Narrative Update • Jun 17
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Hong Kong (HSI) Consumer Services Industry Analysis
UpdatedJun 23, 2026
DataAggregated Company Financials
Companies61
- 7D-3.1%
- 3M-14.4%
- 1Y-29.6%
- YTD-27.1%
Over the last 7 days, the Consumer Services industry has dropped 5.4%, driven by China East Education Holdings declining 10%. In contrast, Shanghai Able Digital Science&Tech has gained 6.2%. However, the industry is down 28% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Hong Kong Consumer Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | HK$79.0b | HK$79.2b | HK$10.1b | 6.8x | 7.8x | 1x |
| Thu, 21 May 2026 | HK$89.7b | HK$80.7b | HK$9.8b | 7.2x | 9.1x | 1.1x |
| Sat, 18 Apr 2026 | HK$94.3b | HK$80.3b | HK$10.0b | 7.2x | 9.4x | 1.2x |
| Mon, 16 Mar 2026 | HK$100.5b | HK$78.9b | HK$10.4b | 7.6x | 9.7x | 1.3x |
| Wed, 11 Feb 2026 | HK$111.6b | HK$78.7b | HK$10.2b | 7.8x | 10.9x | 1.4x |
| Fri, 09 Jan 2026 | HK$114.2b | HK$77.8b | HK$10.1b | 8.4x | 11.3x | 1.5x |
| Sun, 07 Dec 2025 | HK$106.5b | HK$76.0b | HK$9.9b | 6.3x | 10.8x | 1.4x |
| Tue, 04 Nov 2025 | HK$110.3b | HK$72.8b | HK$9.8b | 6.7x | 11.3x | 1.5x |
| Thu, 02 Oct 2025 | HK$117.0b | HK$72.8b | HK$9.8b | 7.1x | 11.9x | 1.6x |
| Sat, 30 Aug 2025 | HK$117.0b | HK$73.6b | HK$10.4b | 7.3x | 11.3x | 1.6x |
| Mon, 28 Jul 2025 | HK$117.7b | HK$72.6b | HK$9.9b | 8.8x | 11.9x | 1.6x |
| Wed, 25 Jun 2025 | HK$106.1b | HK$72.9b | HK$9.9b | 8x | 10.7x | 1.5x |
| Fri, 23 May 2025 | HK$101.2b | HK$73.0b | HK$10.0b | 9.7x | 10.1x | 1.4x |
| Sun, 20 Apr 2025 | HK$94.4b | HK$70.4b | HK$9.4b | 9.3x | 10.1x | 1.3x |
| Tue, 18 Mar 2025 | HK$97.8b | HK$70.5b | HK$9.9b | 10x | 9.8x | 1.4x |
| Thu, 13 Feb 2025 | HK$98.8b | HK$70.0b | HK$10.2b | 9.1x | 9.7x | 1.4x |
| Sat, 11 Jan 2025 | HK$89.7b | HK$69.8b | HK$10.2b | 8.9x | 8.8x | 1.3x |
| Mon, 09 Dec 2024 | HK$99.1b | HK$70.3b | HK$10.3b | 7.8x | 9.6x | 1.4x |
| Wed, 06 Nov 2024 | HK$122.2b | HK$70.1b | HK$10.7b | 6.1x | 11.4x | 1.7x |
| Fri, 04 Oct 2024 | HK$111.6b | HK$70.2b | HK$10.8b | 6.9x | 10.4x | 1.6x |
| Sun, 01 Sep 2024 | HK$96.5b | HK$69.9b | HK$10.7b | 6.6x | 9x | 1.4x |
| Tue, 30 Jul 2024 | HK$98.2b | HK$68.4b | HK$12.0b | 6.3x | 8.2x | 1.4x |
| Thu, 27 Jun 2024 | HK$110.3b | HK$68.1b | HK$11.9b | 6.6x | 9.2x | 1.6x |
| Sat, 25 May 2024 | HK$107.8b | HK$67.8b | HK$12.0b | 6x | 9x | 1.6x |
| Mon, 22 Apr 2024 | HK$100.1b | HK$65.5b | HK$12.4b | 6.8x | 8.1x | 1.5x |
| Wed, 20 Mar 2024 | HK$129.1b | HK$67.6b | HK$10.3b | 7.9x | 12.6x | 1.9x |
| Fri, 16 Feb 2024 | HK$121.8b | HK$68.0b | HK$10.4b | 8.4x | 11.7x | 1.8x |
| Sun, 14 Jan 2024 | HK$131.3b | HK$67.3b | HK$10.7b | 8.9x | 12.3x | 1.9x |
| Tue, 12 Dec 2023 | HK$144.1b | HK$67.1b | HK$10.6b | 7.9x | 13.5x | 2.1x |
| Thu, 09 Nov 2023 | HK$158.7b | HK$63.8b | HK$11.0b | 8x | 14.5x | 2.5x |
| Sat, 07 Oct 2023 | HK$150.3b | HK$63.7b | HK$10.1b | 8.3x | 14.9x | 2.4x |
| Mon, 04 Sep 2023 | HK$160.2b | HK$64.0b | HK$10.1b | 8.4x | 15.8x | 2.5x |
| Wed, 02 Aug 2023 | HK$155.5b | HK$56.6b | HK$10.9b | 9.6x | 14.3x | 2.7x |
| Fri, 30 Jun 2023 | HK$131.9b | HK$56.2b | HK$10.6b | 9x | 12.4x | 2.3x |
Price to Earnings Ratio
12.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong Consumer Services 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 7.7x which is lower than its 3-year average PE of 10.9x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 0.99x.
Past Earnings Growth
- The earnings for companies in the Consumer Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 | -4.48% | |
| Consumer Discretionary | -7.41% | |
| Consumer Services | -3.11% | |
| Specialized Consumer Services | -1.31% | |
| Education Services | -3.91% | |
Industry PE
- Investors are most optimistic about the Specialized Consumer Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.9%, which is higher than its past year's earnings growth of 17.3% per year.
- Investors are most pessimistic about the Education Services industry, which is trading below its 3-year average of 8.6x.
Forecasted Growth
- Analysts are most optimistic on the Specialized Consumer Services industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 17% per year.
- In contrast, the Education Services industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| 8603 Fameglow Holdings | HK$13.82 | 24.7% +HK$2.2b | 979.7% | PE207.1x | |
| 2687 Shanghai Able Digital Science&Tech | HK$140.40 | 6.0% +HK$533.3m | n/a | PE62.1x | |
| 1752 Top Education Group | HK$0.13 | 47.1% +HK$88.5m | 141.5% | PE13.9x | |
| 1525 Shanghai Gench Education Group | HK$2.04 | 11.5% +HK$82.8m | -30.6% | PE2.9x | |
| 1851 China Gingko Education Group | HK$7.17 | 2.0% +HK$70.0m | 387.8% | PE19.1x |