Narrative Update • May 15
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Hong Kong (HSI) Specialty Stores Industry Analysis
UpdatedMay 18, 2026
DataAggregated Company Financials
Companies56
- 7D-6.3%
- 3M-31.3%
- 1Y-16.4%
- YTD-19.7%
Over the last 7 days, the Specialty Stores industry has dropped 6.3%, driven by a pullback from Pop Mart International Group of 9.3%. On the other hand China Qidian Guofeng Holdings is actually up 23%. Overall the industry is down 16% in 12 months. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Mon, 18 May 2026 | HK$419.5b | HK$603.3b | HK$16.6b | 11.6x | 25.2x | 0.7x |
| Wed, 15 Apr 2026 | HK$436.9b | HK$602.9b | HK$16.6b | 11.6x | 26.4x | 0.7x |
| Fri, 13 Mar 2026 | HK$513.7b | HK$582.4b | HK$12.1b | 12.4x | 42.3x | 0.9x |
| Sun, 08 Feb 2026 | HK$597.3b | HK$577.4b | HK$12.1b | 12x | 49.5x | 1x |
| Tue, 06 Jan 2026 | HK$533.0b | HK$573.1b | HK$12.0b | 10.9x | 44.3x | 0.9x |
| Thu, 04 Dec 2025 | HK$573.7b | HK$568.1b | HK$12.0b | 11.9x | 47.9x | 1x |
| Sat, 01 Nov 2025 | HK$599.3b | HK$565.1b | HK$11.5b | 12.9x | 52.2x | 1.1x |
| Mon, 29 Sep 2025 | HK$665.9b | HK$565.3b | HK$11.8b | 13x | 56.2x | 1.2x |
| Wed, 27 Aug 2025 | HK$753.2b | HK$572.9b | HK$17.1b | 13.3x | 44.1x | 1.3x |
| Fri, 25 Jul 2025 | HK$626.8b | HK$565.9b | HK$13.3b | 11.2x | 47.3x | 1.1x |
| Sun, 22 Jun 2025 | HK$569.7b | HK$591.8b | HK$11.3b | 11.2x | 50.3x | 1x |
| Tue, 20 May 2025 | HK$509.1b | HK$598.7b | HK$10.6b | 10.6x | 48x | 0.9x |
| Thu, 17 Apr 2025 | HK$418.5b | HK$589.9b | HK$10.5b | 9.6x | 39.7x | 0.7x |
| Sat, 15 Mar 2025 | HK$383.2b | HK$612.7b | HK$13.9b | 9x | 27.5x | 0.6x |
| Mon, 10 Feb 2025 | HK$329.8b | HK$611.1b | HK$14.0b | 9.2x | 23.6x | 0.5x |
| Wed, 08 Jan 2025 | HK$299.3b | HK$607.5b | HK$13.8b | 9.4x | 21.7x | 0.5x |
| Fri, 06 Dec 2024 | HK$320.8b | HK$611.7b | HK$13.9b | 9.8x | 23.1x | 0.5x |
| Sun, 03 Nov 2024 | HK$271.3b | HK$624.8b | HK$16.3b | 9x | 16.7x | 0.4x |
| Tue, 01 Oct 2024 | HK$273.9b | HK$632.6b | HK$16.9b | 9.1x | 16.2x | 0.4x |
| Thu, 29 Aug 2024 | HK$217.2b | HK$642.4b | HK$18.9b | 7.6x | 11.5x | 0.3x |
| Sat, 27 Jul 2024 | HK$231.7b | HK$633.1b | HK$18.4b | 7.3x | 12.6x | 0.4x |
| Mon, 24 Jun 2024 | HK$253.3b | HK$631.6b | HK$17.8b | 8.2x | 14.2x | 0.4x |
| Wed, 22 May 2024 | HK$291.2b | HK$620.9b | HK$17.8b | 7.9x | 16.4x | 0.5x |
| Fri, 19 Apr 2024 | HK$269.4b | HK$622.9b | HK$17.9b | 7.4x | 15.1x | 0.4x |
| Sun, 17 Mar 2024 | HK$291.5b | HK$625.4b | HK$18.9b | 9.6x | 15.4x | 0.5x |
| Tue, 13 Feb 2024 | HK$265.2b | HK$625.0b | HK$18.7b | 8.9x | 14.2x | 0.4x |
| Thu, 11 Jan 2024 | HK$280.2b | HK$626.7b | HK$18.8b | 9.6x | 14.9x | 0.4x |
| Sat, 09 Dec 2023 | HK$276.3b | HK$625.9b | HK$19.0b | 10.2x | 14.6x | 0.4x |
| Mon, 06 Nov 2023 | HK$303.9b | HK$610.4b | HK$17.0b | 9x | 17.9x | 0.5x |
| Wed, 04 Oct 2023 | HK$310.3b | HK$610.1b | HK$16.8b | 9.4x | 18.5x | 0.5x |
| Fri, 01 Sep 2023 | HK$325.0b | HK$611.5b | HK$17.1b | 10.7x | 19x | 0.5x |
| Sun, 30 Jul 2023 | HK$418.5b | HK$614.4b | HK$17.5b | 10.9x | 24x | 0.7x |
| Tue, 27 Jun 2023 | HK$427.8b | HK$625.4b | HK$11.6b | 10.7x | 36.8x | 0.7x |
| Thu, 25 May 2023 | HK$402.6b | HK$643.5b | HK$12.5b | 13.6x | 32.2x | 0.6x |
Price to Earnings Ratio
32.2x
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 25.2x which is lower than its 3-year average PE of 29.3x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the Specialty Retail industry have grown 10.0% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.1% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | -1.69% | |
| Consumer Discretionary | -3.37% | |
| Specialty Stores | -6.34% | |
| Home Improvement Retail | 19.32% | |
| Home Furnishing Retail | -0.42% | |
| Apparel Retail | -1.55% | |
| Specialty Stores | -7.20% | |
| Automotive Retail | -7.48% | |
| Computer and Electronics Retail | -8.54% | |
Industry PE
- Investors are most optimistic about the Home Furnishing Retail industry which is trading above its 3-year average PE ratio of 4.8x.
- 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 Automotive Retail industry, expecting annual earnings growth of 62% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Apparel Retail industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 1280 China Qidian Guofeng Holdings | HK$2.20 | 22.9% +HK$792.7m | -40.7% | PS10.4x | |
| 3813 Pou Sheng International (Holdings) | HK$0.41 | 6.6% +HK$129.6m | -18.2% | PE7.1x | |
| 2337 United Strength Power Holdings | HK$1.30 | 15.0% +HK$63.7m | -36.6% | PS0.07x | |
| 3709 EEKA Fashion Holdings | HK$6.35 | 1.1% +HK$47.0m | -19.8% | PE9.3x | |
| 2528 Forward Fashion (International) Holdings | HK$0.64 | 16.4% +HK$36.0m | 151.0% | PE4.4x |