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Hong Kong (HSI) Luxury Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies108
  • 7D-6.0%
  • 3M-0.7%
  • 1Y-7.5%
  • YTD0.3%

Over the last 7 days, the Luxury industry has dropped 6.0%, driven by a pullback from Laopu Gold of 8.4%. In contrast, Star Shine Holdings Group has gained 7.5%. Overall the industry is down 7.5% in 12 months. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026HK$881.0bHK$623.6bHK$57.1b10.2x15.4x1.4x
Wed, 04 Feb 2026HK$888.3bHK$621.4bHK$56.7b9.9x15.7x1.4x
Fri, 02 Jan 2026HK$874.2bHK$616.5bHK$56.2b9.9x15.6x1.4x
Sun, 30 Nov 2025HK$920.5bHK$612.3bHK$55.6b10.2x16.5x1.5x
Tue, 28 Oct 2025HK$932.8bHK$611.2bHK$55.4b9.6x16.9x1.5x
Thu, 25 Sep 2025HK$915.1bHK$611.1bHK$55.5b9.8x16.5x1.5x
Sat, 23 Aug 2025HK$936.3bHK$604.2bHK$55.9b10.3x16.7x1.5x
Mon, 21 Jul 2025HK$907.3bHK$594.0bHK$54.3b9.4x16.7x1.5x
Wed, 18 Jun 2025HK$895.8bHK$592.7bHK$53.3b9.1x16.8x1.5x
Fri, 16 May 2025HK$871.3bHK$587.5bHK$52.8b9.6x16.5x1.5x
Sun, 13 Apr 2025HK$808.7bHK$582.2bHK$52.9b8.7x15.3x1.4x
Tue, 11 Mar 2025HK$922.4bHK$570.8bHK$49.6b10.2x18.6x1.6x
Thu, 06 Feb 2025HK$842.4bHK$566.1bHK$48.7b10.1x17.3x1.5x
Sat, 04 Jan 2025HK$798.8bHK$563.5bHK$48.4b9.9x16.5x1.4x
Mon, 02 Dec 2024HK$764.5bHK$567.7bHK$48.9b9.3x15.6x1.3x
Wed, 30 Oct 2024HK$821.0bHK$545.7bHK$47.9b9.2x17.1x1.5x
Fri, 27 Sep 2024HK$796.1bHK$552.4bHK$48.8b8.8x16.3x1.4x
Sun, 25 Aug 2024HK$715.2bHK$536.9bHK$43.1b9.7x16.6x1.3x
Tue, 23 Jul 2024HK$731.7bHK$526.6bHK$40.9b10x17.9x1.4x
Thu, 20 Jun 2024HK$807.8bHK$517.2bHK$40.4b10.4x20x1.6x
Sat, 18 May 2024HK$852.9bHK$518.3bHK$40.7b11.7x21x1.6x
Mon, 15 Apr 2024HK$795.2bHK$519.7bHK$40.3b11.3x19.7x1.5x
Wed, 13 Mar 2024HK$789.9bHK$528.6bHK$36.4b9.8x21.7x1.5x
Fri, 09 Feb 2024HK$684.8bHK$528.0bHK$35.4b9x19.3x1.3x
Sun, 07 Jan 2024HK$690.3bHK$527.5bHK$35.3b8.7x19.6x1.3x
Tue, 05 Dec 2023HK$714.2bHK$527.5bHK$35.3b8.9x20.2x1.4x
Thu, 02 Nov 2023HK$775.3bHK$524.4bHK$34.9b8.1x22.2x1.5x
Sat, 30 Sep 2023HK$803.6bHK$526.5bHK$35.0b8.5x23x1.5x
Mon, 28 Aug 2023HK$824.9bHK$528.9bHK$35.1b9.6x23.5x1.6x
Wed, 26 Jul 2023HK$868.2bHK$529.7bHK$35.8b10.1x24.3x1.6x
Fri, 23 Jun 2023HK$828.0bHK$530.5bHK$34.8b9.2x23.8x1.6x
Sun, 21 May 2023HK$856.5bHK$536.4bHK$35.4b9.2x24.2x1.6x
Tue, 18 Apr 2023HK$993.8bHK$541.5bHK$35.8b9.3x27.8x1.8x
Thu, 16 Mar 2023HK$966.8bHK$541.7bHK$40.0b8x24.2x1.8x
Price to Earnings Ratio

24.2x


Total Market Cap: HK$966.8bTotal Earnings: HK$40.0bTotal Revenue: HK$541.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Luxury Industry Price to Earnings3Y Average 19.1x202420252026
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 15.4x which is lower than its 3-year average PE of 19.1x.
  • 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 13% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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-1.89%
Consumer Discretionary-4.43%
Luxury-5.96%
Textiles3.06%
Footwear-3.52%
Apparel, Accessories and Luxury Goods-6.59%
Industry PE
  • Investors are most optimistic about the Textiles industry even though it's trading below its 3-year average PE ratio of 86.5x.
    • Analysts are expecting annual earnings growth of 12.6%, 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 12.3x.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 6.3% per year.
  • In contrast, the Footwear industry is expected to see its earnings grow by 7.8% 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
1440 Star Shine Holdings GroupHK$12.106.0%
+HK$869.2m		121.6%PS22.5x
1027 Asia Strategy Digit Technology HoldingsHK$3.0744.8%
+HK$391.9m		241.1%PE57.8x
2678 Texhong International GroupHK$6.462.9%
+HK$165.0m		64.4%PE7.5x
264 China International DevelopmentHK$2.3412.5%
+HK$123.4m		-22.5%PS35.6x
2299 Billion Industrial HoldingsHK$4.620.9%
+HK$84.4m		8.2%PE10.8x

Latest News

1913
HK$40.88
Prada
7D
-6.4%
1Y
-35.0%
1028
HK$0.71
C.banner International Holdings
7D
4.4%
1Y
186.3%
1027
HK$3.45
Asia Strategy Digit Technology Holdings
7D
62.7%
1Y
283.3%
2299
HK$4.65
Billion Industrial Holdings
7D
1.5%
1Y
8.9%
1910
HK$17.73
Samsonite Group
7D
-5.2%
1Y
-16.4%

1910: Dual Listing Progress And New CFO Will Support A Stronger Outlook

Analysts have made a small trim to their HK$19.84 fair value estimate for Samsonite Group, now at roughly HK$19.81. This reflects slightly higher assumed discount rates alongside marginally adjusted forecasts for revenue growth, profit margins and future P/E multiples.
2399
HK$0.53
China Anchu Energy Storage Group
7D
3.9%
1Y
170.4%
2678
HK$6.58
Texhong International Group
7D
4.8%
1Y
67.4%
2585
HK$23.20
Mokingran Jewellery Group
7D
-11.9%
1Y
50.1%
2020
HK$80.40
ANTA Sports Products
7D
-3.1%
1Y
-16.4%

2020: Index Removals And Beverly Hills Flagship Will Support Future Upside

Analysts have nudged their price target on ANTA Sports Products slightly higher to reflect a fair value adjustment to HK$107.41, supported by modest updates to the discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. What's in the News ANTA plans to open its first permanent U.S. store in Beverly Hills on February 13, 2026.
2331
HK$20.46
Li Ning
7D
-6.8%
1Y
14.8%

2331: Potential Puma Bid Interest Will Support Future Upside Potential

Analysts have nudged their fair value estimate for Li Ning to HK$34.50 from HK$34.28, reflecting slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E, which together support a modestly higher price target. What's in the News Media reports indicate that ANTA Sports Products is exploring a potential takeover bid for Puma, and Li Ning is cited as another Chinese sportswear group that has been taking an early look at the German brand and discussing financing options with banks.
1440
HK$12.27
Star Shine Holdings Group
7D
7.5%
1Y
124.7%

Why Investors Shouldn't Be Surprised By Star Shine Holdings Group Limited's (HKG:1440) 25% Share Price Surge

Feb 15
Why Investors Shouldn't Be Surprised By Star Shine Holdings Group Limited's (HKG:1440) 25% Share Price Surge
3998
HK$4.68
Bosideng International Holdings
7D
-2.5%
1Y
14.1%
2313
HK$58.70
Shenzhou International Group Holdings
7D
-5.1%
1Y
-2.6%

Shenzhou International Group Holdings Limited (HKG:2313) Shares Could Be 29% Below Their Intrinsic Value Estimate

Feb 09
Shenzhou International Group Holdings Limited (HKG:2313) Shares Could Be 29% Below Their Intrinsic Value Estimate
6181
HK$662.00
Laopu Gold
7D
-8.4%
1Y
7.8%
933
HK$0.62
Viva Goods
7D
1.6%
1Y
26.5%
528
HK$1.22
Kingdom Holdings
7D
8.9%
1Y
8.0%