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1 Comment
Bank of Qingdao Co., Ltd is currently in a long term downtrend where the price is trading 5.1% below its 200 day moving average.
From a valuation standpoint, the stock is 68.6% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.4.
Bank of Qingdao Co., Ltd's total revenue sank by 0.0% to $2B since the same quarter in the previous year.
Its net income has dropped by 0.0% to $338M since the same quarter in the previous year.
Finally, its free cash flow fell by 248.3% to $-50B since the same quarter in the previous year.
Based on the above factors, Bank of Qingdao Co., Ltd gets an overall score of 1/5.
| Sector | Financial Services |
|---|---|
| ISIN | CNE100003K38 |
| Industry | Banks-Regional |
| CurrencyCode | CNY |
| Exchange | SHE |
| Dividend Yield | 4.9% |
|---|---|
| Beta | 0.18 |
| Target Price | 4.21 |
| Market Cap | 17B |
| PE Ratio | 6.43 |
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, and long-term loans; conducts domestic and overseas settlements, as well as acceptance, discounting, and inter-bank discounting of notes; issues financial bonds; and operates as an agent in issuing, cash-in, and underwriting government and financial bonds. It also trades in government bonds, notes of central banks, financial and corporate bonds, mid-term notes, short-term financing coupons, and other bonds issued and circulated in the national interbank bond market; participates in interbank lending and borrowing, and interbank deposit businesses; and performs foreign exchange trading as an agent. In addition, the company provides bank cards, and letters of credit and guarantee; and receipt and payment, and insurance business agency services, as well as other agency services, including funds and sales of precious metals. Further, it engages in the bond settlement agency business and the fixed deposits business of commercial banks for cash management of central treasury; and provision of safe deposit box and wealth management services, as well as in the foreign exchange settlement and sales businesses. The company operates in-bank self-service banks; and self-service devices, including ATMs, self-service cash deposit and teller machines, and self-service terminals that provide various services, such as withdrawals, deposits, transfers, account enquiries, and payments. The company was formerly known as Qingdao City Commercial Bank Co., Ltd. and changed its name to Bank of Qingdao Co., Ltd. in 2008. Bank of Qingdao Co., Ltd. was founded in 1996 and is headquartered in Qingdao, the People's Republic of China.
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