Qingdao Port International Co Ltd Class H (HK:6198)
:6198
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Qingdao Port International Co Ltd Class H
(6198)
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Rating:72Outperform
Price Target:
HK$7.50
â–²(6.08% Upside)
Action:ReiteratedDate:03/31/26
The score is driven primarily by solid financial quality (strong margins and low leverage) and attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak technical momentum (negative MACD, sub-50 RSI, and price below key moving averages) and some cash-flow and revenue softness.
Positive Factors
Strong Profitability
High and consistent margins (net ~28%, gross mid-30s) indicate durable operational efficiency and pricing power in terminal operations. Sustained profitability supports internal funding for maintenance capex, dividend distribution, and creates resilience against volume downturns over months.
Negative Factors
Top-line Weakness
Repeated revenue declines signal fragile demand for port throughput or unfavorable cargo mix. For a port operator, weaker or volatile cargo volumes compress growth opportunities and limit operating-leverage benefits, making multi-month revenue recovery uncertain without structural volume improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High and consistent margins (net ~28%, gross mid-30s) indicate durable operational efficiency and pricing power in terminal operations. Sustained profitability supports internal funding for maintenance capex, dividend distribution, and creates resilience against volume downturns over months.
Read all positive factors
Qingdao Port International Co Ltd Class H (6198) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$61.66B
Dividend Yield5.34%
Average Volume (3M)2.78M
Price to Earnings (P/E)7.9
Beta (1Y)0.42
Revenue Growth3.68%
EPS Growth7.86%
CountryHK
Employees9,552
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.18
Shares Outstanding1,099,025,000
10 Day Avg. Volume2,045,583
30 Day Avg. Volume2,779,126
Financial Highlights & Ratios
PEG Ratio-3.21
Price to Book (P/B)0.89
Price to Sales (P/S)2.22
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)0.87
Revenue Forecast (FY)HK$18.89B
Qingdao Port International Co Ltd Class H Business Overview & Revenue Model
Company Description
Qingdao Port International Co., Ltd. operates the Port of Qingdao. It operates through six segments: Container Handling and Ancillary Services; Metal Ores, Coal and Other Cargo Handling and Ancillary Services; Liquid Bulk Handling and Ancillary Se...
How the Company Makes Money
The company primarily makes money by charging fees for port and terminal services provided to shipping lines, cargo owners, freight forwarders, and logistics companies. Key revenue streams typically include (1) terminal handling and stevedoring ch...
Qingdao Port International Co Ltd Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.32B | 18.94B | 18.17B | 19.26B | 16.79B |
| Gross Profit | 6.54B | 6.71B | 5.67B | 6.06B | 5.33B |
| EBITDA | 6.74B | 6.70B | 8.38B | 8.01B | 7.16B |
| Net Income | 5.14B | 5.23B | 4.92B | 4.53B | 3.98B |
Balance Sheet | |||||
| Total Assets | 66.75B | 62.75B | 60.25B | 57.48B | 60.58B |
| Cash, Cash Equivalents and Short-Term Investments | 14.50B | 12.68B | 11.22B | 10.18B | 10.01B |
| Total Debt | 4.57B | 3.72B | 3.43B | 3.92B | 2.28B |
| Total Liabilities | 16.15B | 15.96B | 15.71B | 16.20B | 21.79B |
| Stockholders Equity | 45.73B | 42.49B | 40.28B | 37.40B | 34.92B |
Cash Flow | |||||
| Free Cash Flow | 3.46B | 3.07B | 3.44B | 3.28B | 70.57M |
| Operating Cash Flow | 5.86B | 5.15B | 6.15B | 6.23B | 2.75B |
| Investing Cash Flow | -3.45B | -38.54M | -1.98B | -795.42M | 1.97B |
| Financing Cash Flow | -1.88B | -3.03B | -3.05B | -4.69B | -2.54B |
Qingdao Port International Co Ltd Class H Technical Analysis
Positive
7.07
Price Trends
7.29
Negative
7.26
Negative
6.97
Positive
Market Momentum
-0.08
Negative
52.57
Neutral
60.97
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 7.10, below the 50-day MA of 7.29, and above the 200-day MA of 6.97, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 52.57 is Neutral, neither overbought nor oversold. The STOCH value of 60.97 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$65.82B | 5.50 | 6.63% | 5.72% | 9.00% | -4.33% | |
74 Outperform | HK$20.39B | 8.82 | 5.04% | 4.97% | 7.26% | 6.73% | |
72 Outperform | HK$61.66B | 7.92 | 11.78% | 5.34% | 3.68% | 7.86% | |
72 Outperform | HK$22.64B | 8.50 | 8.00% | 3.47% | 3.31% | 2.16% | |
67 Neutral | HK$4.18B | 6.18 | 4.48% | 6.69% | -0.49% | -8.15% | |
65 Neutral | HK$39.07B | 651.97 | 3.25% | 3.23% | -0.18% | 24.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
HK:6198
Qingdao Port International Co Ltd Class H
7.17
1.77
32.78%
HK:0144
China Merchants Port Holdings Co
15.68
4.32
38.02%
HK:1199
COSCO SHIPPING Ports
5.15
1.32
34.29%
HK:2880
Liaoning Port Company Limited Class H
0.87
0.22
34.67%
HK:3382
Tianjin Port Development Holdings
0.68
0.11
19.30%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.47
0.32
14.83%
Qingdao Port International Co Ltd Class H Corporate Events
Qingdao Port International Posts Stable 2025 Profit With Stronger Margins
Mar 27, 2026
Qingdao Port International Co., Ltd. reported steady earnings for 2025, with total profit rising 0.9% year on year to RMB7,129 million and net profit attributable to shareholders edging up 0.7% to RMB5,272 million. The overall gross profit margin ...
Qingdao Port International Announces 2025 Final Dividend and Tax Terms for Overseas Holders
Mar 27, 2026
Qingdao Port International Co., Ltd. has proposed a final ordinary cash dividend of RMB 1.988 per 10 shares for the financial year ended 31 December 2025, with payment scheduled for 28 August 2026, subject to shareholder approval. The dividend wil...
Qingdao Port Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
Qingdao Port International Co., Ltd. has scheduled a board meeting for 27 March 2026 to review and approve the audited annual results for the year ended 31 December 2025 and to consider their release to the market. The board will also deliberate o...
Qingdao Port Posts Stable 2025 Preliminary Earnings With Stronger Balance Sheet
Mar 16, 2026
Qingdao Port International Co., Ltd. reported largely stable preliminary results for 2025, with total operating revenue edging down 0.7% year-on-year to RMB 188.1 billion, while net profit attributable to shareholders rose 0.7% to RMB 52.7 billion...
Qingdao Port Tightens Control of Joint Venture Ganglianhai Logistics in Connected Deal
Jan 14, 2026
Qingdao Port International will consolidate Ganglianhai Logistics into its financial statements after amending the latter’s Articles of Association to strengthen control by its wholly owned unit, Qingdao Port Logistics. Although Qingdao Port...
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.