Narrative Update • Jul 28
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Hong Kong (HSI) Consumer Staples Sector Analysis
UpdatedAug 10, 2026
DataAggregated Company Financials
Companies135
- 7D-2.6%
- 3M-11.8%
- 1Y-21.9%
- YTD-15.6%
Over the last 7 days, the Consumer Staples industry has dropped 2.6%, driven by Nongfu Spring declining 3.4%. Meanwhile, Jiangxi Qiyunshan Food actually outperformed within the industry, gaining 31% in the last week. The industry has fallen 22% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.
Sector Valuation and Performance
Has the Hong Kong Consumer Staples Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 10 Aug 2026 | HK$1.8t | HK$1.5t | HK$90.7b | 13.6x | 20x | 1.2x |
| Wed, 08 Jul 2026 | HK$1.7t | HK$1.5t | HK$89.4b | 13.9x | 19.3x | 1.2x |
| Fri, 05 Jun 2026 | HK$1.8t | HK$1.5t | HK$89.0b | 13.3x | 20.3x | 1.2x |
| Sun, 03 May 2026 | HK$2.0t | HK$1.5t | HK$89.1b | 15.5x | 22.5x | 1.4x |
| Tue, 31 Mar 2026 | HK$2.0t | HK$1.4t | HK$86.6b | 15.8x | 23.2x | 1.4x |
| Thu, 26 Feb 2026 | HK$2.2t | HK$1.4t | HK$85.3b | 15.1x | 25.7x | 1.5x |
| Sat, 24 Jan 2026 | HK$2.1t | HK$1.3t | HK$82.4b | 15x | 25.8x | 1.6x |
| Mon, 22 Dec 2025 | HK$2.0t | HK$1.3t | HK$81.2b | 15x | 25.1x | 1.5x |
| Wed, 19 Nov 2025 | HK$2.1t | HK$1.3t | HK$80.3b | 16.3x | 26.7x | 1.6x |
| Fri, 17 Oct 2025 | HK$2.2t | HK$1.3t | HK$79.5b | 15.9x | 27.6x | 1.7x |
| Sun, 14 Sep 2025 | HK$2.4t | HK$1.3t | HK$83.6b | 15.6x | 28.4x | 1.8x |
| Tue, 12 Aug 2025 | HK$2.2t | HK$1.3t | HK$79.5b | 15.9x | 27.8x | 1.7x |
| Thu, 10 Jul 2025 | HK$2.0t | HK$1.3t | HK$80.0b | 15.8x | 25.2x | 1.5x |
| Sat, 07 Jun 2025 | HK$2.0t | HK$1.3t | HK$79.8b | 16.6x | 25.5x | 1.5x |
| Mon, 05 May 2025 | HK$2.0t | HK$1.3t | HK$76.5b | 15.7x | 25.8x | 1.5x |
| Wed, 02 Apr 2025 | HK$1.9t | HK$1.3t | HK$76.5b | 13.8x | 24.4x | 1.4x |
| Fri, 28 Feb 2025 | HK$1.8t | HK$1.3t | HK$78.1b | 15.3x | 23.5x | 1.4x |
| Sun, 26 Jan 2025 | HK$1.7t | HK$1.3t | HK$78.5b | 13.3x | 21.3x | 1.3x |
| Tue, 24 Dec 2024 | HK$1.7t | HK$1.3t | HK$78.2b | 14.6x | 21.3x | 1.3x |
| Thu, 21 Nov 2024 | HK$1.6t | HK$1.3t | HK$77.9b | 13.8x | 21x | 1.3x |
| Sat, 19 Oct 2024 | HK$1.6t | HK$1.3t | HK$77.6b | 13.7x | 21.1x | 1.3x |
| Mon, 16 Sep 2024 | HK$1.4t | HK$1.3t | HK$78.1b | 11.9x | 17.4x | 1.1x |
| Wed, 14 Aug 2024 | HK$1.5t | HK$1.3t | HK$70.1b | 12.6x | 20.8x | 1.1x |
| Fri, 12 Jul 2024 | HK$1.6t | HK$1.3t | HK$70.4b | 12.7x | 22.9x | 1.2x |
| Sun, 09 Jun 2024 | HK$1.8t | HK$1.3t | HK$71.7b | 13x | 24.9x | 1.4x |
| Tue, 07 May 2024 | HK$1.9t | HK$1.3t | HK$73.5b | 13x | 26.2x | 1.4x |
| Thu, 04 Apr 2024 | HK$1.9t | HK$1.3t | HK$73.6b | 13.5x | 25.3x | 1.4x |
| Sat, 02 Mar 2024 | HK$1.8t | HK$1.3t | HK$73.5b | 13.4x | 24.3x | 1.3x |
| Mon, 29 Jan 2024 | HK$1.8t | HK$1.4t | HK$73.8b | 12.9x | 24x | 1.3x |
| Wed, 27 Dec 2023 | HK$1.9t | HK$1.4t | HK$73.8b | 14.1x | 26.1x | 1.4x |
| Fri, 24 Nov 2023 | HK$2.0t | HK$1.4t | HK$72.1b | 15.5x | 28.3x | 1.5x |
| Sun, 22 Oct 2023 | HK$1.9t | HK$1.3t | HK$71.3b | 16.5x | 26.8x | 1.4x |
| Tue, 19 Sep 2023 | HK$2.0t | HK$1.3t | HK$71.4b | 17.4x | 28.7x | 1.5x |
| Thu, 17 Aug 2023 | HK$2.1t | HK$1.3t | HK$68.9b | 17.8x | 30.4x | 1.6x |
Price to Earnings Ratio
30.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong Consumer Staples 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 20.0x which is lower than its 3-year average PE of 24.3x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Consumer Staples industry have grown 9.6% per year over the last three years.
- Revenues for these companies have grown 3.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples sector?
| HK Market | -1.00% | |
| Consumer Staples | -2.63% | |
| Household Products | 2.01% | |
| Food | -1.32% | |
| Food and Staples Retail | -1.85% | |
| Beverage | -3.50% | |
| Personal Products | -4.44% | |
| Tobacco | -7.07% | |
Industry PE
- Investors are most optimistic about the Household Products industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings growth of 9.7% per year.
- Investors are most pessimistic about the Personal Products industry, which is trading below its 3-year average of 21.9x.
Forecasted Growth
- Analysts are most optimistic on the Tobacco industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 18% per year.
- In contrast, the Beverage industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 9633 Nongfu Spring | HK$44.08 | 1.1% +HK$5.4b | -5.2% | PE26.9x | |
| 2797 Jiangxi Qiyunshan Food | HK$95.50 | 47.1% +HK$3.1b | n/a | PE167.9x | |
| 220 Uni-President China Holdings | HK$7.93 | 6.0% +HK$1.9b | -16.1% | PE13.6x | |
| 2218 Yantai North Andre Juice | HK$24.02 | 27.1% +HK$1.7b | 30.8% | PE21.8x | |
| 2319 China Mengniu Dairy | HK$19.04 | 2.2% +HK$1.6b | 16.8% | PE41x |