Is TCL Electronics Holdings Limited (HKG:1070) Trading At A 45% Discount?
Feb 01
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Hong Kong (HSI) Consumer Durables Industry Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies36
- 7D6.1%
- 3M9.3%
- 1Y43.7%
- YTD28.6%
In the last week, the Consumer Durables industry is up 2.7%, with OneRobotics (Shenzhen) up 19%. In the same time, Carote was down 5.1%. This means that the industry has gained 44% over the past year. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Hong Kong Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | HK$167.0b | HK$300.8b | HK$9.4b | 8.6x | 17.8x | 0.6x |
| Sat, 10 Jan 2026 | HK$110.9b | HK$298.3b | HK$9.3b | 8.8x | 11.9x | 0.4x |
| Mon, 08 Dec 2025 | HK$112.8b | HK$296.5b | HK$9.2b | 8.1x | 12.2x | 0.4x |
| Wed, 05 Nov 2025 | HK$108.3b | HK$296.0b | HK$9.1b | 8.6x | 11.8x | 0.4x |
| Fri, 03 Oct 2025 | HK$109.4b | HK$296.2b | HK$9.1b | 8x | 12x | 0.4x |
| Sun, 31 Aug 2025 | HK$86.8b | HK$254.5b | HK$4.8b | 8.7x | 17.9x | 0.3x |
| Tue, 29 Jul 2025 | HK$81.1b | HK$245.1b | HK$4.4b | 8.7x | 18.5x | 0.3x |
| Thu, 26 Jun 2025 | HK$76.5b | HK$245.5b | HK$4.4b | 8.2x | 17.2x | 0.3x |
| Sat, 24 May 2025 | HK$79.3b | HK$243.5b | HK$4.3b | 8.3x | 18.5x | 0.3x |
| Mon, 21 Apr 2025 | HK$72.5b | HK$247.3b | HK$5.3b | 7.9x | 13.8x | 0.3x |
| Wed, 19 Mar 2025 | HK$82.6b | HK$238.0b | HK$4.2b | 8.4x | 19.5x | 0.3x |
| Fri, 14 Feb 2025 | HK$76.1b | HK$239.1b | HK$5.6b | 7.9x | 13.5x | 0.3x |
| Sun, 12 Jan 2025 | HK$72.6b | HK$238.7b | HK$5.6b | 7.5x | 12.9x | 0.3x |
| Tue, 10 Dec 2024 | HK$72.6b | HK$239.3b | HK$5.6b | 7.6x | 12.9x | 0.3x |
| Thu, 07 Nov 2024 | HK$79.0b | HK$243.9b | HK$6.0b | 7.5x | 13.1x | 0.3x |
| Sat, 05 Oct 2024 | HK$86.4b | HK$245.3b | HK$6.1b | 8.8x | 14.2x | 0.4x |
| Mon, 02 Sep 2024 | HK$68.0b | HK$243.3b | HK$5.8b | 7x | 11.8x | 0.3x |
| Wed, 31 Jul 2024 | HK$66.0b | HK$233.2b | HK$5.1b | 7.1x | 12.9x | 0.3x |
| Fri, 28 Jun 2024 | HK$75.7b | HK$232.7b | HK$5.2b | 6.9x | 14.5x | 0.3x |
| Sun, 26 May 2024 | HK$82.8b | HK$233.3b | HK$5.7b | 7.1x | 14.6x | 0.4x |
| Tue, 23 Apr 2024 | HK$73.1b | HK$231.1b | HK$5.2b | 7.1x | 14x | 0.3x |
| Thu, 21 Mar 2024 | HK$67.9b | HK$204.8b | HK$7.7b | 8.4x | 8.8x | 0.3x |
| Sat, 17 Feb 2024 | HK$61.3b | HK$205.2b | HK$7.8b | 7.3x | 7.9x | 0.3x |
| Mon, 15 Jan 2024 | HK$68.4b | HK$205.1b | HK$7.8b | 7.2x | 8.8x | 0.3x |
| Wed, 13 Dec 2023 | HK$66.5b | HK$204.9b | HK$7.8b | 7.1x | 8.6x | 0.3x |
| Fri, 10 Nov 2023 | HK$68.0b | HK$204.9b | HK$7.3b | 7.4x | 9.3x | 0.3x |
| Sun, 08 Oct 2023 | HK$70.7b | HK$246.7b | HK$7.4b | 8.2x | 9.6x | 0.3x |
| Tue, 05 Sep 2023 | HK$76.6b | HK$247.0b | HK$7.4b | 8.5x | 10.4x | 0.3x |
| Thu, 03 Aug 2023 | HK$83.7b | HK$242.2b | HK$7.6b | 8.9x | 11x | 0.3x |
| Sat, 01 Jul 2023 | HK$82.3b | HK$257.3b | HK$7.9b | 8.8x | 10.4x | 0.3x |
| Mon, 29 May 2023 | HK$104.2b | HK$259.7b | HK$7.2b | 9.7x | 14.5x | 0.4x |
| Wed, 26 Apr 2023 | HK$113.6b | HK$264.9b | HK$7.6b | 9.4x | 14.9x | 0.4x |
| Fri, 24 Mar 2023 | HK$118.6b | HK$269.6b | HK$9.7b | 8.6x | 12.3x | 0.4x |
| Sun, 19 Feb 2023 | HK$135.9b | HK$274.6b | HK$10.0b | 7.8x | 13.6x | 0.5x |
Price to Earnings Ratio
13.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Consumer Durables industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.1x which is higher than its 3-year average PE of 13.0x.
- The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.1% 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.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | 2.02% | |
| Consumer Discretionary | 4.05% | |
| Consumer Durables | 6.08% | |
| Household Appliances | 12.03% | |
| Homebuilding | 5.14% | |
| Home Furnishings | 0.82% | |
| Consumer Electronics | 0.20% | |
| Housewares and Specialties | -4.86% | |
Industry PE
- Investors are most optimistic about the Consumer Electronics industry which is trading above its 3-year average PE ratio of 15.8x.
- Analysts expect its future annual earnings growth (19.9%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Housewares and Specialties industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.2x.
Forecasted Growth
- Analysts are most optimistic on the Household Appliances industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 1.1% per year.
- In contrast, the Housewares and Specialties industry is expected to see its earnings grow by 2.9% 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 | |
|---|---|---|---|---|---|
| 6600 OneRobotics (Shenzhen) | HK$195.20 | 19.5% +HK$7.1b | n/a | PE996.8x | |
| 2285 Chervon Holdings | HK$26.50 | 11.9% +HK$1.4b | 42.9% | PE11.9x | |
| 2580 Aux Electric | HK$13.60 | 4.0% +HK$825.9m | n/a | PE6.4x | |
| 1070 TCL Electronics Holdings | HK$12.70 | 0.8% +HK$252.1m | 84.9% | PE14.6x | |
| 1999 Man Wah Holdings | HK$5.00 | 0.8% +HK$155.1m | 15.7% | PE9.4x |
