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<Research>UBS Downgrades QINGDAO PORT (06198.HK) to Neutral as Valuation Becomes Less Attractive
QINGDAO PORT (06198.HK) has rebounded approx. 24% since the end of April, driven by stable port throughput (partly due to front-loading for US-China trade) and a temporary easing o...
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<Research>UBS Downgrades QINGDAO PORT (06198.HK) to Neutral as Valuation Becomes Less Attractive
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STOCK INFO

QINGDAO PORT (06198.HK)  +0.220 (+3.421%)    Short selling $1.30M; Ratio 3.436%   has rebounded approx. 24% since the end of April, driven by stable port throughput (partly due to front-loading for US-China trade) and a temporary easing of trade disputes, according to UBS' research report.

However, the broker believed that, since the last earnings revision, QINGDAO PORT's fundamentals have not changed. Both the US and China significantly reduced reciprocal tariff rates, and agreed to continue negotiations.

UBS considered the valuation of QINGDAO PORT less attractive after the share price rally, and thus downgraded QINGDAO PORT from Buy to Neutral.

The broker slightly cut its 12-month target price based on QINGDAO PORT's SOTP from $7.50 to $7.40, and downgraded its rating from Buy to Neutral.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 16:25.)

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