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Qingdao Port International Co Ltd Class H
(6198)
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Rating:80Outperform
Price Target:
HK$9.00
â–²(27.30% Upside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by strong financial quality—high margins and a conservatively financed balance sheet—tempered by less consistent cash-flow conversion. Technicals add support with price trading above key moving averages and moderate momentum. Valuation is also supportive with a reasonable P/E and a strong dividend yield.
Positive Factors
Strong Profitability
The company maintains high gross, operating, and net margins, indicating that its port and logistics services generate substantial earnings from revenue. These profitability levels provide resilience across the operating cycle and support continued investment in terminals, capacity, and service quality.
Negative Factors
Weak Cash Conversion
Although operating cash flow and free cash flow are positive, a smaller share of accounting profit is converting into free cash. The decline in conversion indicates that capital spending or working-capital needs are absorbing more internally generated earnings, limiting near-term flexibility for dividends or expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
The company maintains high gross, operating, and net margins, indicating that its port and logistics services generate substantial earnings from revenue. These profitability levels provide resilience across the operating cycle and support continued investment in terminals, capacity, and service quality.
Read all positive factors
Qingdao Port International Co Ltd Class H (6198) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$72.29B
Dividend Yield4.94%
Average Volume (3M)2.82M
Price to Earnings (P/E)12.5
Beta (1Y)0.57
Revenue Growth6.42%
EPS Growth-0.97%
CountryHK
Employees9,728
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.80
Shares Outstanding1,099,025,000
10 Day Avg. Volume1,936,426
30 Day Avg. Volume2,821,677
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.89
Price to Sales (P/S)2.16
P/FCF Ratio11.76
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)0.81
Revenue Forecast (FY)HK$20.06B
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...
Qingdao Port International Co Ltd Class H Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.91B | 18.81B | 18.94B | 18.17B | 19.26B | 16.79B |
| Gross Profit | 7.84B | 6.89B | 6.71B | 5.67B | 6.06B | 5.33B |
| EBITDA | 7.58B | 6.77B | 6.90B | 8.38B | 8.01B | 7.18B |
| Net Income | 5.21B | 5.27B | 5.23B | 4.92B | 4.53B | 3.98B |
Balance Sheet | ||||||
| Total Assets | 71.46B | 66.75B | 62.75B | 60.25B | 57.48B | 60.58B |
| Cash, Cash Equivalents and Short-Term Investments | 16.49B | 14.50B | 12.68B | 11.22B | 10.18B | 10.01B |
| Total Debt | 5.00B | 4.57B | 3.72B | 3.43B | 3.92B | 2.28B |
| Total Liabilities | 19.13B | 16.15B | 15.96B | 15.71B | 16.20B | 21.79B |
| Stockholders Equity | 47.66B | 45.73B | 42.49B | 40.28B | 37.40B | 34.92B |
Cash Flow | ||||||
| Free Cash Flow | 4.08B | 3.46B | 3.07B | 3.44B | 3.28B | 70.57M |
| Operating Cash Flow | 8.41B | 5.86B | 5.15B | 6.15B | 6.23B | 2.75B |
| Investing Cash Flow | -6.26B | -3.45B | -38.54M | -1.98B | -795.42M | 1.97B |
| Financing Cash Flow | -3.33B | -1.88B | -3.03B | -3.05B | -4.69B | -2.54B |
Qingdao Port International Co Ltd Class H Technical Analysis
Positive
7.07
Price Trends
7.45
Positive
7.07
Positive
7.03
Positive
Market Momentum
0.02
Positive
60.81
Neutral
34.69
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 below the 20-day moving average (MA) of 7.68, below the 50-day MA of 7.45, and above the 200-day MA of 7.03, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 60.81 is Neutral, neither overbought nor oversold. The STOCH value of 34.69 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$72.29B | 12.51 | 11.20% | 4.94% | 6.42% | -0.97% | |
78 Outperform | HK$70.48B | 10.56 | 5.93% | 4.40% | 13.52% | -4.91% | |
78 Outperform | HK$3.72B | 4.73 | 5.30% | 7.16% | -20.53% | 27.52% | |
78 Outperform | HK$22.19B | 12.01 | 7.95% | 4.91% | 8.94% | 10.38% | |
69 Neutral | HK$25.31B | 8.81 | 5.49% | 4.55% | 12.30% | -1.28% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$35.14B | 25.57 | 3.05% | 4.91% | 1.32% | -1.60% |
* Industrials Sector Average
HK:6198
Qingdao Port International Co Ltd Class H
7.89
1.17
17.34%
HK:0144
China Merchants Port Holdings Co
16.79
2.44
17.01%
HK:1199
COSCO SHIPPING Ports
6.30
0.86
15.81%
HK:2880
Liaoning Port Company Limited Class H
0.67
-0.19
-22.54%
HK:3382
Tianjin Port Development Holdings
0.61
-0.06
-8.89%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.70
-0.06
-2.04%
Qingdao Port International Co Ltd Class H Corporate Events
Qingdao Port Posts Steady Revenue Growth and Strong Cash Flow in Q3 2026
Oct 29, 2026
Qingdao Port International Co., Ltd. reported unaudited results for the nine months ended 30 September 2026, showing steady top-line expansion and resilient profitability. Operating revenue for the reporting period reached RMB 5.02 billion, up 4.4...
Qingdao Port International Joins USD30 Million Capital Boost for SPIL Holding
Oct 29, 2026
Qingdao Port International Co., Ltd. and several related entities, including Qingdao Port Logistics, Qingdao Port Hong Kong Company and Shandong Port Group, have agreed to inject a total of USD30 million in cash into SPIL Holding. The capital will...
Qingdao Port Sets 2027 Connected Deals With Shandong Port Group
Oct 29, 2026
Qingdao Port International Co., Ltd. has entered into a 2027 goods and services agreement with Shandong Port Group to regulate mutual purchases and sales of goods and services, as well as reciprocal asset leasing between the two parties. Given Sha...
Qingdao Port Reports Higher Cargo and Container Throughput for First Nine Months of 2026
Oct 29, 2026
Qingdao Port International Co., Ltd. reported that total cargo throughput reached 563.37 million tons for the nine months ended 30 September 2026, while container throughput rose to 27.54 million TEUs over the same period. These figures, covering ...
Qingdao Port Board Sets October Meeting to Approve Nine‑Month Results
Oct 16, 2026
Qingdao Port International Co., Ltd. is a joint stock company based in the People’s Republic of China that operates port and related logistics services in Qingdao. Listed on the Hong Kong Stock Exchange under stock code 06198, the company is...
Qingdao Port International Sells 55% Ark Intelligent Stake to Controlling Shareholder
Sep 21, 2026
Qingdao Port International Co., Ltd. has agreed to sell a 55% equity interest in its subsidiary Ark Intelligent to controlling shareholder Qingdao Port Group, in a cash transaction dated 21 September 2026. The deal values the transferred stake at ...
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...
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.