Date of Report: October 8, 2024
Broker Name: CGS-CIMB Securities

Company Overview

Qingdao Port International Co Ltd, listed on the Hong Kong Stock Exchange under the ticker symbol 6198, operates as a large-scale, integrated port services provider in China. The company plays a significant role in facilitating international trade and maritime logistics, handling various cargo types across its facilities.

Technical Buy Recommendation

CGS-CIMB has recommended Qingdao Port International Co Ltd as a “Technical Buy” due to its solid technical indicators and potential for upward price movement.

Key Entry and Target Prices:

• Entry Prices: 6.25, 5.50, 5.20
• Stop Loss: 5.08
• Target Prices:
  • Target 1: 6.60
  • Target 2: 7.10
  • Target 3: 8.60
  • Target 4: 9.40

Technical Indicators

1. Support and Resistance Levels:
   Qingdao Port International has established solid entry points at 6.25, 5.50, and 5.20, with a stop loss set at 5.08. The stock’s potential upside is indicated by its target price levels, with the highest target set at 9.40.

2. Bullish Outlook:
   The stock has demonstrated strong technical signals, indicating a potential for upward momentum. These bullish trends are supported by favorable market conditions and the company’s steady operational performance.

Conclusion

Qingdao Port International Co Ltd presents a solid technical buy opportunity, with multiple target price levels indicating significant upside potential. Its strong entry prices and defined stop-loss levels provide a balanced approach for investors looking to capitalize on the stock’s growth. The company’s strategic importance in China’s maritime trade further supports its long-term value.