HK Stock Market Move | Qingdao Port (06198) rose more than 4% in the final trading hours. The company's port throughput performance remained stable throughout the year, with relatively minimal impact from the higher tariffs imposed by the United States.

QINGDAO PORT (06198) rose more than 4% in the final trading session, by the time of publication, it had risen by 3.42% to HK$6.66, with a trading volume of HK$29.7476 million. UBS released a research report mentioning that QINGDAO PORT's stock price has rebounded by about 24% since the end of April, due to reasons such as stable port throughput performance (partly due to early shipments from China to the US) and a temporary easing of trade disputes. The bank predicts that QINGDAO PORT's container throughput in 2025 will increase by 1% annually or remain stable, surpassing the annual decline of 1% to 2% in China's coastal ports. This outstanding performance is attributed to QINGDAO PORT's higher exposure to intra-Asia trade, which is less affected by higher US tariffs. However, the bank believes that since the last profit revision, the fundamental outlook of QINGDAO PORT has not changed, as the US and China have significantly reduced mutual tariff rates and agreed to continue negotiations. The bank considers that the post-rise valuation of QINGDAO PORT stock is no longer attractive.