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Hong Kong (HSI) Luxury Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies108
  • 7D0.7%
  • 3M-0.3%
  • 1Y5.7%
  • YTD3.3%

Last week, the Luxury industry hasn't moved much but Laopu Gold is up 18% in that time. As for the the longer term, the industry is up 5.7% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026HK$907.1bHK$619.8bHK$56.6b9.8x16x1.5x
Fri, 26 Dec 2025HK$891.8bHK$615.3bHK$56.0b10.3x15.9x1.4x
Sun, 23 Nov 2025HK$893.5bHK$610.5bHK$55.2b10.1x16.2x1.5x
Tue, 21 Oct 2025HK$912.7bHK$610.7bHK$55.3b9.4x16.5x1.5x
Thu, 18 Sep 2025HK$938.7bHK$612.3bHK$55.7b9.9x16.9x1.5x
Sat, 16 Aug 2025HK$900.7bHK$595.5bHK$54.4b10.4x16.6x1.5x
Mon, 14 Jul 2025HK$901.2bHK$594.9bHK$54.4b9.4x16.6x1.5x
Wed, 11 Jun 2025HK$913.3bHK$591.8bHK$53.3b9.2x17.1x1.5x
Fri, 09 May 2025HK$851.6bHK$584.7bHK$53.0b9.1x16.1x1.5x
Sun, 06 Apr 2025HK$851.1bHK$581.8bHK$52.8b9.6x16.1x1.5x
Tue, 04 Mar 2025HK$888.3bHK$565.3bHK$48.5b9.5x18.3x1.6x
Thu, 30 Jan 2025HK$845.8bHK$567.5bHK$48.9b9.5x17.3x1.5x
Sat, 28 Dec 2024HK$810.6bHK$563.7bHK$48.5b9.8x16.7x1.4x
Mon, 25 Nov 2024HK$779.5bHK$542.8bHK$47.8b8.8x16.3x1.4x
Wed, 23 Oct 2024HK$805.5bHK$546.6bHK$48.1b9x16.8x1.5x
Fri, 20 Sep 2024HK$699.7bHK$551.4bHK$48.8b8.5x14.3x1.3x
Sun, 18 Aug 2024HK$709.7bHK$533.2bHK$42.3b10x16.8x1.3x
Tue, 16 Jul 2024HK$748.6bHK$526.9bHK$40.9b10.6x18.3x1.4x
Thu, 13 Jun 2024HK$837.8bHK$517.6bHK$40.4b10.6x20.7x1.6x
Sat, 11 May 2024HK$881.0bHK$519.5bHK$40.3b12.3x21.9x1.7x
Mon, 08 Apr 2024HK$817.3bHK$520.1bHK$40.4b11.1x20.2x1.6x
Wed, 06 Mar 2024HK$731.3bHK$525.9bHK$35.4b9.5x20.7x1.4x
Fri, 02 Feb 2024HK$673.5bHK$526.0bHK$35.2b8.7x19.2x1.3x
Sun, 31 Dec 2023HK$732.0bHK$529.1bHK$35.5b9.2x20.6x1.4x
Tue, 28 Nov 2023HK$741.5bHK$526.7bHK$35.3b8.4x21x1.4x
Thu, 26 Oct 2023HK$799.9bHK$524.5bHK$34.9b8.2x22.9x1.5x
Sat, 23 Sep 2023HK$809.6bHK$523.6bHK$34.7b8.6x23.3x1.5x
Mon, 21 Aug 2023HK$819.1bHK$529.0bHK$34.7b9.6x23.6x1.5x
Wed, 19 Jul 2023HK$853.1bHK$529.3bHK$35.7b9.9x23.9x1.6x
Fri, 16 Jun 2023HK$891.9bHK$531.4bHK$34.9b9.3x25.5x1.7x
Sun, 14 May 2023HK$883.6bHK$540.1bHK$35.7b9.1x24.8x1.6x
Tue, 11 Apr 2023HK$969.9bHK$541.1bHK$35.8b9x27.1x1.8x
Thu, 09 Mar 2023HK$988.3bHK$534.7bHK$39.0b8.3x25.3x1.8x
Sat, 04 Feb 2023HK$1.1tHK$544.7bHK$40.1b9x26.8x2x
Price to Earnings Ratio

26.8x


Total Market Cap: HK$1.1tTotal Earnings: HK$40.1bTotal Revenue: HK$544.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Luxury Industry Price to Earnings3Y Average 19.5x202420252026
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 16.0x which is lower than its 3-year average PE of 19.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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 Market0.82%
Consumer Discretionary1.67%
Luxury0.69%
Apparel, Accessories and Luxury Goods1.00%
Textiles-0.061%
Footwear-2.85%
Industry PE
  • Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 19.9x.
    • Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings growth of 9.7% per year.
  • Investors are most pessimistic about the Footwear industry, which is trading close to its 3-year average of 12.4x.
Forecasted Growth
  • Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 9.7% per year.
  • In contrast, the Footwear industry is expected to see its earnings grow by 9.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
6181 Laopu GoldHK$822.0018.3%
+HK$22.4b		97.6%PE41x
116 Chow Sang Sang Holdings InternationalHK$15.0510.3%
+HK$940.4m		128.4%PE8.6x
2232 Crystal International GroupHK$7.253.0%
+HK$599.1m		56.6%PE12.3x
3998 Bosideng International HoldingsHK$4.560.4%
+HK$232.3m		21.6%PE13.2x
2678 Texhong International GroupHK$5.534.1%
+HK$201.7m		39.6%PE6.5x

Latest News

3306
HK$18.63
JNBY Design
7D
-7.9%
1Y
12.6%

JNBY Design Limited's (HKG:3306) Low P/E No Reason For Excitement

Jan 27
JNBY Design Limited's (HKG:3306) Low P/E No Reason For Excitement
2020
HK$77.90
ANTA Sports Products
7D
-5.6%
1Y
-5.6%
3389
HK$0.17
Hengdeli Holdings
7D
20.9%
1Y
36.6%

There's Reason For Concern Over Hengdeli Holdings Limited's (HKG:3389) Massive 31% Price Jump

Jan 26
There's Reason For Concern Over Hengdeli Holdings Limited's (HKG:3389) Massive 31% Price Jump
2331
HK$20.30
Li Ning
7D
-5.5%
1Y
26.7%

2331: Potential Puma Bid Will Support Future Upside And Brand Expansion Potential

Analysts have slightly increased their fair value estimate for Li Ning to HK$34.13 from HK$34.06, citing updated assumptions around revenue growth, profit margin and future P/E multiples. What's in the News Media reports suggest Li Ning is among potential bidders exploring a possible takeover of German sportswear brand Puma SE, alongside ANTA Sports Products and ASICS Corporation (Bloomberg/Reuters report).
2313
HK$61.85
Shenzhou International Group Holdings
7D
-2.6%
1Y
5.5%
3998
HK$4.56
Bosideng International Holdings
7D
0.4%
1Y
21.6%

The Trend Of High Returns At Bosideng International Holdings (HKG:3998) Has Us Very Interested

Jan 26
The Trend Of High Returns At Bosideng International Holdings (HKG:3998) Has Us Very Interested
321
HK$1.21
Texwinca Holdings
7D
9.0%
1Y
61.3%
1368
HK$5.01
Xtep International Holdings
7D
-4.2%
1Y
-16.5%

1368: Future Returns Will Reflect Stable Core Brand And Strong Premium Segment

Analysts have raised their fair value estimate for Xtep International Holdings slightly to US$6.18 from US$6.17, citing modest adjustments to their discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Board meeting scheduled for March 26, 2026, to consider and approve audited annual results for the year ended December 31, 2025, and to consider a final dividend payment (Key Developments).
1913
HK$41.18
Prada
7D
-1.4%
1Y
-34.3%

1913: Recovery Setup In 2026 Balances Margin Concerns And Reduced Market Multiple

Prada’s updated analyst price target moves from about $45.04 to $40.27, as analysts factor in higher assumed revenue growth, slightly lower profit margins, and a reduced future P/E, while still describing a potential recovery setup for luxury in 2026. Analyst Commentary Recent research frames Prada as part of a potential recovery setup for luxury in 2026.
6181
HK$822.00
Laopu Gold
7D
18.3%
1Y
97.6%
1910
HK$20.52
Samsonite Group
7D
-3.0%
1Y
-9.2%

1910: Private Placement And CFO Transition Will Shape A Measured Outlook

Analysts have raised their price target on Samsonite Group from $13.97 to $19.80, citing updated assumptions for revenue growth, profit margins, and a higher forward P/E multiple. What's in the News Samsonite Group S.A. closed a private placement transaction on December 29, 2025, indicating that a financing deal has been completed rather than just announced (Key Developments).
2678
HK$5.53
Texhong International Group
7D
4.1%
1Y
39.6%

Why Texhong International Group Limited (HKG:2678) Could Be Worth Watching

Jan 19
Why Texhong International Group Limited (HKG:2678) Could Be Worth Watching
116
HK$15.05
Chow Sang Sang Holdings International
7D
10.3%
1Y
128.4%

Should You Be Adding Chow Sang Sang Holdings International (HKG:116) To Your Watchlist Today?

Jan 16
Should You Be Adding Chow Sang Sang Holdings International (HKG:116) To Your Watchlist Today?
2232
HK$7.25
Crystal International Group
7D
3.0%
1Y
56.6%

Should You Be Adding Crystal International Group (HKG:2232) To Your Watchlist Today?

Jan 12
Should You Be Adding Crystal International Group (HKG:2232) To Your Watchlist Today?
933
HK$0.64
Viva Goods
7D
-8.6%
1Y
8.5%
2583
HK$197.60
Shenzhen Hipine Precision Technology
7D
0.9%
1Y
n/a