Analysis Article • May 07
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Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedJun 19, 2026
DataAggregated Company Financials
Companies8
- 7D-6.8%
- 3M-24.7%
- 1Y-19.8%
- YTDn/a
Over the last 7 days, the Home Furnishings industry has dropped 6.0%, driven by Man Wah Holdings declining 7.9%. Meanwhile, Hing Lee (HK) Holdings actually outperformed within the industry, gaining 12% in the last week. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 4.1% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | HK$14.9b | HK$24.8b | HK$1.3b | 9.4x | 11.6x | 0.6x |
| Sun, 17 May 2026 | HK$18.0b | HK$24.8b | HK$1.3b | 10.4x | 13.9x | 0.7x |
| Tue, 14 Apr 2026 | HK$19.0b | HK$25.0b | HK$1.5b | 10.3x | 12.3x | 0.8x |
| Thu, 12 Mar 2026 | HK$20.0b | HK$24.6b | HK$1.9b | 8.8x | 10.7x | 0.8x |
| Sat, 07 Feb 2026 | HK$21.9b | HK$24.5b | HK$1.9b | 7.3x | 11.7x | 0.9x |
| Mon, 05 Jan 2026 | HK$20.6b | HK$24.5b | HK$1.9b | 6.9x | 11x | 0.8x |
| Wed, 03 Dec 2025 | HK$21.1b | HK$24.5b | HK$1.9b | 7.2x | 11.2x | 0.9x |
| Fri, 31 Oct 2025 | HK$21.3b | HK$24.7b | HK$1.9b | 6.9x | 11.3x | 0.9x |
| Sun, 28 Sep 2025 | HK$18.8b | HK$24.7b | HK$1.9b | 6.5x | 10x | 0.8x |
| Tue, 26 Aug 2025 | HK$21.3b | HK$25.8b | HK$182.5m | 7.1x | 117x | 0.8x |
| Thu, 24 Jul 2025 | HK$20.8b | HK$25.9b | HK$213.5m | 6.3x | 97.5x | 0.8x |
| Sat, 21 Jun 2025 | HK$18.6b | HK$25.9b | HK$213.3m | 6.1x | 87.1x | 0.7x |
| Mon, 19 May 2025 | HK$19.1b | HK$25.9b | HK$232.7m | 5.3x | 82.2x | 0.7x |
| Wed, 16 Apr 2025 | HK$17.5b | HK$26.6b | HK$519.0m | 5x | 33.6x | 0.7x |
| Fri, 14 Mar 2025 | HK$20.7b | HK$26.5b | HK$274.7m | 6.2x | 75.4x | 0.8x |
| Sun, 09 Feb 2025 | HK$19.7b | HK$28.6b | HK$1.7b | 6.3x | 11.4x | 0.7x |
| Tue, 07 Jan 2025 | HK$20.2b | HK$28.6b | HK$1.7b | 5.9x | 11.7x | 0.7x |
| Thu, 05 Dec 2024 | HK$21.4b | HK$28.6b | HK$1.7b | 6.3x | 12.4x | 0.7x |
| Sat, 02 Nov 2024 | HK$26.4b | HK$32.5b | HK$1.7b | 6.3x | 15.2x | 0.8x |
| Mon, 30 Sep 2024 | HK$27.1b | HK$32.5b | HK$1.7b | 6.2x | 15.7x | 0.8x |
| Wed, 28 Aug 2024 | HK$21.9b | HK$33.4b | HK$2.4b | 4.9x | 9x | 0.7x |
| Fri, 26 Jul 2024 | HK$21.5b | HK$33.0b | HK$2.4b | 5.2x | 9x | 0.7x |
| Sun, 23 Jun 2024 | HK$26.7b | HK$33.0b | HK$2.4b | 4.6x | 11.2x | 0.8x |
| Tue, 21 May 2024 | HK$31.7b | HK$33.0b | HK$2.4b | 5.2x | 13.3x | 1x |
| Thu, 18 Apr 2024 | HK$24.8b | HK$30.4b | HK$2.0b | 5.4x | 12.2x | 0.8x |
| Sat, 16 Mar 2024 | HK$26.6b | HK$31.2b | HK$2.4b | 7.4x | 11x | 0.9x |
| Mon, 12 Feb 2024 | HK$22.9b | HK$31.1b | HK$2.4b | 7.6x | 9.6x | 0.7x |
| Wed, 10 Jan 2024 | HK$25.0b | HK$31.2b | HK$2.4b | 5.9x | 10.4x | 0.8x |
| Fri, 08 Dec 2023 | HK$26.0b | HK$31.1b | HK$2.4b | 6x | 10.8x | 0.8x |
| Sun, 05 Nov 2023 | HK$27.5b | HK$31.4b | HK$2.3b | 5.8x | 11.7x | 0.9x |
| Tue, 03 Oct 2023 | HK$28.0b | HK$31.4b | HK$2.3b | 6.2x | 11.9x | 0.9x |
| Thu, 31 Aug 2023 | HK$29.1b | HK$32.3b | HK$2.5b | 8.9x | 11.7x | 0.9x |
| Sat, 29 Jul 2023 | HK$32.3b | HK$32.9b | HK$2.5b | 9x | 12.9x | 1x |
| Mon, 26 Jun 2023 | HK$26.7b | HK$32.9b | HK$2.5b | 8.4x | 10.6x | 0.8x |
Price to Earnings Ratio
10.6x
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 11.9x 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 0.80x.
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 | -2.20% | |
| Consumer Discretionary | -3.95% | |
| Consumer Durables | -2.90% | |
| Home Furnishings | -6.84% | |
| Housewares and Specialties | -0.36% | |
| Homebuilding | -1.48% | |
| Household Appliances | -1.67% | |
| Consumer Electronics | -3.05% | |
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$0.28 | 12.0% +HK$24.2m | 214.6% | PE287.5x | |
| 1418 Sinomax Group | HK$0.16 | 7.3% +HK$19.3m | -46.3% | PE4.7x | |
| 1198 Royale Home Holdings | HK$0.09 | 4.7% +HK$10.4m | -69.0% | PS0.5x |