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Hong Kong (HSI) Consumer Discretionary Sector Analysis
UpdatedMar 24, 2026
DataAggregated Company Financials
Companies442
- 7D-3.0%
- 3M-8.0%
- 1Y-16.9%
- YTD-8.2%
Over the last 7 days, the Consumer Discretionary industry has dropped 3.0%, driven by pullbacks in BYD and Laopu Gold of 1.8% and 14%, respectively. On the other hand Geely Automobile Holdings is actually up 11%. Overall the industry is down 17% in 12 months. Looking forward, earnings are forecast to grow by 20% annually.
Sector Valuation and Performance
Has the Hong Kong Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 24 Mar 2026 | HK$4.9t | HK$5.1t | HK$235.8b | 10x | 20.6x | 0.9x |
| Thu, 19 Feb 2026 | HK$5.3t | HK$5.1t | HK$221.5b | 10.7x | 23.7x | 1x |
| Sat, 17 Jan 2026 | HK$5.2t | HK$5.1t | HK$221.5b | 10.3x | 23.4x | 1x |
| Mon, 15 Dec 2025 | HK$5.2t | HK$5.0t | HK$218.9b | 10.6x | 23.7x | 1x |
| Wed, 12 Nov 2025 | HK$5.3t | HK$5.0t | HK$249.2b | 11.1x | 21.4x | 1.1x |
| Fri, 10 Oct 2025 | HK$5.6t | HK$5.1t | HK$251.5b | 10.7x | 22.1x | 1.1x |
| Sun, 07 Sep 2025 | HK$5.4t | HK$4.7t | HK$234.8b | 10.8x | 22.9x | 1.1x |
| Tue, 05 Aug 2025 | HK$5.3t | HK$4.6t | HK$248.1b | 11.1x | 21.2x | 1.1x |
| Thu, 03 Jul 2025 | HK$5.3t | HK$4.6t | HK$247.6b | 10.6x | 21.6x | 1.2x |
| Sat, 31 May 2025 | HK$5.3t | HK$4.6t | HK$242.3b | 10.8x | 22.1x | 1.2x |
| Mon, 28 Apr 2025 | HK$5.0t | HK$4.5t | HK$228.2b | 10x | 21.9x | 1.1x |
| Wed, 26 Mar 2025 | HK$5.2t | HK$4.5t | HK$228.9b | 10.9x | 22.7x | 1.2x |
| Fri, 21 Feb 2025 | HK$4.7t | HK$4.3t | HK$202.1b | 10.6x | 23.4x | 1.1x |
| Sun, 19 Jan 2025 | HK$4.2t | HK$4.2t | HK$199.4b | 10x | 20.8x | 1x |
| Tue, 17 Dec 2024 | HK$4.3t | HK$4.3t | HK$199.1b | 10.1x | 21.8x | 1x |
| Thu, 14 Nov 2024 | HK$4.4t | HK$4.2t | HK$192.4b | 9.4x | 23x | 1x |
| Sat, 12 Oct 2024 | HK$4.7t | HK$4.3t | HK$195.4b | 9.8x | 24x | 1.1x |
| Mon, 09 Sep 2024 | HK$3.6t | HK$4.3t | HK$195.6b | 8.7x | 18.5x | 0.8x |
| Wed, 07 Aug 2024 | HK$3.4t | HK$4.1t | HK$176.5b | 8.2x | 19.3x | 0.8x |
| Fri, 05 Jul 2024 | HK$3.8t | HK$4.1t | HK$173.6b | 9.1x | 21.6x | 0.9x |
| Sun, 02 Jun 2024 | HK$3.8t | HK$4.0t | HK$173.5b | 9.3x | 22.2x | 1x |
| Tue, 30 Apr 2024 | HK$3.9t | HK$4.0t | HK$172.9b | 9x | 22.6x | 1x |
| Thu, 28 Mar 2024 | HK$3.6t | HK$4.0t | HK$181.1b | 9.1x | 20.1x | 0.9x |
| Sat, 24 Feb 2024 | HK$3.4t | HK$3.9t | HK$156.7b | 9.5x | 21.9x | 0.9x |
| Mon, 22 Jan 2024 | HK$3.2t | HK$3.9t | HK$155.8b | 9.3x | 20.8x | 0.8x |
| Wed, 20 Dec 2023 | HK$3.5t | HK$3.9t | HK$155.8b | 10x | 22.4x | 0.9x |
| Fri, 17 Nov 2023 | HK$4.1t | HK$3.8t | HK$149.3b | 9.6x | 27.2x | 1.1x |
| Sun, 15 Oct 2023 | HK$4.1t | HK$3.8t | HK$141.4b | 9.7x | 29.1x | 1.1x |
| Tue, 12 Sep 2023 | HK$4.3t | HK$3.8t | HK$140.9b | 9.6x | 30.4x | 1.1x |
| Thu, 10 Aug 2023 | HK$4.7t | HK$3.6t | HK$123.9b | 10.5x | 37.7x | 1.3x |
| Sat, 08 Jul 2023 | HK$4.4t | HK$3.6t | HK$116.5b | 10.6x | 37.4x | 1.2x |
| Mon, 05 Jun 2023 | HK$4.4t | HK$3.7t | HK$116.8b | 10.4x | 37.6x | 1.2x |
| Wed, 03 May 2023 | HK$4.7t | HK$3.8t | HK$109.0b | 10.5x | 43.4x | 1.3x |
| Fri, 31 Mar 2023 | HK$4.9t | HK$3.7t | HK$109.9b | 10x | 44.2x | 1.3x |
Price to Earnings Ratio
44.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.6x which is lower than its 3-year average PE of 25.2x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.95x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary sector?
| HK Market | -4.78% | |
| Consumer Discretionary | -3.05% | |
| Auto | 0.069% | |
| Online Retail and Ecommerce | 0% | 0 |
| General Merchandise and Department Stores | -3.40% | |
| Luxury | -4.40% | |
| Consumer Services | -4.45% | |
| Hospitality | -4.49% | |
| Specialty Stores | -4.60% | |
| Leisure | -5.53% | |
| Consumer Durables | -5.69% | |
| Auto Components | -6.38% | |
| Retail Distributors | -6.99% | |
Industry PE
- Investors are most optimistic about the Leisure industry which is trading above its 3-year average PE ratio of 36.3x.
- Analysts expect its future annual earnings growth (25.0%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Retail Distributors industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 1211 BYD | HK$107.00 | 2.4% +HK$22.8b | -17.5% | PE22.4x | |
| 175 Geely Automobile Holdings | HK$20.90 | 10.9% +HK$22.2b | 25.3% | PE11.8x | |
| 3931 CALB Group | HK$31.00 | 12.6% +HK$6.2b | 64.2% | PE44.2x | |
| 2331 Li Ning | HK$22.00 | 8.6% +HK$4.5b | 29.6% | PE17x | |
| 1585 Yadea Group Holdings | HK$12.68 | 12.3% +HK$4.2b | -15.2% | PE18x |
