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Hong Kong (HSI) Luxury Industry Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies108
  • 7D-2.0%
  • 3M-5.8%
  • 1Y6.9%
  • YTDn/a

Over the last 7 days, the Luxury industry has dropped 2.0%, driven by a pullback from Laopu Gold of 7.8%. Over the past 12 months, the industry was up 6.9%. 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
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
Sat, 11 Feb 2023HK$1.0tHK$541.5bHK$39.8b8.8x25.9x1.9x
Mon, 09 Jan 2023HK$979.6bHK$537.9bHK$39.5b8.2x24.8x1.8x
Price to Earnings Ratio

24.8x


Total Market Cap: HK$979.6bTotal Earnings: HK$39.5bTotal Revenue: HK$537.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Luxury Industry Price to Earnings3Y Average 19.7x202420252026
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 15.6x which is lower than its 3-year average PE of 19.7x.
  • 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 4.7% 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-0.24%
Consumer Discretionary-0.53%
Luxury-2.02%
Textiles2.88%
Apparel, Accessories and Luxury Goods-2.03%
Footwear-4.58%
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 20.2x.
    • Analysts are expecting annual earnings growth of 12.0%, 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 12.5x.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 12% 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 9.1% 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
2313 Shenzhou International Group HoldingsHK$62.001.8%
+HK$1.7b		-0.3%PE12.9x
1910 Samsonite GroupHK$20.002.7%
+HK$735.1m		-8.9%PE11.8x
1440 Star Shine Holdings GroupHK$7.508.2%
+HK$718.2m		15.4%PS14.1x
2020 ANTA Sports ProductsHK$81.900.2%
+HK$559.3m		7.8%PE13.8x
2668 Pak Tak InternationalHK$0.19104.4%
+HK$534.9m		-64.2%PS1.4x

Latest News

1910
HK$20.00
Samsonite Group
7D
2.7%
1Y
-8.9%
1368
HK$5.35
Xtep International Holdings
7D
-4.6%
1Y
-0.9%

Xtep International Holdings (HKG:1368) Seems To Use Debt Quite Sensibly

Dec 29
Xtep International Holdings (HKG:1368) Seems To Use Debt Quite Sensibly
2668
HK$0.19
Pak Tak International
7D
104.4%
1Y
-64.2%

Estimating The Intrinsic Value Of Pak Tak International Limited (HKG:2668)

Dec 29
Estimating The Intrinsic Value Of Pak Tak International Limited (HKG:2668)
1913
HK$44.70
Prada
7D
-1.9%
1Y
-26.7%

1913: Brand Elevation And Direct Channels Will Drive Long Term Upside

Analysts have modestly raised their price target on Prada to HK$53 from HK$50, reflecting slightly higher long term growth and valuation assumptions, even as they flag a multi year "hangover" period for the broader luxury sector and an increasingly crowded field of creative directors. Analyst Commentary Bullish analysts acknowledge a more challenging backdrop for the luxury sector, but still see room for Prada to outperform select peers over the medium term.
2331
HK$18.56
Li Ning
7D
-2.3%
1Y
17.9%

2331: Future Puma Bid Potential Will Support Long Term Upside

Analysts have raised their price target on Li Ning slightly from roughly $21.40 to about $21.89, citing modest improvements in long term valuation multiples despite slightly softer expectations for revenue growth and profit margins. What's in the News Li Ning has been cited among potential bidders evaluating a possible takeover of German sportswear brand Puma SE, alongside Chinese peer ANTA Sports and Japan's ASICS, according to media reports on early stage discussions (Bloomberg / Reuters).
1361
HK$5.38
361 Degrees International
7D
-7.2%
1Y
30.6%

361 Degrees International Limited (HKG:1361) Looks Inexpensive But Perhaps Not Attractive Enough

Dec 25
361 Degrees International Limited (HKG:1361) Looks Inexpensive But Perhaps Not Attractive Enough
3998
HK$4.52
Bosideng International Holdings
7D
-1.7%
1Y
19.6%

We Like The Quality Of Bosideng International Holdings' (HKG:3998) Earnings

Dec 25
We Like The Quality Of Bosideng International Holdings' (HKG:3998) Earnings
551
HK$15.97
Yue Yuen Industrial (Holdings)
7D
-5.4%
1Y
-4.0%
1440
HK$7.50
Star Shine Holdings Group
7D
8.2%
1Y
15.4%

What You Can Learn From Star Shine Holdings Group Limited's (HKG:1440) P/S After Its 25% Share Price Crash

Dec 22
What You Can Learn From Star Shine Holdings Group Limited's (HKG:1440) P/S After Its 25% Share Price Crash
2020
HK$81.90
ANTA Sports Products
7D
0.2%
1Y
7.8%

2020: Share Repurchases Will Drive Confidence Despite Conviction List Removal

Analysts have slightly reduced their price target on ANTA Sports Products to reflect a modest reduction in fair value and earnings multiple assumptions, following its removal from a key regional conviction list. This adjustment results in an approximate CNY 0.33 decrease in their modeled fair value per share.
2313
HK$62.00
Shenzhou International Group Holdings
7D
1.8%
1Y
-0.3%

We Think Shenzhou International Group Holdings (HKG:2313) Can Manage Its Debt With Ease

Dec 12
We Think Shenzhou International Group Holdings (HKG:2313) Can Manage Its Debt With Ease
2232
HK$6.60
Crystal International Group
7D
-5.0%
1Y
50.3%

Crystal International Group Limited's (HKG:2232) Price In Tune With Earnings

Dec 09
Crystal International Group Limited's (HKG:2232) Price In Tune With Earnings
6181
HK$622.00
Laopu Gold
7D
-7.8%
1Y
128.7%
1121
HK$1.29
Golden Solar New Energy Technology Holdings
7D
11.2%
1Y
-40.0%
2585
HK$14.22
Mokingran Jewellery Group
7D
5.4%
1Y
1.7%
2678
HK$4.83
Texhong International Group
7D
4.8%
1Y
20.1%

Texhong International Group's (HKG:2678) Earnings Offer More Than Meets The Eye

Sep 29
Texhong International Group's (HKG:2678) Earnings Offer More Than Meets The Eye