Luk Fook Holdings (International)'s (HKG:590) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 15
Hong Kong (HSI) Specialty Stores Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies57
- 7D-5.6%
- 3M-19.2%
- 1Y-35.7%
- YTD-21.7%
Over the last 7 days, the Specialty Stores industry has dropped 5.6%, driven by Chow Tai Fook Jewellery Group declining 8.8%. Meanwhile, XXF Group Holdings actually outperformed within the industry, gaining 28% in the last week. The industry has fallen 36% in the last year. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Hong Kong Specialty Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | HK$228.4b | HK$634.5b | HK$18.4b | 7.2x | 12.4x | 0.4x |
| Sun, 23 Jun 2024 | HK$253.3b | HK$631.6b | HK$17.8b | 8.2x | 14.2x | 0.4x |
| Tue, 21 May 2024 | HK$298.8b | HK$620.9b | HK$17.8b | 8x | 16.8x | 0.5x |
| Thu, 18 Apr 2024 | HK$264.7b | HK$622.9b | HK$17.9b | 7.5x | 14.8x | 0.4x |
| Sat, 16 Mar 2024 | HK$291.5b | HK$625.4b | HK$18.9b | 9.6x | 15.4x | 0.5x |
| Mon, 12 Feb 2024 | HK$265.2b | HK$627.5b | HK$18.8b | 8.9x | 14.1x | 0.4x |
| Wed, 10 Jan 2024 | HK$279.8b | HK$628.7b | HK$18.8b | 9.9x | 14.9x | 0.4x |
| Fri, 08 Dec 2023 | HK$289.5b | HK$627.3b | HK$19.0b | 10.2x | 15.2x | 0.5x |
| Sun, 05 Nov 2023 | HK$303.9b | HK$610.4b | HK$17.0b | 9x | 17.9x | 0.5x |
| Tue, 03 Oct 2023 | HK$310.3b | HK$610.1b | HK$16.8b | 9.3x | 18.5x | 0.5x |
| Thu, 31 Aug 2023 | HK$331.6b | HK$611.4b | HK$17.5b | 10x | 19x | 0.5x |
| Sat, 29 Jul 2023 | HK$418.5b | HK$614.3b | HK$17.5b | 10.6x | 23.9x | 0.7x |
| Mon, 26 Jun 2023 | HK$424.0b | HK$628.7b | HK$11.7b | 11.1x | 36.3x | 0.7x |
| Wed, 24 May 2023 | HK$414.9b | HK$646.2b | HK$12.9b | 13.7x | 32.2x | 0.6x |
| Fri, 21 Apr 2023 | HK$439.4b | HK$682.6b | HK$12.9b | 12.8x | 34.2x | 0.6x |
| Sun, 19 Mar 2023 | HK$408.7b | HK$666.0b | HK$19.9b | 11.1x | 20.5x | 0.6x |
| Tue, 14 Feb 2023 | HK$466.9b | HK$667.1b | HK$20.0b | 11x | 23.3x | 0.7x |
| Thu, 12 Jan 2023 | HK$475.3b | HK$668.8b | HK$20.1b | 10.5x | 23.7x | 0.7x |
| Sat, 10 Dec 2022 | HK$421.3b | HK$652.4b | HK$19.7b | 9.4x | 21.4x | 0.6x |
| Mon, 07 Nov 2022 | HK$364.0b | HK$639.4b | HK$19.5b | 7.6x | 18.7x | 0.6x |
| Wed, 05 Oct 2022 | HK$367.8b | HK$646.7b | HK$19.9b | 7.8x | 18.5x | 0.6x |
| Fri, 02 Sep 2022 | HK$417.5b | HK$662.1b | HK$20.4b | 9.4x | 20.5x | 0.6x |
| Sun, 31 Jul 2022 | HK$449.6b | HK$711.2b | HK$25.3b | 9.6x | 17.8x | 0.6x |
| Tue, 28 Jun 2022 | HK$518.4b | HK$715.2b | HK$25.3b | 10.4x | 20.5x | 0.7x |
| Thu, 26 May 2022 | HK$461.3b | HK$713.9b | HK$26.9b | 10x | 17.2x | 0.6x |
| Sat, 23 Apr 2022 | HK$476.8b | HK$733.7b | HK$27.7b | 9.9x | 17.2x | 0.6x |
| Mon, 21 Mar 2022 | HK$506.8b | HK$762.4b | HK$15.5b | 9.8x | 32.7x | 0.7x |
| Wed, 16 Feb 2022 | HK$584.6b | HK$770.4b | HK$14.0b | 10.5x | 41.8x | 0.8x |
| Fri, 14 Jan 2022 | HK$563.3b | HK$769.6b | HK$14.0b | 10.7x | 40.3x | 0.7x |
| Sun, 12 Dec 2021 | HK$595.7b | HK$769.1b | HK$14.1b | 9.9x | 42.4x | 0.8x |
| Tue, 09 Nov 2021 | HK$658.8b | HK$760.3b | HK$12.5b | 10.3x | 52.8x | 0.9x |
| Thu, 07 Oct 2021 | HK$601.6b | HK$756.0b | HK$12.3b | 10.2x | 48.8x | 0.8x |
| Sat, 04 Sep 2021 | HK$635.8b | HK$693.1b | HK$19.6b | 11.4x | 32.4x | 0.9x |
| Mon, 02 Aug 2021 | HK$653.1b | HK$693.1b | HK$19.6b | 11x | 33.3x | 0.9x |
Price to Earnings Ratio
33.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Specialty Retail 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 12.4x which is lower than its 3-year average PE of 25.3x.
- The industry is trading close to its 3-year average PS ratio of 0.62x.
Past Earnings Growth
- The earnings for companies in the Specialty Retail industry have declined 2.1% per year over the last three years,
- Revenues have also declined 2.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | -3.89% | |
| Consumer Discretionary | -5.65% | |
| Specialty Stores | -5.61% | |
| Home Furnishing Retail | 0.74% | |
| Automotive Retail | -2.75% | |
| Apparel Retail | -4.73% | |
| Home Improvement Retail | -5.15% | |
| Computer and Electronics Retail | -5.49% | |
| Specialty Stores | -6.79% | |
Industry PE
- Investors are most optimistic about the Computer and Electronics Retail industry which is trading above its 3-year average PE ratio of 3.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Specialty Stores industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 7.2% per year.
- In contrast, the Automotive Retail industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| 2473 XXF Group Holdings | HK$6.29 | 28.1% +HK$711.6m | n/a | PE27.3x | |
| 881 Zhongsheng Group Holdings | HK$12.56 | 0.5% +HK$112.6m | -54.2% | PE5.5x | |
| 590 Luk Fook Holdings (International) | HK$15.18 | 0.5% +HK$47.0m | -26.7% | PE5x | |
| 1293 Grand Baoxin Auto Group | HK$0.14 | 12.3% +HK$42.6m | -52.8% | PE2.9x | |
| 887 Emperor Watch & Jewellery | HK$0.16 | 3.8% +HK$40.7m | -15.0% | PE3.7x |