Hong Kong (HSI) Luxury Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Luxury Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 04 Jun 2026	HK$781.6b	HK$647.9b	HK$59.3b	9.3x	13.2x	1.2x
Sat, 02 May 2026	HK$811.7b	HK$645.3b	HK$59.4b	10.1x	13.7x	1.3x
Mon, 30 Mar 2026	HK$825.6b	HK$640.2b	HK$59.3b	9.3x	13.9x	1.3x
Wed, 25 Feb 2026	HK$930.7b	HK$624.5b	HK$57.1b	10.6x	16.3x	1.5x
Fri, 23 Jan 2026	HK$897.2b	HK$618.1b	HK$56.3b	10.5x	15.9x	1.5x
Sun, 21 Dec 2025	HK$893.1b	HK$614.0b	HK$55.9b	10.5x	16x	1.5x
Tue, 18 Nov 2025	HK$913.1b	HK$610.3b	HK$55.2b	10.3x	16.6x	1.5x
Thu, 16 Oct 2025	HK$900.3b	HK$610.6b	HK$55.3b	9.5x	16.3x	1.5x
Sat, 13 Sep 2025	HK$912.5b	HK$611.5b	HK$55.6b	10.1x	16.4x	1.5x
Mon, 11 Aug 2025	HK$879.8b	HK$595.7b	HK$54.4b	10.7x	16.2x	1.5x
Wed, 09 Jul 2025	HK$944.2b	HK$594.8b	HK$54.4b	9.5x	17.3x	1.6x
Fri, 06 Jun 2025	HK$906.6b	HK$591.9b	HK$53.3b	9.5x	17x	1.5x
Sun, 04 May 2025	HK$851.4b	HK$582.0b	HK$52.7b	9x	16.2x	1.5x
Tue, 01 Apr 2025	HK$868.6b	HK$579.0b	HK$52.2b	10.5x	16.6x	1.5x
Thu, 27 Feb 2025	HK$886.8b	HK$566.5b	HK$48.6b	9.9x	18.2x	1.6x
Sat, 25 Jan 2025	HK$830.0b	HK$567.7b	HK$48.9b	9.8x	17x	1.5x
Mon, 23 Dec 2024	HK$806.8b	HK$564.6b	HK$48.6b	9.5x	16.6x	1.4x
Wed, 20 Nov 2024	HK$788.4b	HK$543.1b	HK$47.9b	8.6x	16.5x	1.5x
Fri, 18 Oct 2024	HK$782.1b	HK$546.7b	HK$48.1b	9.1x	16.3x	1.4x
Sun, 15 Sep 2024	HK$680.0b	HK$550.2b	HK$48.6b	7.7x	14x	1.2x
Tue, 13 Aug 2024	HK$711.3b	HK$531.8b	HK$41.8b	9.7x	17x	1.3x
Thu, 11 Jul 2024	HK$737.0b	HK$526.4b	HK$40.8b	10.3x	18x	1.4x
Sat, 08 Jun 2024	HK$854.4b	HK$518.3b	HK$40.5b	10.7x	21.1x	1.6x
Mon, 06 May 2024	HK$874.9b	HK$518.9b	HK$40.2b	12x	21.8x	1.7x
Wed, 03 Apr 2024	HK$825.2b	HK$519.7b	HK$40.3b	11.1x	20.5x	1.6x
Fri, 01 Mar 2024	HK$740.5b	HK$526.2b	HK$35.4b	9.4x	20.9x	1.4x
Sun, 28 Jan 2024	HK$691.2b	HK$527.0b	HK$35.2b	8.9x	19.6x	1.3x
Tue, 26 Dec 2023	HK$714.6b	HK$527.8b	HK$35.3b	9.1x	20.2x	1.4x
Thu, 23 Nov 2023	HK$756.0b	HK$527.7b	HK$35.5b	8.1x	21.3x	1.4x
Sat, 21 Oct 2023	HK$802.0b	HK$524.5b	HK$34.9b	8.2x	23x	1.5x
Mon, 18 Sep 2023	HK$822.0b	HK$524.9b	HK$34.8b	8.7x	23.6x	1.6x
Wed, 16 Aug 2023	HK$844.1b	HK$527.4b	HK$36.0b	10.4x	23.5x	1.6x
Fri, 14 Jul 2023	HK$856.1b	HK$530.1b	HK$35.8b	10x	23.9x	1.6x
Sun, 11 Jun 2023	HK$847.6b	HK$533.3b	HK$35.1b	9.1x	24.2x	1.6x

Current Industry PE

Investors are pessimistic on the Hong Kong Luxury 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 13.2x which is lower than its 3-year average PE of 18.2x.

The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Luxury industry have grown 19% per year over the last three years.
Revenues for these companies have grown 6.7% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?


HK Market	0.58%
Consumer Discretionary	1.87%
Luxury	1.09%
Footwear	4.41%
Apparel, Accessories and Luxury Goods	1.53%
Textiles	-8.65%

Industry PE

Investors are most optimistic about the Textiles industry even though it's trading below its 3-year average PE ratio of 66.0x.

Analysts are expecting annual earnings growth of 9.2%, which is higher than its past year's earnings decline of 6.3% per year.

Investors are most pessimistic about the Footwear industry, which is trading close to its 3-year average of 12.0x.

Forecasted Growth

Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 9.6% over the next 5 years.
This is better than its past earnings growth rate of 2.0% per year.

In contrast, the Footwear industry is expected to see its earnings grow by 6.8% 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
6181 Laopu Gold	HK$509.00	4.4% +HK$3.8b	-43.7%	PE16x
3998 Bosideng International Holdings	HK$4.41	4.8% +HK$2.3b	0.7%	PE12.4x
1913 Prada	HK$37.00	1.8% +HK$1.6b	-27.2%	PE12.2x
2232 Crystal International Group	HK$6.20	6.9% +HK$1.1b	24.0%	PE10x
1368 Xtep International Holdings	HK$4.49	8.7% +HK$980.7m	-22.7%	PE7.7x

C.banner International Holdings Limited Announces Board and Committee Changes, with Effect from 28 May 2026

The board of directors of C.banner International Holdings Limited announced that Mr. XU Chengming (‘Mr. XU’) has tendered his resignation as an independent non-executive Director (the ‘INED’) and accordingly ceased to be the chairman of the remuneration committee of the Company (the ‘Remuneration Committee’) and a member of each of the nomination committee of the Company (the ‘Nomination Committee’) and the audit committee of the Company (the ‘Audit Committee’) with effect from 28 May 2026 due to his other personal and business commitments. Mr. XU has confirmed that (a) he has no claim against the Company in respect of his resignation; (b) he has no disagreement with the Board; and (c) there is no other matter relating to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board also announced that Dr. WANG Meng (‘Dr. WANG’) has been appointed as an INED and a member of each of the Nomination Committee, the Remuneration Committee and the Audit Committee, with effect from 28 May 2026. Dr. WANG, aged 36, is currently an Associate Research Fellow in the field of artificial intelligence and a co-supervisor for doctoral students at Beihang University. He brings interdisciplinary educational and research experience spanning mechanical engineering, electronics, design, and computer science, with research and professional expertise focused on robotics, tactile perception, and human-computer interaction. Dr. WANG has published more than 20 papers in leading international conferences and journals, and holds over 10 national invention patents. He is a Senior Member of the China Computer Federation (CCF) and the recipient of the 2024 ACM SIGCHI GMTA Award. Dr. WANG received his Bachelor's degree from the Department of Precision Instruments and Mechanology at Tsinghua University in 2013, along with a second degree in Digital Entertainment Design. He obtained his Master's degree in Information Art and Design (interdisciplinary) from Tsinghua University in 2016, followed by a Doctor of Philosophy in Arts (Design) from Tsinghua University in 2019. He subsequently conducted postdoctoral research at the Future Laboratory, Tsinghua University. The Board further announced the following changes in the composition of the board committees with effect from 28 May 2026: Mr. XU has ceased to serve as the chairman of the Remuneration Committee and a member of each of the Nomination Committee and the Audit Committee; Dr. WANG has been appointed as a member of each of the Remuneration Committee, Nomination Committee and the Audit Committee; and Mr. KWONG Wai Sun Wilson will act as the chairman of the Remuneration Committee.

Hong Kong (HSI) Luxury Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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