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Bank of Qingdao Co., Ltd is currently in a long term downtrend where the price is trading 0.2% below its 200 day moving average.
From a valuation standpoint, the stock is 88.5% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 1.7.
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 increased by 607.9% to $2B since the same quarter in the previous year.
Finally, its free cash flow fell by 249.0% to $-51B since the same quarter in the previous year.
Based on the above factors, Bank of Qingdao Co., Ltd gets an overall score of 2/5.
| CurrencyCode | HKD |
|---|---|
| Exchange | HK |
| ISIN | CNE100002391 |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | 24B |
|---|---|
| Beta | 0.66 |
| PE Ratio | 4.41 |
| Target Price | 3.1175 |
| Dividend Yield | 5.3% |
Bank of Qingdao Co., Ltd. provides various banking products and services in the People's Republic of China. The company operates through three segments: Retail Banking, Corporate Banking, and Financial Market Business. It provides deposits products; retail, corporate, and personal loans; discounted bills; short, mid, and long-term loans; domestic and overseas settlement products, as well as acceptance, discounting, and inter-bank discounting of notes; and financial bonds, as well as engages in issuing, cash-in, and underwriting government and financial bonds as agent and bank card business. The company also provides letter of credit and guarantee, and safe deposit box services; time deposits of commercial banks for cash management of central treasury; securities investment fund custody services; and corporate bonds. In addition, it engages in the foreign exchange settlement and sales; bond settlement agency; selling of public securities investment funds; ordinary derivatives trading business; interbank lending and borrowing and interbank deposit; and other businesses, as well as performs receipt and payment, and insurance agent business, as well as other agency services, including sales of precious metals. It operates through in-bank self-service banks; and self-service machines, including automated teller machines, cash recycling machines, self-service inquiry terminals and cash teller machine that provide various services, such as withdrawals, deposits, transfers, inquiries, 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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