Texhong International Group Limited (HKG:2678) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Feb 05
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Hong Kong (HSI) Textiles Industry Analysis
UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies16
- 7D3.0%
- 3M1.1%
- 1Y23.4%
- YTDn/a
Over the last 7 days, the Textiles industry has risen 2.1%, driven by gains from Star Shine Holdings Group of 7.2%. This means that the industry has gained 20% over the past year. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Tue, 10 Feb 2026 | HK$36.5b | HK$78.5b | HK$2.3b | 9.9x | 16x | 0.5x |
| Thu, 08 Jan 2026 | HK$33.9b | HK$77.7b | HK$2.3b | 9.9x | 15x | 0.4x |
| Sat, 06 Dec 2025 | HK$36.9b | HK$77.2b | HK$2.2b | 11.6x | 16.4x | 0.5x |
| Mon, 03 Nov 2025 | HK$36.7b | HK$77.2b | HK$2.3b | 8.4x | 16.1x | 0.5x |
| Wed, 01 Oct 2025 | HK$36.3b | HK$77.2b | HK$2.3b | 9.8x | 16x | 0.5x |
| Fri, 29 Aug 2025 | HK$36.7b | HK$77.3b | HK$2.3b | 10x | 16.1x | 0.5x |
| Sun, 27 Jul 2025 | HK$35.0b | HK$79.0b | HK$2.3b | 11.1x | 15.4x | 0.4x |
| Tue, 24 Jun 2025 | HK$32.6b | HK$78.8b | HK$2.3b | 9.7x | 14.5x | 0.4x |
| Thu, 22 May 2025 | HK$29.8b | HK$78.7b | HK$2.3b | 11.4x | 12.8x | 0.4x |
| Sat, 19 Apr 2025 | HK$27.4b | HK$77.6b | HK$2.3b | 11.4x | 11.8x | 0.4x |
| Mon, 17 Mar 2025 | HK$29.8b | HK$78.2b | HK$2.2b | 7.8x | 13.3x | 0.4x |
| Wed, 12 Feb 2025 | HK$30.1b | HK$77.8b | HK$2.2b | 6.1x | 13.5x | 0.4x |
| Fri, 10 Jan 2025 | HK$30.9b | HK$77.5b | HK$2.2b | 6.3x | 13.9x | 0.4x |
| Sun, 08 Dec 2024 | HK$31.6b | HK$78.0b | HK$2.2b | 6.3x | 14.1x | 0.4x |
| Tue, 05 Nov 2024 | HK$42.2b | HK$78.6b | HK$2.2b | 7.9x | 18.8x | 0.5x |
| Thu, 03 Oct 2024 | HK$33.1b | HK$79.2b | HK$2.3b | 8.4x | 14.7x | 0.4x |
| Sat, 31 Aug 2024 | HK$27.6b | HK$78.7b | HK$2.2b | 7.6x | 12.3x | 0.4x |
| Mon, 29 Jul 2024 | HK$27.5b | HK$72.5b | HK$633.0m | 14.8x | 43.5x | 0.4x |
| Wed, 26 Jun 2024 | HK$28.6b | HK$72.3b | HK$610.2m | 15.8x | 46.8x | 0.4x |
| Fri, 24 May 2024 | HK$27.4b | HK$72.6b | HK$475.5m | 16.2x | 57.6x | 0.4x |
| Sun, 21 Apr 2024 | HK$26.7b | HK$72.8b | HK$475.8m | 14.6x | 56.2x | 0.4x |
| Tue, 19 Mar 2024 | HK$29.8b | HK$85.6b | -HK$2,998,475,957.80 | 13.3x | -9.9x | 0.3x |
| Thu, 15 Feb 2024 | HK$28.0b | HK$85.8b | -HK$3,004,401,464.74 | 14.1x | -9.3x | 0.3x |
| Sat, 13 Jan 2024 | HK$31.3b | HK$86.2b | -HK$3,080,933,240.00 | 15.9x | -10.2x | 0.4x |
| Mon, 11 Dec 2023 | HK$30.8b | HK$86.1b | -HK$3,076,901,977.00 | 13.2x | -10x | 0.4x |
| Wed, 08 Nov 2023 | HK$28.2b | HK$86.5b | -HK$2,814,641,375.00 | 8.3x | -10x | 0.3x |
| Fri, 06 Oct 2023 | HK$28.0b | HK$86.4b | -HK$2,811,266,153.00 | 8.6x | -10x | 0.3x |
| Sun, 03 Sep 2023 | HK$27.7b | HK$87.0b | -HK$2,839,692,651.00 | 8.2x | -9.8x | 0.3x |
| Tue, 01 Aug 2023 | HK$30.5b | HK$93.7b | -HK$255,031,756.00 | 10.1x | -119.7x | 0.3x |
| Thu, 29 Jun 2023 | HK$29.7b | HK$93.2b | -HK$197,224,773.00 | 9.6x | -150.6x | 0.3x |
| Sat, 27 May 2023 | HK$30.2b | HK$96.8b | HK$81.9m | 8.7x | 368.4x | 0.3x |
| Mon, 24 Apr 2023 | HK$30.3b | HK$98.6b | HK$72.3m | 8.8x | 419.7x | 0.3x |
| Wed, 22 Mar 2023 | HK$30.1b | HK$105.1b | HK$4.1b | 6.9x | 7.3x | 0.3x |
| Fri, 17 Feb 2023 | HK$31.5b | HK$105.8b | HK$5.2b | 7.5x | 6.1x | 0.3x |
Price to Earnings Ratio
6.1x
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 15.7x which is lower than its 3-year average PE of 86.2x.
- The industry is trading close to its 3-year average PS ratio of 0.38x.
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 9.6% 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 | 1.87% | |
| Consumer Discretionary | 3.56% | |
| Luxury | 4.01% | |
| Textiles | 2.98% | |
| Apparel, Accessories and Luxury Goods | 4.08% | |
| Footwear | 3.69% | |
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 | |
|---|---|---|---|---|---|
| 1440 Star Shine Holdings Group | HK$8.45 | 7.2% +HK$718.1m | 69.0% | PS15.7x | |
| 2678 Texhong International Group | HK$6.05 | 9.0% +HK$458.4m | 52.0% | PE7x | |
| 528 Kingdom Holdings | HK$1.11 | 2.8% +HK$18.5m | -5.1% | PS0.2x | |
| 1382 Pacific Textiles Holdings | HK$1.24 | 0.8% +HK$13.9m | -17.3% | PE12.3x | |
| 2307 Kam Hing International Holdings | HK$0.32 | 4.9% +HK$13.0m | 152.0% | PE9.1x |
