Bank of Qingdao Co., Ltd. Class H (HK:3866)
:3866
Want to see HK:3866 full AI Analyst Report?
Top Page
Bank of Qingdao Co., Ltd. Class H
(3866)
Select Model
Select Model
Rating:67Neutral
Price Target:
HK$5.50
▲(43.98% Upside)
Action:ReiteratedDate:03/28/26
The score is driven by very attractive valuation (low P/E and ~4% yield) and solid historical profitability, tempered by balance-sheet leverage and uneven/weaker recent cash-flow momentum. Technical indicators are neutral, offering limited confirmation either way.
Positive Factors
Margin Expansion
Margin improvement to the mid-teens by 2024 indicates sustained operating efficiency and improved lending/funding spreads. Durable margins enhance recurring earnings, provide a buffer versus credit volatility, and support internal capital generation and dividend capacity over the medium term.
Negative Factors
Elevated Leverage
High debt-to-equity and a notable 2025 debt increase raise balance-sheet vulnerability. Elevated leverage reduces capital cushions, amplifies sensitivity to credit losses and interest-rate moves, and constrains strategic flexibility for lending, provisioning, or absorbing shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
Margin improvement to the mid-teens by 2024 indicates sustained operating efficiency and improved lending/funding spreads. Durable margins enhance recurring earnings, provide a buffer versus credit volatility, and support internal capital generation and dividend capacity over the medium term.
Read all positive factors
Bank of Qingdao Co., Ltd. Class H (3866) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$36.40B
Dividend Yield4.45%
Average Volume (3M)13.27M
Price to Earnings (P/E)4.0
Beta (1Y)0.58
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees5,312
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.30
Shares Outstanding2,291,945,600
10 Day Avg. Volume4,312,850
30 Day Avg. Volume13,266,455
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 Target
HK$5.90Price Target Upside54.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.02
Revenue Forecast (FY)HK$15.75B
Bank of Qingdao Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Bank of Qingdao Co., Ltd. provides various banking products and services in the People's Republic of China. It operates through Retail Banking, Corporate Banking, and Financial Market segments. The company accepts deposits; provides short, mid, an...
How the Company Makes Money
The bank primarily makes money through (1) net interest income—earning interest on loans and other interest-earning assets and paying interest on deposits and other funding, with profit driven by loan/deposit volumes, pricing, and net interest mar...
Bank of Qingdao Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
58
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.16B | 26.20B | 24.81B | 22.88B | 21.87B | 21.00B |
| Gross Profit | 10.16B | 11.52B | 12.27B | 11.03B | 10.33B | 10.44B |
| EBITDA | 0.00 | 6.68B | 5.59B | 4.50B | 3.68B | 3.72B |
| Net Income | 4.69B | 5.05B | 4.26B | 3.55B | 3.08B | 2.92B |
Balance Sheet | ||||||
| Total Assets | 743.03B | 815.31B | 689.96B | 607.99B | 529.61B | 522.25B |
| Cash, Cash Equivalents and Short-Term Investments | 63.89B | 64.78B | 67.18B | 46.98B | 38.33B | 60.47B |
| Total Debt | 106.21B | 253.26B | 99.75B | 89.56B | 75.13B | 92.20B |
| Total Liabilities | 695.94B | 773.43B | 645.06B | 568.05B | 493.02B | 488.92B |
| Stockholders Equity | 46.08B | 40.79B | 43.93B | 39.06B | 35.82B | 32.64B |
Cash Flow | ||||||
| Free Cash Flow | 60.31B | 6.83B | 22.58B | 9.73B | -2.17B | 2.38B |
| Operating Cash Flow | 60.63B | 7.20B | 22.95B | 10.14B | -1.67B | 3.01B |
| Investing Cash Flow | -33.82B | -34.55B | -13.28B | -17.05B | -10.27B | -4.45B |
| Financing Cash Flow | -34.33B | 21.56B | 5.83B | 10.99B | -19.45B | 15.03B |
Bank of Qingdao Co., Ltd. Class H Technical Analysis
Positive
3.82
Price Trends
4.34
Positive
4.12
Positive
4.20
Positive
Market Momentum
0.03
Negative
52.42
Neutral
33.46
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 4.32, below the 50-day MA of 4.34, and below the 200-day MA of 4.20, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 52.42 is Neutral, neither overbought nor oversold. The STOCH value of 33.46 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$37.73B | 4.45 | 9.33% | 5.69% | 11.27% | 12.75% | |
68 Neutral | HK$16.27B | 7.00 | 7.72% | 3.57% | 4.05% | 13.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$36.40B | 3.97 | 12.57% | 4.45% | ― | ― | |
56 Neutral | HK$23.49B | 5.83 | 6.51% | 7.99% | -8.83% | -16.92% | |
46 Neutral | HK$16.16B | -6.21 | 3.77% | 1.89% | ― | ― |
* Financial Sector Average
HK:3866
Bank of Qingdao Co., Ltd. Class H
5.15
1.64
46.64%
HK:9889
Dongguan Rural Commercial Bank Co Ltd Class H
3.41
0.46
15.67%
HK:1963
Bank of Chongqing Co., Ltd. Class H
8.29
0.91
12.27%
HK:6196
Bank of Zhengzhou Co., Ltd. Class H
1.02
0.14
15.52%
HK:9677
Weihai City Commercial Bank Co., Ltd. Class H
2.72
-0.16
-5.56%
Bank of Qingdao Co., Ltd. Class H Corporate Events
Bank of Qingdao Delivers Strong Profit and Asset Growth in Q1 2026
Apr 28, 2026
Bank of Qingdao reported solid growth for the first quarter of 2026, with operating income rising 7.43% year-on-year to RMB 4.34 billion and net profit attributable to shareholders increasing 21.16% to RMB 1.52 billion. Basic and diluted earnings ...
Bank of Qingdao Schedules Board Meeting to Approve Q1 2026 Results
Apr 15, 2026
Bank of Qingdao has scheduled a board meeting for 28 April 2026 to review and approve the first-quarter results for the period ended 31 March 2026, as well as to consider other unspecified matters. The upcoming meeting signals the start of the ban...
Bank of Qingdao Replaces Independent Director Candidate After Resignation
Mar 26, 2026
Bank of Qingdao announced a board-level change as its previously approved candidate for independent non-executive director, Mr. Wang Zhuquan, has resigned from the role due to personal work commitments before formally taking office. The bank stres...
Bank of Qingdao Outlines Board Composition and Committee Structure
Mar 26, 2026
Bank of Qingdao has announced the current composition of its board of directors, comprising executive, non-executive and independent non-executive members, with Chairman Jing Zailun leading the board. The disclosure clarifies that the bank operate...
Bank of Qingdao Lifts 2025 Profit 22% on Strong Interest Income, Raises Dividend
Mar 26, 2026
Bank of Qingdao reported solid audited results for 2025, with net profit attributable to shareholders rising 21.66% year on year to RMB5.19 billion, driven primarily by an increase of 12.11% in net interest income to RMB11.07 billion. Basic and di...
Bank of Qingdao Proposes Final 2025 Cash Dividend for H-Share Investors
Mar 26, 2026
Bank of Qingdao has proposed a final ordinary cash dividend of RMB 1.8 per 10 shares for the financial year ended 31 December 2025, subject to shareholder approval on 28 May 2026. The dividend, with Hong Kong dollar equivalent, exchange rate, and ...
Bank of Qingdao Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
Bank of Qingdao has scheduled a board meeting for 26 March 2026 to review and approve the annual results of the bank and its subsidiaries for the financial year ended 31 December 2025, and to decide on the publication of those results. The board 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.