Liaoning Port Company Limited Class H (HK:2880)
:2880
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Liaoning Port Company Limited Class H
(2880)
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Rating:65Neutral
Price Target:
HK$0.93
▲(11.45% Upside)
Action:DowngradedDate:03/27/26
The score is driven primarily by solid financial resilience—strong cash generation and low leverage—partly offset by weak revenue growth and modest ROE. Technical indicators are a meaningful drag (below key moving averages and negative MACD), while valuation is moderately supportive due to a mid-range P/E and a ~3% dividend yield.
Positive Factors
Cash generation
Operating cash flow covering operating profit by ~2.48x and robust free cash flow (~5.33B) indicate durable internal funding. This steady cash conversion supports maintenance capex, dividends and opportunistic investments, enhancing financial flexibility through cycles.
Negative Factors
Weak revenue trend
A multi-year flat-to-down revenue trend and TTM decline (~2.0%) point to limited volume or pricing growth in core port operations. Structural stagnation in throughput limits long-term earnings upside and places more reliance on margin improvements for profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Operating cash flow covering operating profit by ~2.48x and robust free cash flow (~5.33B) indicate durable internal funding. This steady cash conversion supports maintenance capex, dividends and opportunistic investments, enhancing financial flexibility through cycles.
Read all positive factors
Liaoning Port Company Limited Class H (2880) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$38.40B
Dividend Yield3.23%
Average Volume (3M)19.92M
Price to Earnings (P/E)652.0
Beta (1Y)0.64
Revenue Growth-0.18%
EPS Growth24.50%
CountryHK
Employees10,786
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.00
Shares Outstanding5,158,716,000
10 Day Avg. Volume6,968,140
30 Day Avg. Volume19,924,975
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)0.42
Price to Sales (P/S)1.53
P/FCF Ratio3.24
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)N/A
Revenue Forecast (FY)N/A
Liaoning Port Company Limited Class H Business Overview & Revenue Model
Company Description
Liaoning Port Co., Ltd., together with its subsidiaries, provides port and logistics services in Mainland China. The company offers oil/liquefied chemicals terminal and related logistics, and trading services for loading and discharging, storage, ...
How the Company Makes Money
The company primarily makes money by charging fees for port and terminal services. Key revenue streams typically include (1) cargo handling and terminal operations fees (e.g., loading/unloading, stevedoring, terminal handling for different cargo t...
Liaoning Port Company Limited Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.05B | 11.07B | 12.22B | 11.98B | 12.35B |
| Gross Profit | 3.10B | 2.38B | 3.39B | 3.10B | 3.83B |
| EBITDA | 4.77B | 4.58B | 4.79B | 4.76B | 5.52B |
| Net Income | 1.27B | 1.14B | 1.34B | 1.32B | 1.92B |
Balance Sheet | |||||
| Total Assets | 57.60B | 59.79B | 56.35B | 57.61B | 57.81B |
| Cash, Cash Equivalents and Short-Term Investments | 6.70B | 5.28B | 5.23B | 5.09B | 4.68B |
| Total Debt | 10.22B | 10.07B | 8.53B | 12.81B | 9.30B |
| Total Liabilities | 13.00B | 16.38B | 13.62B | 15.87B | 16.76B |
| Stockholders Equity | 40.36B | 39.80B | 39.60B | 38.65B | 37.95B |
Cash Flow | |||||
| Free Cash Flow | 5.23B | 3.65B | 2.67B | -21.57M | -1.43M |
| Operating Cash Flow | 5.71B | 4.29B | 3.34B | 3.41B | 3.82B |
| Investing Cash Flow | -543.41M | -221.38M | -349.15M | -3.10B | -2.69B |
| Financing Cash Flow | -3.79B | -4.02B | -3.03B | 286.46M | -3.86B |
Liaoning Port Company Limited Class H Technical Analysis
Negative
0.83
Price Trends
0.91
Negative
0.87
Negative
0.87
Positive
Market Momentum
-0.02
Positive
41.92
Neutral
35.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2880, the sentiment is Negative. The current price of 0.83 is below the 20-day moving average (MA) of 0.92, below the 50-day MA of 0.91, and below the 200-day MA of 0.87, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.92 is Neutral, neither overbought nor oversold. The STOCH value of 35.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2880.
Liaoning Port Company Limited Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$62.17B | 4.19 | 6.71% | 5.72% | 9.00% | -4.33% | |
74 Outperform | HK$20.55B | 8.82 | 5.04% | 4.97% | 7.26% | 6.73% | |
72 Outperform | HK$21.76B | 8.50 | 8.16% | 3.47% | 3.31% | 2.16% | |
72 Outperform | HK$61.07B | 7.92 | 11.78% | 5.34% | 3.68% | 7.86% | |
67 Neutral | HK$4.12B | 6.18 | 4.48% | 6.69% | -0.49% | -8.15% | |
65 Neutral | HK$38.40B | 651.97 | 3.74% | 3.23% | -0.18% | 24.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
HK:2880
Liaoning Port Company Limited Class H
0.87
0.25
41.00%
HK:0144
China Merchants Port Holdings Co
14.81
3.73
33.69%
HK:1199
COSCO SHIPPING Ports
5.19
1.44
38.51%
HK:3382
Tianjin Port Development Holdings
0.67
0.11
19.43%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.43
0.38
18.25%
HK:6198
Qingdao Port International Co Ltd Class H
6.98
1.62
30.22%
Liaoning Port Company Limited Class H Corporate Events
Liaoning Port Co. Reports 2025 Audited Results With Slight Asset Decline and Higher Cash
Mar 26, 2026
Liaoning Port Co., Ltd. reported its audited annual results for the year ended 31 December 2025, prepared under China Accounting Standards for Business Enterprises and reviewed by ShineWing Certified Public Accountants. The Group operates a substa...
Liaoning Port Names New Joint Company Secretaries After Waiver From HKEX Rules
Mar 26, 2026
Liaoning Port Co., Ltd. has appointed Mr. Qu Shaoyong and Mr. Leung Chi Kit as joint company secretaries, with Qu also serving as an authorized representative and process agent in Hong Kong following the earlier resignation of the previous company...
Liaoning Port Proposes Final 2025 Dividend of RMB 0.0286 Per Share
Mar 26, 2026
Liaoning Port Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.0286 per share for the financial year ended 31 December 2025, with the payment date set for 1 September 2026. The Hong Kong dollar equivalent, exchange rate, ex-dividend ...
Liaoning Port Updates on Bankruptcy Liquidation of DCT Logistics Subsidiary
Mar 23, 2026
Liaoning Port Co., Ltd. has announced progress in the bankruptcy liquidation of its subsidiary DCT Logistics Co., Ltd., in which it indirectly holds a 100% equity interest through wholly owned subsidiaries. The Dalian Economic and Technological De...
Liaoning Port Sets March 2026 Board Meeting to Approve 2025 Results and Dividend Plan
Mar 11, 2026
Liaoning Port Co., Ltd. has scheduled a board meeting for 26 March 2026 to review and consider approval of its annual results for the financial year ended 31 December 2025. The board will also deliberate on whether to recommend a final dividend, s...
Liaoning Port Details Over RMB1.3 Billion in Ongoing Lawsuits
Mar 5, 2026
Liaoning Port Co., Ltd., a major port operator in northeastern China, has disclosed an update on multiple legal proceedings affecting the group. The board reaffirmed responsibility for the accuracy and completeness of the announcement, and detaile...
Liaoning Port Remains Below Hong Kong’s Minimum Public Float Threshold
Mar 2, 2026
Liaoning Port Co., Ltd. has disclosed that the market value of its H shares held by the public stands at about HK$810 million, representing roughly 3.67% of the issued H share class. This remains below Hong Kong listing rules for minimum public fl...
Liaoning Port Faces Shortfall Under Hong Kong’s Tougher Public Float Rules
Feb 4, 2026
Liaoning Port Co., Ltd. has fallen short of new ongoing public float requirements introduced by the Hong Kong Stock Exchange from 1 January 2026, after amendments to the Listing Rules. While about 29% of its A and H shares are in public hands, the...
Liaoning Port Announces Wave of Senior Resignations and Moves to Restore HK Compliance
Jan 26, 2026
Liaoning Port Co., Ltd. has announced a series of senior management changes, including the resignation of board secretary and company secretary Wang Huiying, deputy general managers Li Guodong and Li Shuibo, and chief financial officer Tang Ming, ...
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.