Analysis Article • Aug 27
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Hong Kong (HSI) Luxury Industry Analysis
UpdatedAug 29, 2026
DataAggregated Company Financials
Companies108
- 7D0.3%
- 3M-2.7%
- 1Y-19.6%
- YTD-14.4%
Over the last 7 days, the Luxury industry has remained flat, although notably ANTA Sports Products gained 4.5%. As for the longer term, the industry has declined 18% in the last year. Earnings are forecast to grow by 7.3% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 29 Aug 2026 | HK$753.8b | HK$679.9b | HK$65.1b | 8.1x | 11.6x | 1.1x |
| Mon, 27 Jul 2026 | HK$743.2b | HK$651.9b | HK$59.0b | 8.2x | 12.6x | 1.1x |
| Wed, 24 Jun 2026 | HK$702.5b | HK$646.1b | HK$59.0b | 8.7x | 11.9x | 1.1x |
| Fri, 22 May 2026 | HK$780.4b | HK$645.8b | HK$59.0b | 9.6x | 13.2x | 1.2x |
| Sun, 19 Apr 2026 | HK$850.0b | HK$645.5b | HK$59.5b | 10.2x | 14.3x | 1.3x |
| Tue, 17 Mar 2026 | HK$842.1b | HK$622.6b | HK$57.4b | 9.5x | 14.7x | 1.4x |
| Thu, 12 Feb 2026 | HK$927.9b | HK$623.4b | HK$57.0b | 10.2x | 16.3x | 1.5x |
| Sat, 10 Jan 2026 | HK$887.9b | HK$617.4b | HK$56.2b | 10.4x | 15.8x | 1.4x |
| Mon, 08 Dec 2025 | HK$901.4b | HK$612.6b | HK$55.7b | 10.4x | 16.2x | 1.5x |
| Wed, 05 Nov 2025 | HK$874.4b | HK$609.8b | HK$55.2b | 9.7x | 15.8x | 1.4x |
| Fri, 03 Oct 2025 | HK$930.9b | HK$611.9b | HK$55.4b | 9.7x | 16.8x | 1.5x |
| Sun, 31 Aug 2025 | HK$926.6b | HK$612.1b | HK$55.8b | 9.9x | 16.6x | 1.5x |
| Tue, 29 Jul 2025 | HK$893.1b | HK$594.5b | HK$54.4b | 10.4x | 16.4x | 1.5x |
| Thu, 26 Jun 2025 | HK$909.7b | HK$599.5b | HK$54.2b | 9x | 16.8x | 1.5x |
| Sat, 24 May 2025 | HK$978.3b | HK$590.5b | HK$53.2b | 9.9x | 18.4x | 1.7x |
| Mon, 21 Apr 2025 | HK$827.2b | HK$582.1b | HK$52.9b | 8.7x | 15.6x | 1.4x |
| Wed, 19 Mar 2025 | HK$941.5b | HK$574.9b | HK$48.9b | 10.3x | 19.3x | 1.6x |
| Fri, 14 Feb 2025 | HK$860.1b | HK$565.4b | HK$48.6b | 10.1x | 17.7x | 1.5x |
| Sun, 12 Jan 2025 | HK$793.7b | HK$563.2b | HK$48.4b | 10.1x | 16.4x | 1.4x |
| Tue, 10 Dec 2024 | HK$817.0b | HK$566.3b | HK$48.8b | 9.6x | 16.8x | 1.4x |
| Thu, 07 Nov 2024 | HK$813.9b | HK$544.0b | HK$47.7b | 9x | 17.1x | 1.5x |
| Sat, 05 Oct 2024 | HK$870.6b | HK$549.6b | HK$48.4b | 8.9x | 18x | 1.6x |
| Mon, 02 Sep 2024 | HK$741.5b | HK$549.9b | HK$48.6b | 8.7x | 15.3x | 1.3x |
| Wed, 31 Jul 2024 | HK$700.5b | HK$527.3b | HK$40.9b | 9.6x | 17.1x | 1.3x |
| Fri, 28 Jun 2024 | HK$788.9b | HK$526.0b | HK$41.0b | 10.8x | 19.2x | 1.5x |
| Sun, 26 May 2024 | HK$839.2b | HK$518.3b | HK$40.7b | 11.2x | 20.6x | 1.6x |
| Tue, 23 Apr 2024 | HK$785.8b | HK$519.5b | HK$40.3b | 10.8x | 19.5x | 1.5x |
| Thu, 21 Mar 2024 | HK$791.0b | HK$529.6b | HK$36.9b | 9.4x | 21.4x | 1.5x |
| Sat, 17 Feb 2024 | HK$742.6b | HK$527.9b | HK$35.4b | 9.4x | 21x | 1.4x |
| Mon, 15 Jan 2024 | HK$700.3b | HK$527.1b | HK$35.3b | 9.2x | 19.9x | 1.3x |
| Wed, 13 Dec 2023 | HK$710.1b | HK$525.6b | HK$35.1b | 9x | 20.2x | 1.4x |
| Fri, 10 Nov 2023 | HK$792.2b | HK$525.2b | HK$35.0b | 8.4x | 22.6x | 1.5x |
| Sun, 08 Oct 2023 | HK$778.6b | HK$526.5b | HK$35.0b | 8.3x | 22.2x | 1.5x |
| Tue, 05 Sep 2023 | HK$850.5b | HK$525.6b | HK$34.8b | 8.4x | 24.5x | 1.6x |
Price to Earnings Ratio
24.5x
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 11.8x which is lower than its 3-year average PE of 17.3x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 8.9% 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 | -0.095% | |
| Consumer Discretionary | -2.18% | |
| Luxury | 0.30% | |
| Textiles | 9.04% | |
| Footwear | 0.14% | |
| Apparel, Accessories and Luxury Goods | -0.23% | |
Industry PE
- Investors are most optimistic about the Textiles industry even though it's trading below its 3-year average PE ratio of 15.7x.
- Analysts are expecting annual earnings growth of 10.1%, which is lower than the prior year's growth of 15.3% per year.
- Investors are most pessimistic about the Apparel, Accessories and Luxury Goods industry, which is trading below its 3-year average of 17.4x.
Forecasted Growth
- Analysts are most optimistic on the Footwear industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 6.9% 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 | |
|---|---|---|---|---|---|
| 2020 ANTA Sports Products | HK$77.40 | 4.5% +HK$9.2b | -19.4% | PE11.6x | |
| 1440 Star Shine Holdings Group | HK$14.50 | 21.8% +HK$3.3b | 55.4% | PS40.4x | |
| 6181 Laopu Gold | HK$409.60 | 3.0% +HK$2.1b | -42.3% | PE9x | |
| 1913 Prada | HK$41.64 | 1.3% +HK$1.4b | -9.1% | PE14.7x | |
| 2583 Shenzhen Hipine Precision Technology | HK$79.70 | 30.5% +HK$1.1b | n/a | PE39.5x |
