Is There Now An Opportunity In Zhongsheng Group Holdings Limited (HKG:881)?
Zhongsheng Group Holdings Limited ( HKG:881 ) saw a decent share price growth in the teens level on the SEHK over the...
Has the Hong Kong Consumer Discretionary Sector valuation changed over the past few years?
|Sat, 04 Dec 2021||HK$7.0t||HK$3.4t||HK$54.0b||12.6x|
|Mon, 01 Nov 2021||HK$7.1t||HK$3.4t||HK$68.6b||12.8x|
|Wed, 29 Sep 2021||HK$6.9t||HK$3.4t||HK$70.3b||12.9x|
|Fri, 27 Aug 2021||HK$7.3t||HK$3.3t||HK$83.2b||12.7x|
|Sat, 03 Jul 2021||HK$8.3t||HK$3.3t||HK$82.2b||14.4x|
|Tue, 06 Apr 2021||HK$7.3t||HK$3.1t||HK$58.8b||13.7x|
|Fri, 08 Jan 2021||HK$7.4t||HK$2.8t||HK$9.3b||15.5x|
|Thu, 01 Oct 2020||HK$5.3t||HK$2.7t||HK$38.8b||15.2x|
|Sun, 05 Jul 2020||HK$4.2t||HK$2.7t||HK$37.0b||14.1x|
|Wed, 08 Apr 2020||HK$3.3t||HK$2.8t||HK$84.4b||12.4x|
|Tue, 31 Dec 2019||HK$4.1t||HK$3.0t||HK$159.7b||14x|
|Fri, 04 Oct 2019||HK$3.6t||HK$2.9t||HK$159.4b||13.2x|
|Mon, 08 Jul 2019||HK$3.6t||HK$2.9t||HK$69.6b||13.2x|
|Sun, 31 Mar 2019||HK$3.6t||HK$3.0t||HK$60.3b||13.6x|
|Wed, 02 Jan 2019||HK$3.2t||HK$2.9t||HK$35.7b||12.2x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.7x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Consumer Discretionary industry have remained mostly flat over the last three years, while revenues for these companies have grown 6.8% per year.This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Which industries have driven the changes within the Hong Kong Consumer Discretionary sector?
|General Merchanise and Department Stores||-2.88%|
|Online Retail and Ecommerce||-6.39%|
Industry PE: Investors are most optimistic about the Retail Distributors industry which is trading above its 3-year average PE ratio of 26.4x. However analysts are expecting annual earnings growth of 41%, which is lower than the prior year's growth of 84% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Consumer Durables industry, which is trading below its 3-year average of 11.4x.
Forecasted Growth: Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 70% over the next 5 years. This is better than it's past earnings growth rate of 6.9% per year. Meanwhile, the General Merchanise and Department Stores industry is expected to see its earnings decline by 4.7% per year over the next few years.
Which companies have driven the market over the last 7 days?
Zhongsheng Group Holdings
Geely Automobile Holdings
Q Technology (Group)
Yadea Group Holdings
Great Wall Motor
ANTA Sports Products
Guangzhou Automobile Group
Galaxy Entertainment Group
JD Health International
Golden Solar New Energy Technology Holdings