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Hong Kong (HSI) Market Analysis & Valuation

UpdatedSep 21, 2023
DataAggregated Company Financials
Companies2363
  • 7D0.4%
  • 3M-6.2%
  • 1Y-1.5%
  • YTD-9.0%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 5.0% in that time. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Market Valuation and Performance

Has the Hong Kong Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Sep 2023HK$39.9tHK$45.1tHK$3.4t9.2x11.6x0.9x
Sat, 19 Aug 2023HK$39.8tHK$45.3tHK$3.6t9.5x11x0.9x
Mon, 17 Jul 2023HK$42.3tHK$46.1tHK$3.7t9.5x11.5x0.9x
Wed, 14 Jun 2023HK$41.4tHK$45.5tHK$3.4t9.7x12.1x0.9x
Fri, 12 May 2023HK$44.5tHK$47.4tHK$3.8t9.8x11.8x0.9x
Sun, 09 Apr 2023HK$44.1tHK$47.8tHK$3.9t9.7x11.3x0.9x
Tue, 07 Mar 2023HK$44.4tHK$47.3tHK$4.2t9x10.6x0.9x
Thu, 02 Feb 2023HK$45.6tHK$48.4tHK$4.3t9.1x10.6x0.9x
Sat, 31 Dec 2022HK$42.1tHK$47.2tHK$4.2t8.8x10x0.9x
Mon, 28 Nov 2022HK$38.6tHK$45.7tHK$4.1t8.4x9.5x0.8x
Wed, 26 Oct 2022HK$34.7tHK$45.0tHK$4.0t8x8.7x0.8x
Fri, 23 Sep 2022HK$39.1tHK$45.9tHK$4.1t8.8x9.6x0.9x
Sun, 21 Aug 2022HK$41.7tHK$46.7tHK$4.3t8.8x9.8x0.9x
Tue, 19 Jul 2022HK$42.5tHK$46.8tHK$4.3t9x9.8x0.9x
Thu, 16 Jun 2022HK$45.1tHK$46.9tHK$4.3t9.1x10.4x1x
Sat, 14 May 2022HK$42.7tHK$46.6tHK$4.3t8.8x10x0.9x
Mon, 11 Apr 2022HK$46.3tHK$48.1tHK$4.5t9.2x10.4x1x
Wed, 09 Mar 2022HK$46.0tHK$46.8tHK$4.5t8.2x10.2x1x
Fri, 04 Feb 2022HK$48.6tHK$46.3tHK$4.4t8.8x11x1x
Sun, 02 Jan 2022HK$49.2tHK$46.3tHK$4.4t9.2x11.1x1.1x
Tue, 30 Nov 2021HK$49.4tHK$46.0tHK$4.4t9.3x11.2x1.1x
Thu, 28 Oct 2021HK$51.4tHK$44.9tHK$4.4t9.5x11.7x1.1x
Sat, 25 Sep 2021HK$50.5tHK$44.3tHK$4.3t9.6x11.7x1.1x
Mon, 23 Aug 2021HK$50.6tHK$44.2tHK$4.3t10.3x11.7x1.1x
Sat, 10 Jul 2021HK$57.1tHK$44.2tHK$4.3t10.6x13.2x1.3x
Fri, 02 Apr 2021HK$56.0tHK$41.4tHK$3.8t11x14.6x1.4x
Mon, 04 Jan 2021HK$52.1tHK$39.4tHK$3.5t11.3x14.7x1.3x
Thu, 08 Oct 2020HK$44.9tHK$37.6tHK$3.2t10.9x14x1.2x
Price to Earnings Ratio

14x


Total Market Cap: HK$44.9tTotal Earnings: HK$3.2tTotal Revenue: HK$37.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11.9x202120222023
Current Market PE
  • Investors are relatively neutral on the Hong Kong market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 11.9x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have grown 2.4% per year over the last three years.
  • Revenues for these companies have grown 6.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Hong Kong Market?

HK Market0.35%
Energy5.04%
Materials3.04%
Healthcare1.67%
Utilities1.27%
Financials1.08%
Industrials-0.17%
Telecom-0.55%
Consumer Staples-0.98%
Consumer Discretionary-1.89%
Tech-2.57%
Real Estate-3.38%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 2kx.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings growth of 14.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Energy industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
941 China MobileHK$68.053.0%
+HK$42.8b
33.2%PE10.3xTelecom
1288 Agricultural Bank of ChinaHK$2.854.0%
+HK$38.5b
16.8%PB0.4xFinancials
728 China TelecomHK$4.032.5%
+HK$9.2b
42.9%PE11.7xTelecom
1658 Postal Savings Bank of ChinaHK$3.992.3%
+HK$8.9b
-16.9%PB0.4xFinancials
939 China Construction BankHK$4.410.7%
+HK$7.5b
-5.2%PB0.4xFinancials
See more
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Market Insights

The first is one of the oldest technology sectors around, and the second… well it seems to be perpetually on the verge of take-off...

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Latest News

1211

HK$240.40

BYD

7D

-1.8%

1Y

11.8%

388

HK$287.00

Hong Kong Exchanges and Clearing

7D

-4.4%

1Y

2.1%

1024

HK$60.40

Kuaishou Technology

7D

-6.9%

1Y

8.8%

1658

HK$3.99

Postal Savings Bank of China

7D

2.3%

1Y

-16.9%

2328

HK$9.74

PICC Property and Casualty

7D

3.3%

1Y

13.8%

1810

HK$11.68

Xiaomi

7D

-4.6%

1Y

20.7%

1288

HK$2.85

Agricultural Bank of China

7D

4.0%

1Y

16.8%

9633

HK$42.75

Nongfu Spring

7D

-3.9%

1Y

-4.3%

939

HK$4.41

China Construction Bank

7D

0.7%

1Y

-5.2%

700

HK$303.00

Tencent Holdings

7D

-5.3%

1Y

7.1%

728

HK$4.03

China Telecom

7D

2.5%

1Y

42.9%