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Hong Kong (HSI) Market Analysis & Valuation

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies2314
  • 7D0.3%
  • 3M-0.5%
  • 1Y19.6%
  • YTD1.4%

Over the last 7 days, the market has remained flat, although notably the Real Estate sector gained 4.1% in that time. Meanwhile, the market is actually up 20% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026HK$57.2tHK$44.5tHK$4.2t13x13.8x1.3x
Fri, 03 Apr 2026HK$56.1tHK$44.2tHK$4.0t12.4x14x1.3x
Sun, 01 Mar 2026HK$57.2tHK$44.2tHK$4.0t12.6x14.1x1.3x
Tue, 27 Jan 2026HK$57.2tHK$43.5tHK$4.0t12.5x14.3x1.3x
Thu, 25 Dec 2025HK$55.8tHK$43.1tHK$3.9t12.1x14.1x1.3x
Sat, 22 Nov 2025HK$55.8tHK$42.6tHK$3.9t12.1x14.2x1.3x
Mon, 20 Oct 2025HK$55.2tHK$42.2tHK$3.8t12.5x14.5x1.3x
Wed, 17 Sep 2025HK$57.9tHK$43.4tHK$4.0t12.4x14.6x1.3x
Fri, 15 Aug 2025HK$56.8tHK$43.6tHK$3.9t12.5x14.5x1.3x
Sun, 13 Jul 2025HK$53.8tHK$43.6tHK$3.9t11.5x13.8x1.2x
Tue, 10 Jun 2025HK$51.6tHK$43.6tHK$3.9t11.2x13.3x1.2x
Thu, 08 May 2025HK$48.6tHK$42.8tHK$3.8t10.9x12.9x1.1x
Sat, 05 Apr 2025HK$48.3tHK$42.6tHK$3.8t11x12.9x1.1x
Mon, 03 Mar 2025HK$47.0tHK$43.2tHK$3.5t10.4x13.4x1.1x
Wed, 29 Jan 2025HK$44.3tHK$43.3tHK$3.5t10x12.6x1x
Fri, 27 Dec 2024HK$45.0tHK$42.6tHK$3.6t9.9x12.3x1.1x
Sun, 24 Nov 2024HK$42.7tHK$42.9tHK$3.7t9.8x11.6x1x
Tue, 22 Oct 2024HK$44.3tHK$43.3tHK$3.6t10x12.4x1x
Thu, 19 Sep 2024HK$38.8tHK$43.6tHK$3.6t8.8x10.8x0.9x
Sat, 17 Aug 2024HK$39.9tHK$43.1tHK$3.5t9x11.3x0.9x
Mon, 15 Jul 2024HK$41.6tHK$42.7tHK$3.5t9.5x12x1x
Wed, 12 Jun 2024HK$41.8tHK$43.2tHK$3.4t9.6x12.2x1x
Fri, 10 May 2024HK$41.8tHK$43.3tHK$3.4t9.6x12.2x1x
Sun, 07 Apr 2024HK$39.0tHK$43.3tHK$3.4t9.1x11.4x0.9x
Tue, 05 Mar 2024HK$38.1tHK$43.8tHK$3.4t8.9x11.1x0.9x
Thu, 01 Feb 2024HK$35.9tHK$44.4tHK$3.3t8.7x10.7x0.8x
Sat, 30 Dec 2023HK$38.3tHK$46.2tHK$3.5t9.3x10.9x0.8x
Mon, 27 Nov 2023HK$39.0tHK$45.7tHK$3.5t9.2x11.2x0.9x
Wed, 25 Oct 2023HK$37.8tHK$45.0tHK$3.4t8.9x11.1x0.8x
Fri, 22 Sep 2023HK$39.4tHK$45.0tHK$3.4t9.2x11.5x0.9x
Sun, 20 Aug 2023HK$39.7tHK$45.3tHK$3.6t9.5x11.1x0.9x
Tue, 18 Jul 2023HK$42.0tHK$46.0tHK$3.7t9.6x11.4x0.9x
Thu, 15 Jun 2023HK$42.5tHK$46.1tHK$3.7t9.6x11.5x0.9x
Sat, 13 May 2023HK$43.9tHK$47.3tHK$3.8t9.8x11.7x0.9x
Price to Earnings Ratio

11.7x


Total Market Cap: HK$43.9tTotal Earnings: HK$3.8tTotal Revenue: HK$47.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 12.5x202420252026
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 12.5x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have grown 3.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.1% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

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

HK Market0.33%
Real Estate4.05%
Tech3.26%
Industrials2.16%
Utilities0.79%
Consumer Staples0.36%
Telecom0.13%
Consumer Discretionary0.0014%
Energy-0.14%
Financials-0.72%
Materials-0.75%
Healthcare-1.46%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 32.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 21.9% which is higher than its past year's earnings decline of 8.1% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 7.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 7.8% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 4.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
2338 Weichai PowerHK$44.6623.6%
+HK$73.8b		198.9%PE29.7xIndustrials
981 Semiconductor Manufacturing InternationalHK$74.8513.8%
+HK$72.5b		62.0%PE111.7xTech
2628 China Life InsuranceHK$29.909.1%
+HK$70.7b		102.0%PE5.1xFinancials
2513 Knowledge Atlas TechnologyHK$928.5013.7%
+HK$49.9b		n/aPS496.8xTech
9903 Shanghai Iluvatar CoreX SemiconductorHK$571.5048.8%
+HK$47.7b		n/aPS122.2xTech
See more

Market Insights

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We’re starting to see the second-order impact of Strait of Hormuz’s extended closure on other industries and in Q1 2026 reports - and it’s far more than just fuel and gas.
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China Shenhua Energy's (HKG:1088) Shareholders Have More To Worry About Than Only Soft Earnings

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