Narrative Update • Jun 02
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Hong Kong (HSI) Luxury Industry Analysis
UpdatedJun 03, 2026
DataAggregated Company Financials
Companies110
- 7D2.1%
- 3M-9.9%
- 1Y-14.1%
- YTD-9.7%
In the last week, the Luxury industry is up 2.1%, with Prada up 4.3%. During this same period, the Star Shine Holdings Group underperformed, falling 17%. In the past year, the industry is down 14%. As for the next few years, earnings are expected to grow by 9.4% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | HK$794.4b | HK$648.2b | HK$59.4b | 9.3x | 13.4x | 1.2x |
| Fri, 01 May 2026 | HK$811.7b | HK$645.1b | HK$59.4b | 10.1x | 13.7x | 1.3x |
| Sun, 29 Mar 2026 | HK$825.5b | HK$640.2b | HK$59.2b | 9.3x | 13.9x | 1.3x |
| Tue, 24 Feb 2026 | HK$951.7b | HK$623.0b | HK$56.9b | 10.7x | 16.7x | 1.5x |
| Thu, 22 Jan 2026 | HK$892.8b | HK$618.8b | HK$56.4b | 10.4x | 15.8x | 1.4x |
| Sat, 20 Dec 2025 | HK$893.1b | HK$614.0b | HK$55.9b | 10.5x | 16x | 1.5x |
| Mon, 17 Nov 2025 | HK$915.0b | HK$610.7b | HK$55.2b | 10.1x | 16.6x | 1.5x |
| Wed, 15 Oct 2025 | HK$871.8b | HK$609.8b | HK$55.2b | 9.4x | 15.8x | 1.4x |
| Fri, 12 Sep 2025 | HK$921.4b | HK$611.6b | HK$55.6b | 10x | 16.6x | 1.5x |
| Sun, 10 Aug 2025 | HK$879.8b | HK$595.7b | HK$54.4b | 10.7x | 16.2x | 1.5x |
| Tue, 08 Jul 2025 | HK$932.2b | HK$594.8b | HK$54.4b | 9.3x | 17.1x | 1.6x |
| Thu, 05 Jun 2025 | HK$919.7b | HK$591.3b | HK$53.2b | 9.5x | 17.3x | 1.6x |
| Sat, 03 May 2025 | HK$851.4b | HK$582.2b | HK$52.7b | 9x | 16.2x | 1.5x |
| Mon, 31 Mar 2025 | HK$887.3b | HK$578.7b | HK$52.1b | 10.7x | 17x | 1.5x |
| Wed, 26 Feb 2025 | HK$870.2b | HK$566.1b | HK$48.6b | 10x | 17.9x | 1.5x |
| Fri, 24 Jan 2025 | HK$816.2b | HK$565.7b | HK$48.7b | 9.9x | 16.8x | 1.4x |
| Sun, 22 Dec 2024 | HK$806.8b | HK$564.6b | HK$48.6b | 9.5x | 16.6x | 1.4x |
| Tue, 19 Nov 2024 | HK$776.5b | HK$543.5b | HK$48.0b | 8.4x | 16.2x | 1.4x |
| Thu, 17 Oct 2024 | HK$795.4b | HK$547.1b | HK$48.1b | 9.1x | 16.5x | 1.5x |
| Sat, 14 Sep 2024 | HK$680.1b | HK$550.1b | HK$48.6b | 7.7x | 14x | 1.2x |
| Mon, 12 Aug 2024 | HK$717.4b | HK$532.4b | HK$41.9b | 9.7x | 17.1x | 1.3x |
| Wed, 10 Jul 2024 | HK$742.5b | HK$526.6b | HK$40.9b | 10.5x | 18.2x | 1.4x |
| Fri, 07 Jun 2024 | HK$849.8b | HK$518.2b | HK$40.5b | 10.8x | 21x | 1.6x |
| Sun, 05 May 2024 | HK$874.9b | HK$518.9b | HK$40.2b | 12x | 21.8x | 1.7x |
| Tue, 02 Apr 2024 | HK$804.4b | HK$519.9b | HK$40.3b | 11x | 20x | 1.5x |
| Thu, 29 Feb 2024 | HK$733.5b | HK$526.0b | HK$35.4b | 9.3x | 20.7x | 1.4x |
| Sat, 27 Jan 2024 | HK$691.2b | HK$527.6b | HK$35.3b | 8.9x | 19.6x | 1.3x |
| Mon, 25 Dec 2023 | HK$714.6b | HK$528.0b | HK$35.4b | 9.1x | 20.2x | 1.4x |
| Wed, 22 Nov 2023 | HK$756.5b | HK$528.1b | HK$35.6b | 8.3x | 21.3x | 1.4x |
| Fri, 20 Oct 2023 | HK$804.5b | HK$524.6b | HK$34.9b | 8.1x | 23.1x | 1.5x |
| Sun, 17 Sep 2023 | HK$822.0b | HK$524.9b | HK$34.8b | 8.7x | 23.6x | 1.6x |
| Tue, 15 Aug 2023 | HK$854.4b | HK$528.0b | HK$36.0b | 10.7x | 23.7x | 1.6x |
| Thu, 13 Jul 2023 | HK$849.6b | HK$528.8b | HK$35.7b | 9.9x | 23.8x | 1.6x |
| Sat, 10 Jun 2023 | HK$847.7b | HK$533.3b | HK$35.1b | 9.1x | 24.2x | 1.6x |
Price to Earnings Ratio
24.2x
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 13.4x 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 | 0.71% | |
| Consumer Discretionary | 3.33% | |
| Luxury | 2.12% | |
| Footwear | 4.33% | |
| Apparel, Accessories and Luxury Goods | 2.97% | |
| Textiles | -11.89% | |
Industry PE
- Investors are most optimistic about the Textiles industry even though it's trading below its 3-year average PE ratio of 66.3x.
- 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 12.1x.
Forecasted Growth
- Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 9.5% 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 | |
|---|---|---|---|---|---|
| 1913 Prada | HK$37.70 | 4.3% +HK$4.0b | -24.6% | PE12.4x | |
| 6181 Laopu Gold | HK$518.00 | 3.4% +HK$3.0b | -47.9% | PE16.2x | |
| 3998 Bosideng International Holdings | HK$4.49 | 5.9% +HK$2.9b | 2.3% | PE12.6x | |
| 2232 Crystal International Group | HK$6.23 | 6.3% +HK$1.1b | 24.4% | PE10.1x | |
| 1028 C.banner International Holdings | HK$1.69 | 31.0% +HK$997.0m | 595.5% | PS3x |
