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Hong Kong (HSI) Market Analysis & Valuation

UpdatedMay 23, 2022
DataAggregated Company Financials
Companies2290
  • 7D3.4%
  • 3M-12.4%
  • 1Y-23.7%
  • YTD-10.1%

Over the last 7 days, the market has risen 3.4%, driven by gains in every sector, especially the Financials sector. In contrast, the market has seen a decline of 24% over the last 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022HK$44.0tHK$47.2tHK$4.3t8.8x
Wed, 20 Apr 2022HK$45.4tHK$48.2tHK$4.5t9.1x
Fri, 18 Mar 2022HK$44.9tHK$46.7tHK$4.6t8.2x
Sun, 13 Feb 2022HK$51.0tHK$46.3tHK$4.5t9x
Tue, 11 Jan 2022HK$49.6tHK$46.1tHK$4.4t9.2x
Thu, 09 Dec 2021HK$49.9tHK$46.1tHK$4.4t9.3x
Sat, 06 Nov 2021HK$49.7tHK$45.8tHK$4.4t9.3x
Mon, 04 Oct 2021HK$50.7tHK$44.4tHK$4.3t9.7x
Wed, 01 Sep 2021HK$52.8tHK$44.2tHK$4.3t10.7x
Thu, 08 Jul 2021HK$57.1tHK$44.2tHK$4.3t10.6x
Wed, 31 Mar 2021HK$56.0tHK$41.4tHK$3.8t11x
Sat, 02 Jan 2021HK$52.1tHK$39.4tHK$3.5t11.3x
Tue, 06 Oct 2020HK$44.9tHK$37.6tHK$3.2t10.9x
Fri, 10 Jul 2020HK$41.9tHK$36.2tHK$3.0t11.7x
Thu, 02 Apr 2020HK$38.5tHK$36.6tHK$3.4t11.2x
Sun, 05 Jan 2020HK$44.9tHK$37.8tHK$3.8t12.2x
Wed, 09 Oct 2019HK$40.7tHK$36.3tHK$3.8t11.6x
Tue, 02 Jul 2019HK$43.8tHK$36.6tHK$3.8t12x
Median PE Ratio

11.9x


Total Market Cap: HK$41.8tTotal Earnings: HK$3.8tTotal Revenue: HK$36.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Median PE3Y Average 10.9x202020212022
Current Market PE
  • Investors are relatively neutral on the 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 10.9x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have grown 4.5% per year over the last three years.
  • Revenues for these companies have grown 8.8% 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 Market3.37%
Tech6.43%
Healthcare4.99%
Consumer Discretionary4.89%
Energy4.76%
Materials4.51%
Industrials3.92%
Utilities3.44%
Real Estate3.26%
Financials2.74%
Consumer Staples2.49%
Telecom0.80%
Sector PE
  • Investors are most optimistic about the Healthcare sector even though it's trading below its 3-year average PE ratio of 17.2x.
  • This is likely because analysts are expecting annual earnings growth of 27%, which is higher than its past year's earnings growth of 18% per year.
  • Investors are most pessimistic about the Materials sector, which is trading below its 3-year average of 8.2x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings growth rate of 16% 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
1211 BYDHK$270.4013.8%
+HK$95.5b
61.3%PS185.6xConsumer Discretionary
1299 AIA GroupHK$78.806.4%
+HK$56.6b
-22.4%PS16.2xFinancials
857 PetroChinaHK$3.946.2%
+HK$42.1b
25.5%PS5.9xEnergy
939 China Construction BankHK$5.612.6%
+HK$35.0b
-9.2%PB0.5xFinancials
883 CNOOCHK$11.305.8%
+HK$29.3b
33.3%PS5.1xEnergy
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2331

HK$54.15

Li Ning

7D

-5.4%

1Y

-18.6%