Haitong Securities (SHSE:600837) Is Reducing Its Dividend To CN¥0.10
Aug 05
Chinese (SSE) Capital Markets Industry Analysis
UpdatedAug 12, 2024
DataAggregated Company Financials
Companies60
- 7D-1.6%
- 3M-8.8%
- 1Y-22.1%
- YTD-9.9%
Over the last 7 days, the Capital Markets industry has dropped 1.6%, driven by declines in East Money InformationLtd and CITIC Securities of 3.0% and 1.7%, respectively. However, the industry is down 22% over the past year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Chinese Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 12 Aug 2024 | CN¥2.4t | CN¥489.9b | CN¥111.3b | 27.9x | 21.7x | 4.9x |
| Wed, 10 Jul 2024 | CN¥2.3t | CN¥489.9b | CN¥111.8b | 26.5x | 20.6x | 4.7x |
| Fri, 07 Jun 2024 | CN¥2.5t | CN¥489.9b | CN¥111.8b | 28.3x | 22.2x | 5.1x |
| Sun, 05 May 2024 | CN¥2.6t | CN¥483.9b | CN¥110.8b | 31.9x | 23.5x | 5.4x |
| Tue, 02 Apr 2024 | CN¥2.6t | CN¥511.3b | CN¥125.6b | 26.2x | 20.8x | 5.1x |
| Thu, 29 Feb 2024 | CN¥2.7t | CN¥517.7b | CN¥132.5b | 27.7x | 20.3x | 5.2x |
| Sat, 27 Jan 2024 | CN¥2.7t | CN¥519.2b | CN¥132.2b | 28.3x | 20.3x | 5.2x |
| Mon, 25 Dec 2023 | CN¥2.7t | CN¥521.1b | CN¥133.5b | 27.7x | 20.1x | 5.1x |
| Wed, 22 Nov 2023 | CN¥2.9t | CN¥521.7b | CN¥133.6b | 31.2x | 21.8x | 5.6x |
| Fri, 20 Oct 2023 | CN¥2.8t | CN¥527.8b | CN¥132.5b | 28.6x | 21.1x | 5.3x |
| Sun, 17 Sep 2023 | CN¥2.9t | CN¥511.2b | CN¥131.4b | 30.3x | 21.7x | 5.6x |
| Tue, 15 Aug 2023 | CN¥3.1t | CN¥535.3b | CN¥140.9b | 26.7x | 21.8x | 5.7x |
| Thu, 13 Jul 2023 | CN¥2.7t | CN¥535.1b | CN¥142.0b | 24x | 18.9x | 5x |
| Sat, 10 Jun 2023 | CN¥2.7t | CN¥534.1b | CN¥141.4b | 24.6x | 19.2x | 5.1x |
| Mon, 08 May 2023 | CN¥2.9t | CN¥543.8b | CN¥139.8b | 26.2x | 20.6x | 5.3x |
| Wed, 05 Apr 2023 | CN¥2.9t | CN¥543.2b | CN¥132.7b | 27.1x | 21.7x | 5.3x |
| Fri, 03 Mar 2023 | CN¥2.8t | CN¥549.8b | CN¥136.0b | 26.9x | 20.6x | 5.1x |
| Sun, 29 Jan 2023 | CN¥2.8t | CN¥547.6b | CN¥135.8b | 27.1x | 20.8x | 5.2x |
| Tue, 27 Dec 2022 | CN¥2.5t | CN¥549.8b | CN¥136.8b | 24.4x | 18.3x | 4.5x |
| Thu, 24 Nov 2022 | CN¥2.5t | CN¥547.7b | CN¥136.0b | 24.7x | 18.3x | 4.6x |
| Sat, 22 Oct 2022 | CN¥2.4t | CN¥586.9b | CN¥154.3b | 19.3x | 15.6x | 4.1x |
| Mon, 19 Sep 2022 | CN¥2.5t | CN¥587.2b | CN¥154.2b | 19.9x | 16.1x | 4.2x |
| Wed, 17 Aug 2022 | CN¥2.6t | CN¥608.0b | CN¥162.7b | 19.8x | 16.2x | 4.3x |
| Fri, 15 Jul 2022 | CN¥2.6t | CN¥607.8b | CN¥161.5b | 19.5x | 16.3x | 4.3x |
| Sun, 12 Jun 2022 | CN¥2.7t | CN¥611.6b | CN¥161.4b | 19.9x | 17x | 4.5x |
| Tue, 10 May 2022 | CN¥2.4t | CN¥612.5b | CN¥161.8b | 17.5x | 15.1x | 4x |
| Thu, 07 Apr 2022 | CN¥2.8t | CN¥648.7b | CN¥175.6b | 18.4x | 16.1x | 4.3x |
| Sat, 05 Mar 2022 | CN¥2.9t | CN¥626.3b | CN¥174.0b | 20x | 16.6x | 4.6x |
| Mon, 31 Jan 2022 | CN¥2.9t | CN¥620.8b | CN¥168.9b | 21.8x | 17.3x | 4.7x |
| Wed, 29 Dec 2021 | CN¥3.2t | CN¥609.9b | CN¥164.1b | 25.1x | 19.7x | 5.3x |
| Fri, 26 Nov 2021 | CN¥3.1t | CN¥578.9b | CN¥162.6b | 24.5x | 18.8x | 5.3x |
| Sun, 24 Oct 2021 | CN¥3.1t | CN¥566.4b | CN¥158.3b | 24x | 19.4x | 5.4x |
| Tue, 21 Sep 2021 | CN¥3.1t | CN¥563.8b | CN¥156.4b | 25.8x | 20x | 5.5x |
| Thu, 19 Aug 2021 | CN¥3.1t | CN¥563.9b | CN¥156.4b | 23.5x | 19.7x | 5.5x |
Price to Earnings Ratio
19.7x
Current Industry PE
- Investors are optimistic on the Chinese Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.6x which is higher than its 3-year average PE of 19.2x.
- The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 11% per year over the last three years,
- Revenues have also declined 4.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Chinese Financials industry?
| CN Market | -1.62% | |
| Financials | -1.63% | |
| Capital Markets | -1.56% | |
| Diversified Capital Markets | 0.27% | |
| Investment Banking and Brokerage | -1.45% | |
| Asset Management | -1.74% | |
| Financial Exchanges and Data | -2.56% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 35.7x.
- Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings decline of 18.7% per year.
- Investors are most pessimistic about the Diversified Capital Markets industry, which is trading below its 3-year average of 22.2x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Asset Management industry is expected to see its earnings grow by 9.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600958 Orient Securities | CN¥8.46 | 0.7% +CN¥507.7m | -21.5% | PE36.3x | |
| 000166 Shenwan Hongyuan Group | CN¥4.58 | 0.2% +CN¥250.4m | -7.1% | PE28.8x | |
| 601162 Tianfeng Securities | CN¥2.48 | 0.8% +CN¥172.0m | -33.9% | PS9.7x | |
| 000958 SPIC Industry-Finance Holdings | CN¥3.73 | 0.8% +CN¥161.5m | -16.0% | PE15.4x | |
| 000567 Hainan Haide Capital Management | CN¥5.35 | 1.5% +CN¥156.4m | -41.7% | PE11.4x |