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Hong Kong (HSI) Specialty Stores Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies56
  • 7D3.8%
  • 3M-19.3%
  • 1Y1.6%
  • YTD-15.2%

Over the last 7 days, the Specialty Stores industry has risen 3.8%, driven by gains from Chow Tai Fook Jewellery Group of 6.0%. During this same period, the Guan Chao Holdings underperformed, falling 17%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

Has the Hong Kong Specialty Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026HK$441.2bHK$602.6bHK$16.6b12x26.6x0.7x
Thu, 19 Mar 2026HK$531.0bHK$582.6bHK$12.0b12.1x44.1x0.9x
Sat, 14 Feb 2026HK$603.1bHK$579.5bHK$12.1b12.3x49.9x1x
Mon, 12 Jan 2026HK$529.8bHK$573.8bHK$12.0b11.2x44.1x0.9x
Wed, 10 Dec 2025HK$526.4bHK$567.8bHK$12.0b11.9x44x0.9x
Fri, 07 Nov 2025HK$580.6bHK$564.0bHK$11.4b12.1x50.9x1x
Sun, 05 Oct 2025HK$653.8bHK$566.1bHK$11.6b13.4x56.5x1.2x
Tue, 02 Sep 2025HK$718.9bHK$566.2bHK$11.8b14x60.7x1.3x
Thu, 31 Jul 2025HK$630.6bHK$564.2bHK$13.2b11.5x47.8x1.1x
Sat, 28 Jun 2025HK$605.0bHK$592.3bHK$10.7b12.3x56.4x1x
Mon, 26 May 2025HK$530.6bHK$600.5bHK$10.1b10.6x52.4x0.9x
Wed, 23 Apr 2025HK$450.8bHK$589.4bHK$10.5b9.9x42.8x0.8x
Fri, 21 Mar 2025HK$398.1bHK$611.4bHK$14.1b8.8x28.2x0.7x
Sun, 16 Feb 2025HK$345.1bHK$612.8bHK$14.0b8.8x24.6x0.6x
Tue, 14 Jan 2025HK$287.6bHK$608.1bHK$13.9b9x20.6x0.5x
Thu, 12 Dec 2024HK$313.9bHK$611.0bHK$13.9b10x22.6x0.5x
Sat, 09 Nov 2024HK$291.8bHK$630.5bHK$16.8b9.5x17.4x0.5x
Mon, 07 Oct 2024HK$274.9bHK$629.6bHK$16.9b9.6x16.3x0.4x
Wed, 04 Sep 2024HK$219.2bHK$627.4bHK$16.8b8.6x13x0.3x
Fri, 02 Aug 2024HK$225.1bHK$633.9bHK$18.4b8.4x12.2x0.4x
Sun, 30 Jun 2024HK$247.9bHK$632.3bHK$18.4b8x13.5x0.4x
Tue, 28 May 2024HK$281.8bHK$621.7bHK$18.0b8.3x15.7x0.5x
Thu, 25 Apr 2024HK$277.2bHK$622.5bHK$17.9b7.6x15.5x0.4x
Sat, 23 Mar 2024HK$285.9bHK$624.8bHK$19.3b9.1x14.8x0.5x
Mon, 19 Feb 2024HK$279.1bHK$625.2bHK$18.7b9.2x14.9x0.4x
Wed, 17 Jan 2024HK$283.0bHK$625.4bHK$18.7b9.8x15.1x0.5x
Fri, 15 Dec 2023HK$279.0bHK$628.3bHK$18.8b10.5x14.8x0.4x
Sun, 12 Nov 2023HK$297.1bHK$611.6bHK$17.1b8.6x17.4x0.5x
Tue, 10 Oct 2023HK$297.2bHK$610.7bHK$16.8b9.6x17.7x0.5x
Thu, 07 Sep 2023HK$322.4bHK$610.6bHK$16.8b9.6x19.2x0.5x
Sat, 05 Aug 2023HK$413.4bHK$613.0bHK$17.4b9.6x23.7x0.7x
Mon, 03 Jul 2023HK$424.7bHK$624.2bHK$11.5b11.3x36.9x0.7x
Wed, 31 May 2023HK$390.6bHK$641.7bHK$12.5b12.2x31.3x0.6x
Fri, 28 Apr 2023HK$421.6bHK$679.3bHK$12.8b12.3x32.9x0.6x
Price to Earnings Ratio

32.9x


Total Market Cap: HK$421.6bTotal Earnings: HK$12.8bTotal Revenue: HK$679.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Specialty Stores Industry Price to Earnings3Y Average 29.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Specialty Retail industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 29.5x.
  • 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 8.9% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.9% 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 Market1.70%
Consumer Discretionary0.23%
Specialty Stores3.83%
Specialty Stores4.96%
Apparel Retail4.04%
Home Improvement Retail-0.78%
Home Furnishing Retail-2.54%
Automotive Retail-5.22%
Computer and Electronics Retail-12.62%
Industry PE
  • Investors are most optimistic about the Home Furnishing Retail industry which is trading above its 3-year average PE ratio of 4.5x.
    • 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 63% 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 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1929 Chow Tai Fook Jewellery GroupHK$11.816.0%
+HK$6.6b		21.9%PE19.7x
9992 Pop Mart International GroupHK$164.401.9%
+HK$4.0b		-6.5%PE14.7x
6110 Topsports International HoldingsHK$2.999.9%
+HK$1.7b		1.0%PE13.4x
3709 EEKA Fashion HoldingsHK$6.695.5%
+HK$238.7m		-7.1%PE10x
6168 Zhou Liu Fu JewelleryHK$19.083.5%
+HK$172.6m		n/aPE5.7x

Latest News

1815
HK$1.14
Mount Everest Gold Group
7D
6.5%
1Y
-32.1%
1929
HK$11.81
Chow Tai Fook Jewellery Group
7D
6.0%
1Y
21.9%

1929: Renewed Leasing Agreement And Global Store Expansion Will Drive Future Upside

Analysts have maintained their HK$21.40 price target on Chow Tai Fook Jewellery Group, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that broadly offset each other in their valuation work. What's in the News The Master Leasing and Licensing Agreement with NWD is set to be renewed for three years from June 30, 2026 to June 30, 2029, subject to Listing Rules compliance and standard termination rights (Key Developments).
6110
HK$2.99
Topsports International Holdings
7D
9.9%
1Y
1.0%

6110: Higher Margin Outlook And Steady P/E Support Future Share Price

Analysts have made a small adjustment to their HK$ fair value estimate for Topsports International Holdings, reflecting modest updates to discount rate assumptions, revenue growth expectations, profit margin outlook, and the future P/E multiple used in their models. Valuation Changes Fair Value: HK$5.88, a very small change from the earlier HK$5.88 estimate based on the revised inputs.
6168
HK$19.08
Zhou Liu Fu Jewellery
7D
3.5%
1Y
n/a
590
HK$23.04
Luk Fook Holdings (International)
7D
-1.3%
1Y
34.7%

590: Steady Assumptions Will Support Future Returns And Undervalued Upside

Analysts kept their fair value estimate for Luk Fook Holdings (International) steady at about HK$34.07 per share, with only slight tweaks to inputs such as the discount rate and assumed future P/E. This signals that recent updates have not materially changed their overall valuation view.
1280
HK$2.00
China Qidian Guofeng Holdings
7D
-5.2%
1Y
-52.2%
2209
HK$3.22
YesAsia Holdings
7D
-9.0%
1Y
-12.5%

Concerns Surrounding YesAsia Holdings' (HKG:2209) Performance

Apr 03
Concerns Surrounding YesAsia Holdings' (HKG:2209) Performance
1959
HK$4.21
Zhong Ju Investment Group
7D
4.5%
1Y
1,120.3%
1872
HK$6.32
Guan Chao Holdings
7D
-16.8%
1Y
209.8%
1020
HK$0.28
Ciprun Technology Holdings
7D
-9.7%
1Y
n/a
1268
HK$1.10
China MeiDong Auto Holdings
7D
-9.1%
1Y
-43.6%
3709
HK$6.69
EEKA Fashion Holdings
7D
5.5%
1Y
-7.1%
881
HK$7.71
Zhongsheng Group Holdings
7D
-2.7%
1Y
-32.6%

HK$15.01: That's What Analysts Think Zhongsheng Group Holdings Limited (HKG:881) Is Worth After Its Latest Results

Mar 29
HK$15.01: That's What Analysts Think Zhongsheng Group Holdings Limited (HKG:881) Is Worth After Its Latest Results
9992
HK$164.40
Pop Mart International Group
7D
1.9%
1Y
-6.5%

Pop Mart International Group Limited (HKG:9992) Just Reported And Analysts Have Been Cutting Their Estimates

Mar 27
Pop Mart International Group Limited (HKG:9992) Just Reported And Analysts Have Been Cutting Their Estimates
533
HK$1.09
Goldlion Holdings
7D
10.1%
1Y
-25.9%
178
HK$0.75
Sa Sa International Holdings
7D
-9.6%
1Y
29.3%

There May Be Reason For Hope In Sa Sa International Holdings' (HKG:178) Disappointing Earnings

Dec 19
There May Be Reason For Hope In Sa Sa International Holdings' (HKG:178) Disappointing Earnings