Narrative Update • Jun 17
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Hong Kong (HSI) Specialty Stores Industry Analysis
UpdatedJun 18, 2026
DataAggregated Company Financials
Companies55
- 7D2.0%
- 3M-12.7%
- 1Y-27.5%
- YTD-14.8%
In the last week, the Specialty Stores industry is up 2.0%, with Chow Tai Fook Jewellery Group up 11%. Meanwhile, Pop Mart International Group actually underperformed within the industry, shrinking 7.9% in the last week. In the past year, the industry is down 27%. As for the next few years, earnings are expected to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Jun 2026 | HK$447.6b | HK$609.2b | HK$19.6b | 11.2x | 22.8x | 0.7x |
| Sat, 16 May 2026 | HK$419.4b | HK$603.3b | HK$16.6b | 11.6x | 25.2x | 0.7x |
| Mon, 13 Apr 2026 | HK$429.0b | HK$602.0b | HK$16.6b | 11.9x | 25.9x | 0.7x |
| Wed, 11 Mar 2026 | HK$517.5b | HK$582.1b | HK$12.1b | 12.1x | 42.6x | 0.9x |
| Fri, 06 Feb 2026 | HK$596.3b | HK$577.2b | HK$12.1b | 11.8x | 49.4x | 1x |
| Sun, 04 Jan 2026 | HK$521.9b | HK$572.7b | HK$12.0b | 10.9x | 43.4x | 0.9x |
| Tue, 02 Dec 2025 | HK$576.5b | HK$567.8b | HK$12.0b | 11.8x | 48.2x | 1x |
| Thu, 30 Oct 2025 | HK$610.0b | HK$566.0b | HK$11.5b | 12.9x | 53.1x | 1.1x |
| Sat, 27 Sep 2025 | HK$665.9b | HK$565.1b | HK$11.8b | 13x | 56.2x | 1.2x |
| Mon, 25 Aug 2025 | HK$729.2b | HK$573.5b | HK$17.1b | 13.1x | 42.7x | 1.3x |
| Wed, 23 Jul 2025 | HK$624.8b | HK$564.7b | HK$13.2b | 11.3x | 47.2x | 1.1x |
| Fri, 20 Jun 2025 | HK$580.6b | HK$591.7b | HK$11.4b | 11.2x | 50.8x | 1x |
| Sun, 18 May 2025 | HK$495.1b | HK$598.6b | HK$10.6b | 10.7x | 46.7x | 0.8x |
| Tue, 15 Apr 2025 | HK$423.8b | HK$589.4b | HK$10.5b | 9.1x | 40.2x | 0.7x |
| Thu, 13 Mar 2025 | HK$375.0b | HK$612.0b | HK$13.9b | 8.8x | 27x | 0.6x |
| Sat, 08 Feb 2025 | HK$329.8b | HK$611.1b | HK$14.0b | 9.2x | 23.6x | 0.5x |
| Mon, 06 Jan 2025 | HK$305.6b | HK$608.0b | HK$13.8b | 9.5x | 22.1x | 0.5x |
| Wed, 04 Dec 2024 | HK$314.6b | HK$610.5b | HK$13.9b | 9.9x | 22.7x | 0.5x |
| Fri, 01 Nov 2024 | HK$274.4b | HK$624.6b | HK$16.3b | 9x | 16.8x | 0.4x |
| Sun, 29 Sep 2024 | HK$257.5b | HK$632.9b | HK$16.9b | 8.9x | 15.2x | 0.4x |
| Tue, 27 Aug 2024 | HK$222.2b | HK$642.7b | HK$18.9b | 7.5x | 11.8x | 0.3x |
| Thu, 25 Jul 2024 | HK$234.2b | HK$631.7b | HK$18.4b | 7.3x | 12.8x | 0.4x |
| Sat, 22 Jun 2024 | HK$253.3b | HK$631.5b | HK$17.8b | 8.2x | 14.2x | 0.4x |
| Mon, 20 May 2024 | HK$293.7b | HK$621.7b | HK$17.8b | 8x | 16.5x | 0.5x |
| Wed, 17 Apr 2024 | HK$270.5b | HK$623.0b | HK$17.9b | 7.4x | 15.1x | 0.4x |
| Fri, 15 Mar 2024 | HK$292.7b | HK$625.8b | HK$18.9b | 9.9x | 15.5x | 0.5x |
| Sun, 11 Feb 2024 | HK$265.2b | HK$627.5b | HK$18.8b | 8.9x | 14.1x | 0.4x |
| Tue, 09 Jan 2024 | HK$274.9b | HK$626.6b | HK$18.8b | 10.2x | 14.7x | 0.4x |
| Thu, 07 Dec 2023 | HK$292.8b | HK$626.0b | HK$19.0b | 10.6x | 15.4x | 0.5x |
| Sat, 04 Nov 2023 | HK$303.9b | HK$610.1b | HK$17.0b | 9x | 17.9x | 0.5x |
| Mon, 02 Oct 2023 | HK$310.3b | HK$610.1b | HK$16.8b | 9.3x | 18.5x | 0.5x |
| Wed, 30 Aug 2023 | HK$330.9b | HK$610.6b | HK$16.3b | 10x | 20.3x | 0.5x |
| Fri, 28 Jul 2023 | HK$414.3b | HK$615.3b | HK$17.5b | 11.2x | 23.6x | 0.7x |
| Sun, 25 Jun 2023 | HK$424.0b | HK$628.7b | HK$11.7b | 11.1x | 36.3x | 0.7x |
Price to Earnings Ratio
36.3x
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 22.8x which is lower than its 3-year average PE of 29.1x.
- 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 19% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | -0.72% | |
| Consumer Discretionary | -3.07% | |
| Specialty Stores | 2.02% | |
| Computer and Electronics Retail | 4.12% | |
| Specialty Stores | 3.37% | |
| Apparel Retail | -1.33% | |
| Home Furnishing Retail | -1.98% | |
| Home Improvement Retail | -8.36% | |
| Automotive Retail | -8.97% | |
Industry PE
- Investors are most optimistic about the Home Furnishing Retail industry which is trading above its 3-year average PE ratio of 5.1x.
- 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 60% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Specialty Stores industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 1929 Chow Tai Fook Jewellery Group | HK$12.39 | 11.4% +HK$12.5b | -1.7% | PE13.6x | |
| 590 Luk Fook Holdings (International) | HK$22.76 | 6.2% +HK$775.0m | 18.9% | PE10.4x | |
| 1872 Guan Chao Holdings | HK$5.45 | 15.5% +HK$475.7m | 25.6% | PS1.8x | |
| 128 ENM Holdings | HK$0.54 | 38.5% +HK$247.6m | 116.0% | PE40.6x | |
| 1959 Zhong Ju Investment Group | HK$2.45 | 13.4% +HK$153.7m | 775.0% | PS1.2x |