.06B5.33B
EBITDA7.12B6.74B6.70B8.38B8.01B7.16B
Net Income5.16B5.27B5.23B4.92B4.53B3.98B
Balance Sheet
Total Assets71.19B66.75B62.75B60.25B57.48B60.58B
Cash, Cash Equivalents and Short-Term Investments15.46B14.50B12.68B11.22B10.18B10.01B
Total Debt5.11B4.57B3.72B3.43B3.92B2.28B
Total Liabilities18.78B16.15B15.96B15.71B16.20B21.79B
Stockholders Equity47.19B45.73B42.49B40.28B37.40B34.92B
Cash Flow
Free Cash Flow2.65B3.46B3.07B3.44B3.28B70.57M
Operating Cash Flow6.76B5.86B5.15B6.15B6.23B2.75B
Investing Cash Flow-4.60B-3.45B-38.54M-1.98B-795.42M1.97B
Financing Cash Flow-3.44B-1.88B-3.03B-3.05B-4.69B-2.54B

Qingdao Port International Co Ltd Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price7.07
Price Trends
50DMA
6.83
Positive
100DMA
6.91
Positive
200DMA
6.89
Positive
Market Momentum
MACD
0.19
Negative
RSI
77.04
Negative
STOCH
72.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6198, the sentiment is Positive. The current price of 7.07 is above the 20-day moving average (MA) of 7.04, above the 50-day MA of 6.83, and above the 200-day MA of 6.89, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 77.04 is Negative, neither overbought nor oversold. The STOCH value of 72.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6198.

Qingdao Port International Co Ltd Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
HK$68.21B11.8911.20%5.18%6.42%-0.97%
78
Outperform
HK$69.64B10.435.93%4.45%13.52%-4.91%
78
Outperform
HK$3.78B4.815.30%7.04%-20.53%27.52%
78
Outperform
HK$21.90B12.047.95%5.50%8.94%10.38%
71
Outperform
HK$23.00B7.885.62%5.01%10.90%-1.55%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
HK$35.09B25.743.05%4.91%0.09%-21.20%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:6198
Qingdao Port International Co Ltd Class H
7.53
0.91
13.73%
HK:0144
China Merchants Port Holdings Co
16.59
1.97
13.45%
HK:1199
COSCO SHIPPING Ports
5.73
0.44
8.26%
HK:2880
Liaoning Port Company Limited Class H
0.67
-0.19
-21.73%
HK:3382
Tianjin Port Development Holdings
0.62
-0.05
-7.38%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.41
0.04
1.78%

Qingdao Port International Co Ltd Class H Corporate Events

Qingdao Port International Posts Higher Revenue and Margin Amid Asset Growth
Aug 28, 2026
Qingdao Port International Co., Ltd. reported interim results for the six months to 30 June 2026 showing revenue of RMB10.456 billion, up 10.8% year on year, while total profit was broadly flat at RMB3.924 billion. Net profit attributable to share...
Qingdao Port International Declares Interim Dividend and Details Withholding Tax Terms
Aug 28, 2026
Qingdao Port International Co., Ltd. has declared an interim ordinary dividend of RMB 1.399 per 10 shares for the six months ended 30 June 2026, equivalent to HKD 1.6168 per 10 shares, for the financial year ending 31 December 2026. The ex-dividen...
Qingdao Port Schedules Board Meeting to Approve 2026 Interim Results
Aug 18, 2026
Qingdao Port International Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The board will also consider the publication of these results, which w...
Qingdao Port Sets Final 2025 Dividend and Clarifies Withholding Tax for Offshore Investors
Jun 18, 2026
Qingdao Port International Co., Ltd., a major Chinese port operator with H shares traded in Hong Kong, provides port handling and logistics services that connect domestic and overseas markets. Its investor base includes both resident and non-resid...
Qingdao Port AGM Backs Dividend, Board Changes With Strong Shareholder Turnout
Jun 18, 2026
Qingdao Port International Co., Ltd. reported that its 2025 annual general meeting was duly convened in Qingdao on 18 June 2026, with all eight directors and key senior management in attendance. Shareholder participation was high, with about 83% o...
Qingdao Port International buys RMB65.5m assets from controlling shareholder
Jun 18, 2026
Qingdao Port International has agreed to purchase a package of port-related assets from its controlling shareholder Qingdao Port Group for RMB65.54 million, inclusive of tax. The price was set with reference to an independent valuation of RMB59.96...
Qingdao Port Sets Out Board Roles and Governance Structure
Jun 18, 2026
Qingdao Port International Co., Ltd. has disclosed the composition of its board of directors and detailed the allocation of roles across its governance committees. The announcement outlines the structure spanning executive, non-executive and indep...
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.Date of analysis: Aug 29, 2026