Analysis Article • May 07
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Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedJul 29, 2026
DataAggregated Company Financials
Companies8
- 7D-1.5%
- 3M-27.5%
- 1Y-32.7%
- YTDn/a
Over the last 7 days, the Home Furnishings industry has dropped 1.4%, driven by Man Wah Holdings declining 2.2%. Meanwhile, Hing Lee (HK) Holdings actually outperformed within the industry, gaining 23% in the last week. The industry has fallen 33% in the last year. Looking forward, earnings are forecast to grow by 3.6% annually.
Industry Valuation and Performance
Has the Hong Kong Home Furnishings Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 Jul 2026 | HK$13.9b | HK$24.8b | HK$1.3b | 8x | 10.8x | 0.6x |
| Fri, 26 Jun 2026 | HK$14.1b | HK$24.8b | HK$1.3b | 8.6x | 10.9x | 0.6x |
| Sun, 24 May 2026 | HK$16.4b | HK$24.8b | HK$1.3b | 10.1x | 12.7x | 0.7x |
| Tue, 21 Apr 2026 | HK$19.0b | HK$25.0b | HK$1.5b | 10.6x | 12.3x | 0.8x |
| Thu, 19 Mar 2026 | HK$20.4b | HK$24.6b | HK$1.9b | 8.9x | 10.9x | 0.8x |
| Sat, 14 Feb 2026 | HK$21.7b | HK$24.5b | HK$1.9b | 9.6x | 11.6x | 0.9x |
| Mon, 12 Jan 2026 | HK$20.8b | HK$24.5b | HK$1.9b | 7.3x | 11.1x | 0.8x |
| Wed, 10 Dec 2025 | HK$20.2b | HK$24.5b | HK$1.9b | 7x | 10.7x | 0.8x |
| Fri, 07 Nov 2025 | HK$21.3b | HK$24.7b | HK$1.9b | 7.1x | 11.3x | 0.9x |
| Sun, 05 Oct 2025 | HK$19.6b | HK$24.7b | HK$1.9b | 6.7x | 10.4x | 0.8x |
| Tue, 02 Sep 2025 | HK$20.7b | HK$25.8b | HK$10.1m | 6.6x | 2047.6x | 0.8x |
| Thu, 31 Jul 2025 | HK$21.1b | HK$25.9b | HK$218.8m | 6.1x | 96.5x | 0.8x |
| Sat, 28 Jun 2025 | HK$19.7b | HK$25.9b | HK$213.0m | 6.2x | 92.6x | 0.8x |
| Mon, 26 May 2025 | HK$19.0b | HK$25.9b | HK$220.3m | 5.8x | 86x | 0.7x |
| Wed, 23 Apr 2025 | HK$17.4b | HK$26.7b | HK$518.4m | 5.1x | 33.6x | 0.7x |
| Fri, 21 Mar 2025 | HK$21.3b | HK$26.6b | HK$305.7m | 6.3x | 69.6x | 0.8x |
| Sun, 16 Feb 2025 | HK$21.3b | HK$28.6b | HK$1.7b | 6.4x | 12.4x | 0.7x |
| Tue, 14 Jan 2025 | HK$19.6b | HK$28.6b | HK$1.7b | 5.8x | 11.4x | 0.7x |
| Thu, 12 Dec 2024 | HK$21.8b | HK$28.6b | HK$1.7b | 6.2x | 12.6x | 0.8x |
| Sat, 09 Nov 2024 | HK$25.4b | HK$32.4b | HK$1.7b | 6x | 14.6x | 0.8x |
| Mon, 07 Oct 2024 | HK$28.7b | HK$32.5b | HK$1.7b | 6.2x | 16.6x | 0.9x |
| Wed, 04 Sep 2024 | HK$22.1b | HK$32.4b | HK$1.7b | 6.2x | 12.8x | 0.7x |
| Fri, 02 Aug 2024 | HK$21.9b | HK$33.0b | HK$2.4b | 4.8x | 9.2x | 0.7x |
| Sun, 30 Jun 2024 | HK$24.7b | HK$33.0b | HK$2.4b | 4.6x | 10.3x | 0.7x |
| Tue, 28 May 2024 | HK$30.2b | HK$33.0b | HK$2.4b | 5.2x | 12.7x | 0.9x |
| Thu, 25 Apr 2024 | HK$25.4b | HK$31.6b | HK$2.0b | 5.6x | 12.5x | 0.8x |
| Sat, 23 Mar 2024 | HK$26.1b | HK$30.2b | HK$2.4b | 7.3x | 10.9x | 0.9x |
| Mon, 19 Feb 2024 | HK$23.2b | HK$31.1b | HK$2.4b | 7.6x | 9.7x | 0.7x |
| Wed, 17 Jan 2024 | HK$24.6b | HK$31.1b | HK$2.4b | 6.1x | 10.3x | 0.8x |
| Fri, 15 Dec 2023 | HK$25.0b | HK$31.1b | HK$2.4b | 5.5x | 10.4x | 0.8x |
| Sun, 12 Nov 2023 | HK$26.5b | HK$31.4b | HK$2.3b | 6.1x | 11.3x | 0.8x |
| Tue, 10 Oct 2023 | HK$26.6b | HK$31.4b | HK$2.3b | 6x | 11.3x | 0.8x |
| Thu, 07 Sep 2023 | HK$30.6b | HK$31.4b | HK$2.3b | 6.1x | 13.1x | 1x |
| Sat, 05 Aug 2023 | HK$32.7b | HK$32.9b | HK$2.5b | 8.9x | 13x | 1x |
Price to Earnings Ratio
13x
Current Industry PE
- Investors are pessimistic on the Hong Kong Home Furnishings 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 10.9x which is lower than its 3-year average PE of 28.6x.
- The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
- The earnings for companies in the Home Furnishings industry have declined 20% per year over the last three years,
- Revenues have also declined 8.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Home Furnishings compare with similar industries?
| HK Market | 0.65% | |
| Consumer Discretionary | 0.57% | |
| Consumer Durables | 1.36% | |
| Home Furnishings | -1.47% | |
| Consumer Electronics | 4.27% | |
| Homebuilding | 0.38% | |
| Household Appliances | -0.59% | |
| Housewares and Specialties | -2.20% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 396 Hing Lee (HK) Holdings | HK$0.36 | 7.5% +HK$20.2m | 295.6% | PE369.7x | |
| 1575 Regal Partners Holdings | HK$0.04 | 5.3% +HK$7.6m | -29.8% | PS2x | |
| 2223 Casablanca Group | HK$0.53 | 1.9% +HK$2.6m | 107.8% | PS0.6x |