Billion Industrial Holdings' (HKG:2299) Solid Earnings May Rest On Weak Foundations
Sep 17
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Hong Kong (HSI) Textiles Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies16
- 7D-8.2%
- 3M11.6%
- 1Y27.5%
- YTDn/a
Over the last 7 days, the Textiles industry has dropped 8.2%, driven by a pullback from Star Shine Holdings Group of 22%. Over the past 12 months, the industry was up 27%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Hong Kong Textiles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | HK$36.4b | HK$77.3b | HK$2.3b | 9.7x | 16x | 0.5x |
| Sat, 16 Aug 2025 | HK$37.3b | HK$78.7b | HK$2.3b | 11.3x | 16.4x | 0.5x |
| Mon, 14 Jul 2025 | HK$33.1b | HK$79.0b | HK$2.3b | 10.3x | 14.5x | 0.4x |
| Wed, 11 Jun 2025 | HK$32.3b | HK$79.0b | HK$2.3b | 10x | 13.9x | 0.4x |
| Fri, 09 May 2025 | HK$28.0b | HK$78.1b | HK$2.3b | 10.7x | 12x | 0.4x |
| Sun, 06 Apr 2025 | HK$28.4b | HK$77.8b | HK$2.3b | 11.6x | 12.2x | 0.4x |
| Tue, 04 Mar 2025 | HK$29.8b | HK$77.8b | HK$2.2b | 6.2x | 13.4x | 0.4x |
| Thu, 30 Jan 2025 | HK$32.0b | HK$78.2b | HK$2.2b | 6.2x | 14.3x | 0.4x |
| Sat, 28 Dec 2024 | HK$31.5b | HK$77.6b | HK$2.2b | 6.4x | 14.2x | 0.4x |
| Mon, 25 Nov 2024 | HK$42.0b | HK$78.2b | HK$2.2b | 6.2x | 18.7x | 0.5x |
| Wed, 23 Oct 2024 | HK$37.6b | HK$78.4b | HK$2.2b | 8.2x | 16.8x | 0.5x |
| Fri, 20 Sep 2024 | HK$29.1b | HK$79.0b | HK$2.3b | 7.6x | 12.9x | 0.4x |
| Sun, 18 Aug 2024 | HK$27.1b | HK$72.9b | HK$639.1m | 14.1x | 42.3x | 0.4x |
| Tue, 16 Jul 2024 | HK$27.9b | HK$72.4b | HK$632.6m | 15.3x | 44.2x | 0.4x |
| Thu, 13 Jun 2024 | HK$29.3b | HK$72.5b | HK$475.2m | 15.7x | 61.7x | 0.4x |
| Sat, 11 May 2024 | HK$27.1b | HK$72.8b | HK$475.9m | 15.5x | 57x | 0.4x |
| Mon, 08 Apr 2024 | HK$27.1b | HK$72.8b | HK$476.0m | 15.3x | 57x | 0.4x |
| Wed, 06 Mar 2024 | HK$30.0b | HK$85.7b | -HK$2,999,053,867.87 | 13.2x | -10x | 0.4x |
| Fri, 02 Feb 2024 | HK$29.7b | HK$86.0b | -HK$3,074,943,329.00 | 13.5x | -9.7x | 0.3x |
| Sun, 31 Dec 2023 | HK$31.8b | HK$86.7b | -HK$3,104,760,846.00 | 14.1x | -10.2x | 0.4x |
| Tue, 28 Nov 2023 | HK$29.3b | HK$86.9b | -HK$2,979,629,710.00 | 13.6x | -9.8x | 0.3x |
| Thu, 26 Oct 2023 | HK$27.2b | HK$86.2b | -HK$2,802,728,082.00 | 8.1x | -9.7x | 0.3x |
| Sat, 23 Sep 2023 | HK$27.7b | HK$86.3b | -HK$2,806,746,429.00 | 8.6x | -9.9x | 0.3x |
| Mon, 21 Aug 2023 | HK$28.4b | HK$90.0b | -HK$1,969,069,217.00 | 8.6x | -14.4x | 0.3x |
| Wed, 19 Jul 2023 | HK$29.6b | HK$93.6b | -HK$254,137,999.00 | 9.9x | -116.6x | 0.3x |
| Fri, 16 Jun 2023 | HK$29.1b | HK$95.6b | HK$92.2m | 8.7x | 316.1x | 0.3x |
| Sun, 14 May 2023 | HK$31.1b | HK$97.9b | HK$72.2m | 8.7x | 431.5x | 0.3x |
| Tue, 11 Apr 2023 | HK$30.1b | HK$98.8b | HK$68.0m | 9x | 442.5x | 0.3x |
| Thu, 09 Mar 2023 | HK$31.0b | HK$104.7b | HK$5.1b | 6.4x | 6x | 0.3x |
| Sat, 04 Feb 2023 | HK$31.6b | HK$107.2b | HK$5.2b | 7.4x | 6x | 0.3x |
| Mon, 02 Jan 2023 | HK$30.7b | HK$105.0b | HK$5.1b | 7x | 6x | 0.3x |
| Wed, 30 Nov 2022 | HK$30.2b | HK$101.9b | HK$5.0b | 6.7x | 6.1x | 0.3x |
| Fri, 28 Oct 2022 | HK$29.3b | HK$103.6b | HK$5.1b | 5.9x | 5.7x | 0.3x |
| Sun, 25 Sep 2022 | HK$31.6b | HK$104.1b | HK$5.1b | 6.5x | 6.2x | 0.3x |
Price to Earnings Ratio
6.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Textiles 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 84.9x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- The earnings for companies in the Textiles industry have declined 24% per year over the last three years,
- Revenues have also declined 9.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Textiles compare with similar industries?
| HK Market | 0.88% | |
| Consumer Discretionary | 1.94% | |
| Luxury | 0.70% | |
| Textiles | -8.21% | |
| Apparel, Accessories and Luxury Goods | 1.34% | |
| Footwear | -2.46% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2678 Texhong International Group | HK$4.96 | 1.0% +HK$45.9m | 36.6% | PE6x | |
| 8521 WebX International Holdings | HK$1.36 | 5.4% +HK$44.7m | 88.9% | PS8.9x | |
| 528 Kingdom Holdings | HK$1.18 | 4.4% +HK$30.8m | -0.8% | PS0.2x | |
| 1968 Hingtex Holdings | HK$0.15 | 7.7% +HK$7.0m | 18.6% | PS0.5x | |
| 294 Yangtzekiang Garment | HK$1.00 | 2.0% +HK$4.1m | -4.8% | PS1.1x |