Tsingtao Brewery (HKG:168) Is Doing The Right Things To Multiply Its Share Price
Jul 16
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Hong Kong (HSI) Beverage Industry Analysis
UpdatedAug 21, 2025
DataAggregated Company Financials
Companies13
- 7D0.4%
- 3M18.8%
- 1Y39.9%
- YTD28.2%
Last week, the Beverage industry hasn't moved much but ZJLD Group is up 17% in that time. As for the the longer term, the industry is up 40% over the past 12 months. Looking forward, earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Hong Kong Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 Aug 2025 | HK$897.4b | HK$219.2b | HK$32.5b | 15.1x | 27.6x | 4.1x |
| Sun, 20 Jul 2025 | HK$833.4b | HK$220.5b | HK$32.1b | 16.1x | 26x | 3.8x |
| Tue, 17 Jun 2025 | HK$782.6b | HK$220.5b | HK$32.1b | 14.9x | 24.4x | 3.5x |
| Thu, 15 May 2025 | HK$806.7b | HK$218.7b | HK$31.8b | 16.8x | 25.4x | 3.7x |
| Sat, 12 Apr 2025 | HK$767.0b | HK$216.2b | HK$31.5b | 18.1x | 24.3x | 3.5x |
| Mon, 10 Mar 2025 | HK$781.0b | HK$219.3b | HK$32.8b | 15.7x | 23.8x | 3.6x |
| Wed, 05 Feb 2025 | HK$744.7b | HK$220.7b | HK$32.8b | 15.9x | 22.7x | 3.4x |
| Fri, 03 Jan 2025 | HK$703.6b | HK$219.2b | HK$32.6b | 16.6x | 21.6x | 3.2x |
| Sun, 01 Dec 2024 | HK$702.6b | HK$220.6b | HK$32.8b | 15.7x | 21.4x | 3.2x |
| Tue, 29 Oct 2024 | HK$713.1b | HK$225.3b | HK$34.1b | 16.9x | 20.9x | 3.2x |
| Thu, 26 Sep 2024 | HK$616.7b | HK$213.3b | HK$33.0b | 14.6x | 18.7x | 2.9x |
| Sat, 24 Aug 2024 | HK$615.8b | HK$211.6b | HK$32.1b | 14.4x | 19.2x | 2.9x |
| Mon, 22 Jul 2024 | HK$725.1b | HK$210.0b | HK$32.8b | 14.7x | 22.1x | 3.5x |
| Wed, 19 Jun 2024 | HK$796.1b | HK$210.2b | HK$32.8b | 15.6x | 24.3x | 3.8x |
| Fri, 17 May 2024 | HK$943.7b | HK$211.0b | HK$32.9b | 17.8x | 28.7x | 4.5x |
| Sun, 14 Apr 2024 | HK$871.2b | HK$212.4b | HK$32.9b | 14.9x | 26.5x | 4.1x |
| Tue, 12 Mar 2024 | HK$889.7b | HK$205.3b | HK$30.5b | 17.5x | 29.1x | 4.3x |
| Thu, 08 Feb 2024 | HK$887.1b | HK$205.9b | HK$30.9b | 15.2x | 28.7x | 4.3x |
| Sat, 06 Jan 2024 | HK$885.9b | HK$205.7b | HK$29.4b | 15.9x | 30.2x | 4.3x |
| Mon, 04 Dec 2023 | HK$927.5b | HK$205.6b | HK$29.4b | 17x | 31.6x | 4.5x |
| Wed, 01 Nov 2023 | HK$982.6b | HK$202.4b | HK$28.7b | 17.7x | 34.2x | 4.9x |
| Fri, 29 Sep 2023 | HK$983.2b | HK$202.7b | HK$28.8b | 18.6x | 34.1x | 4.9x |
| Sun, 27 Aug 2023 | HK$1.0t | HK$197.8b | HK$27.3b | 21.3x | 36.8x | 5.1x |
| Tue, 25 Jul 2023 | HK$1.0t | HK$194.2b | HK$25.7b | 24.8x | 40.5x | 5.4x |
| Thu, 22 Jun 2023 | HK$1.1t | HK$194.7b | HK$25.7b | 24.1x | 42.7x | 5.6x |
| Sat, 20 May 2023 | HK$1.1t | HK$198.0b | HK$26.2b | 24.6x | 41.9x | 5.5x |
| Mon, 17 Apr 2023 | HK$1.2t | HK$192.9b | HK$25.2b | 27.1x | 46.5x | 6.1x |
| Wed, 15 Mar 2023 | HK$1.2t | HK$192.1b | HK$24.5b | 21.8x | 47.1x | 6x |
| Fri, 10 Feb 2023 | HK$1.1t | HK$196.1b | HK$25.6b | 20.9x | 44.7x | 5.8x |
| Sun, 08 Jan 2023 | HK$1.2t | HK$193.8b | HK$25.3b | 22.7x | 46.8x | 6.1x |
| Tue, 06 Dec 2022 | HK$1.1t | HK$189.8b | HK$24.8b | 21.1x | 45.4x | 5.9x |
| Thu, 03 Nov 2022 | HK$977.2b | HK$186.7b | HK$24.3b | 21.7x | 40.2x | 5.2x |
| Sat, 01 Oct 2022 | HK$1.1t | HK$188.1b | HK$24.8b | 24.4x | 44.4x | 5.9x |
| Mon, 29 Aug 2022 | HK$1.1t | HK$192.8b | HK$25.5b | 23.4x | 43.4x | 5.7x |
Price to Earnings Ratio
43.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong Beverage 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 27.6x which is lower than its 3-year average PE of 32.0x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 8.3% per year over the last three years.
- Revenues for these companies have grown 4.4% 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 industry?
| HK Market | -0.44% | |
| Consumer Staples | 1.62% | |
| Beverage | 0.35% | |
| Distillers and Wine Makers | 25.43% | |
| Brewers | 0.89% | |
| Soft Drinks | -1.14% | |
Industry PE
- Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 40.2x.
- Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings growth of 3.4% per year.
- Investors are most pessimistic about the Brewers industry, which is trading below its 3-year average of 25.3x.
Forecasted Growth
- Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 6.8% per year.
- In contrast, the Brewers industry is expected to see its earnings grow by 8.6% 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 | |
|---|---|---|---|---|---|
| 6979 ZJLD Group | HK$10.07 | 16.7% +HK$4.9b | 41.8% | PE23.7x | |
| 291 China Resources Beer (Holdings) | HK$28.34 | 3.7% +HK$3.2b | 25.4% | PE14.5x | |
| 168 Tsingtao Brewery | HK$51.90 | 1.8% +HK$1.2b | 18.8% | PE14.6x | |
| 2460 China Resources Beverage (Holdings) | HK$11.85 | 3.1% +HK$863.4m | n/a | PE16x | |
| 506 China Foods | HK$3.43 | 3.0% +HK$279.7m | 28.9% | PE10.2x |