Narrative Update • Jun 22

The Restaurants industry is up 6.6% in the last week, with Meituan up 11%. In the same time, MIXUE Group was down 5.5%. However, the industry is down 40% over the past year. Looking forward, earnings are forecast to grow by 57% annually.
Has the Hong Kong Restaurants Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Jul 2026 | HK$700.5b | HK$612.9b | -HK$28,307,112,767.44 | 14.4x | -24.7x | 1.1x |
| Tue, 02 Jun 2026 | HK$743.1b | HK$608.4b | -HK$8,888,742,357.54 | 15.4x | -83.6x | 1.2x |
| Thu, 30 Apr 2026 | HK$834.0b | HK$602.5b | -HK$8,735,218,048.85 | 17.2x | -95.5x | 1.4x |
| Sat, 28 Mar 2026 | HK$845.6b | HK$595.7b | -HK$9,228,734,402.24 | 17.7x | -91.6x | 1.4x |
| Mon, 23 Feb 2026 | HK$874.2b | HK$580.8b | HK$13.1b | 20.7x | 66.7x | 1.5x |
| Wed, 21 Jan 2026 | HK$989.0b | HK$575.6b | HK$13.0b | 20.4x | 76.2x | 1.7x |
| Fri, 19 Dec 2025 | HK$982.4b | HK$568.0b | HK$12.8b | 21x | 76.9x | 1.7x |
| Sun, 16 Nov 2025 | HK$972.9b | HK$559.7b | HK$47.4b | 18.7x | 20.5x | 1.7x |
| Tue, 14 Oct 2025 | HK$884.1b | HK$557.5b | HK$47.2b | 19x | 18.7x | 1.6x |
| Thu, 11 Sep 2025 | HK$893.7b | HK$558.9b | HK$47.4b | 19.6x | 18.9x | 1.6x |
| Sat, 09 Aug 2025 | HK$1.1t | HK$545.1b | HK$56.8b | 20.1x | 20x | 2.1x |
| Mon, 07 Jul 2025 | HK$1.2t | HK$546.4b | HK$57.0b | 19.6x | 20.4x | 2.1x |
| Wed, 04 Jun 2025 | HK$1.3t | HK$544.5b | HK$56.9b | 18.9x | 22.6x | 2.4x |
| Fri, 02 May 2025 | HK$1.2t | HK$511.2b | HK$49.8b | 19.6x | 23.9x | 2.3x |
| Sun, 30 Mar 2025 | HK$1.3t | HK$512.8b | HK$50.3b | 19.9x | 26.6x | 2.6x |
| Tue, 25 Feb 2025 | HK$1.2t | HK$473.3b | HK$41.8b | 19.2x | 28x | 2.5x |
| Thu, 23 Jan 2025 | HK$1.0t | HK$464.2b | HK$40.5b | 16.8x | 25.9x | 2.3x |
| Sat, 21 Dec 2024 | HK$1.1t | HK$457.0b | HK$39.8b | 18.5x | 27.9x | 2.4x |
| Mon, 18 Nov 2024 | HK$1.1t | HK$442.4b | HK$30.0b | 14.8x | 38.2x | 2.6x |
| Wed, 16 Oct 2024 | HK$1.2t | HK$448.2b | HK$30.4b | 15.2x | 38x | 2.6x |
| Fri, 13 Sep 2024 | HK$852.1b | HK$449.7b | HK$30.5b | 13.2x | 27.9x | 1.9x |
| Sun, 11 Aug 2024 | HK$764.0b | HK$428.9b | HK$25.1b | 8.6x | 30.4x | 1.8x |
| Tue, 09 Jul 2024 | HK$851.9b | HK$423.8b | HK$24.8b | 11.5x | 34.3x | 2x |
| Thu, 06 Jun 2024 | HK$860.5b | HK$408.7b | HK$22.6b | 11.4x | 38x | 2.1x |
| Sat, 04 May 2024 | HK$916.4b | HK$409.4b | HK$22.7b | 10.1x | 40.4x | 2.2x |
| Mon, 01 Apr 2024 | HK$745.2b | HK$404.6b | HK$21.5b | 9.9x | 34.6x | 1.8x |
| Wed, 28 Feb 2024 | HK$637.8b | HK$380.8b | HK$15.0b | 15.8x | 42.6x | 1.7x |
| Fri, 26 Jan 2024 | HK$554.0b | HK$382.1b | HK$15.0b | 15.6x | 36.9x | 1.4x |
| Sun, 24 Dec 2023 | HK$605.1b | HK$383.7b | HK$15.1b | 18.2x | 40.1x | 1.6x |
| Tue, 21 Nov 2023 | HK$837.2b | HK$365.2b | HK$12.3b | 16x | 68x | 2.3x |
| Thu, 19 Oct 2023 | HK$888.1b | HK$360.0b | HK$12.2b | 16.7x | 73.1x | 2.5x |
| Sat, 16 Sep 2023 | HK$957.9b | HK$361.8b | HK$12.2b | 18.9x | 78.5x | 2.6x |
| Mon, 14 Aug 2023 | HK$1.1t | HK$335.6b | HK$824.1m | 16.7x | 1297.1x | 3.2x |
| Wed, 12 Jul 2023 | HK$936.0b | HK$337.4b | HK$848.4m | 16.5x | 1103.3x | 2.8x |
1103.3x
How does Hong Kong Restaurants compare with similar industries?
| HK Market | 1.13% | |
| Consumer Discretionary | 6.07% | |
| Hospitality | 5.18% | |
| Restaurants | 6.56% | |
| Casinos and Gaming | 4.07% | |
| Hotels, Resorts and Cruise Lines | -0.35% | |
| Leisure Facilities | -1.00% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3690 Meituan | HK$71.60 | 11.4% +HK$45.4b | -40.7% | PS1x | |
| 6862 Haidilao International Holding | HK$11.18 | 2.9% +HK$1.7b | -24.3% | PE13.3x | |
| 1364 Guming Holdings | HK$21.70 | 3.2% +HK$1.6b | -16.5% | PE14.4x | |
| 9869 Helens International Holdings | HK$2.02 | 27.8% +HK$531.2m | 53.0% | PE62.1x | |
| 999 Xiaocaiyuan International Holding | HK$7.00 | 6.4% +HK$494.1m | -31.1% | PE10x |