Narrative Update • May 28
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Beverage Industry Analysis
UpdatedJun 09, 2026
DataAggregated Company Financials
Companies12
- 7D-2.6%
- 3M-8.5%
- 1Y-0.7%
- YTD-12.3%
Over the last 7 days, the Beverage industry has dropped 2.6%, driven by Nongfu Spring declining 4.0%. Meanwhile, ZJLD Group actually outperformed within the industry, gaining 5.1% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Tue, 09 Jun 2026 | HK$703.7b | HK$194.9b | HK$29.0b | 19.6x | 24.3x | 3.6x |
| Thu, 07 May 2026 | HK$771.3b | HK$194.0b | HK$28.8b | 21.9x | 26.8x | 4x |
| Sat, 04 Apr 2026 | HK$786.4b | HK$192.2b | HK$28.6b | 22.6x | 27.5x | 4.1x |
| Mon, 02 Mar 2026 | HK$797.0b | HK$189.9b | HK$29.0b | 15.8x | 27.5x | 4.2x |
| Wed, 28 Jan 2026 | HK$807.9b | HK$187.8b | HK$29.3b | 16.9x | 27.6x | 4.3x |
| Fri, 26 Dec 2025 | HK$811.0b | HK$186.0b | HK$29.0b | 17.2x | 28x | 4.4x |
| Sun, 23 Nov 2025 | HK$827.1b | HK$184.4b | HK$28.7b | 17.3x | 28.8x | 4.5x |
| Tue, 21 Oct 2025 | HK$863.8b | HK$184.9b | HK$28.7b | 18.4x | 30.1x | 4.7x |
| Thu, 18 Sep 2025 | HK$976.9b | HK$221.1b | HK$33.8b | 18.8x | 28.9x | 4.4x |
| Sat, 16 Aug 2025 | HK$880.7b | HK$219.2b | HK$31.3b | 16.1x | 28.1x | 4x |
| Mon, 14 Jul 2025 | HK$785.6b | HK$220.8b | HK$32.1b | 15.6x | 24.5x | 3.6x |
| Wed, 11 Jun 2025 | HK$795.7b | HK$220.4b | HK$32.0b | 15.6x | 24.8x | 3.6x |
| Fri, 09 May 2025 | HK$791.7b | HK$218.4b | HK$31.9b | 16.8x | 24.8x | 3.6x |
| Sun, 06 Apr 2025 | HK$772.7b | HK$217.2b | HK$31.7b | 18.1x | 24.4x | 3.6x |
| Tue, 04 Mar 2025 | HK$737.5b | HK$218.2b | HK$32.6b | 15.5x | 22.6x | 3.4x |
| Thu, 30 Jan 2025 | HK$727.0b | HK$220.8b | HK$32.8b | 15.4x | 22.1x | 3.3x |
| Sat, 28 Dec 2024 | HK$717.6b | HK$218.7b | HK$32.5b | 16.8x | 22.1x | 3.3x |
| Mon, 25 Nov 2024 | HK$678.6b | HK$220.8b | HK$32.7b | 15x | 20.7x | 3.1x |
| Wed, 23 Oct 2024 | HK$711.1b | HK$210.8b | HK$32.6b | 16x | 21.8x | 3.4x |
| Fri, 20 Sep 2024 | HK$569.9b | HK$212.5b | HK$32.9b | 13.2x | 17.3x | 2.7x |
| Sun, 18 Aug 2024 | HK$645.9b | HK$210.2b | HK$32.8b | 13.8x | 19.7x | 3.1x |
| Tue, 16 Jul 2024 | HK$717.8b | HK$210.0b | HK$32.8b | 14.6x | 21.9x | 3.4x |
| Thu, 13 Jun 2024 | HK$815.4b | HK$210.3b | HK$32.8b | 15.6x | 24.8x | 3.9x |
| Sat, 11 May 2024 | HK$947.4b | HK$211.0b | HK$32.9b | 16.5x | 28.8x | 4.5x |
| Mon, 08 Apr 2024 | HK$907.1b | HK$212.1b | HK$32.9b | 15.2x | 27.6x | 4.3x |
| Wed, 06 Mar 2024 | HK$873.7b | HK$205.1b | HK$30.5b | 16.4x | 28.6x | 4.3x |
| Fri, 02 Feb 2024 | HK$861.3b | HK$204.8b | HK$29.2b | 15x | 29.5x | 4.2x |
| Sun, 31 Dec 2023 | HK$948.9b | HK$206.3b | HK$29.5b | 17.2x | 32.2x | 4.6x |
| Tue, 28 Nov 2023 | HK$965.0b | HK$204.6b | HK$29.2b | 18.4x | 33x | 4.7x |
| Thu, 26 Oct 2023 | HK$964.5b | HK$202.3b | HK$28.7b | 17.4x | 33.6x | 4.8x |
| Sat, 23 Sep 2023 | HK$1.0t | HK$202.5b | HK$28.8b | 19.4x | 35.2x | 5x |
| Mon, 21 Aug 2023 | HK$1.0t | HK$197.1b | HK$26.1b | 24.2x | 38.5x | 5.1x |
| Wed, 19 Jul 2023 | HK$1.0t | HK$194.5b | HK$25.7b | 23.5x | 40.8x | 5.4x |
| Fri, 16 Jun 2023 | HK$1.1t | HK$194.9b | HK$25.8b | 24.8x | 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 24.3x which is lower than its 3-year average PE of 27.6x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 4.0% 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 Staples industry?
| HK Market | -2.41% | |
| Consumer Staples | -3.92% | |
| Beverage | -2.64% | |
| Distillers and Wine Makers | 5.17% | |
| Brewers | -2.65% | |
| Soft Drinks | -3.03% | |
Industry PE
- Investors are most optimistic about the Distillers and Wine Makers industry which is trading above its 3-year average PE ratio of 17.9x.
- Analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings decline of 59.2% per year.
- Investors are most pessimistic about the Brewers industry, which is trading close to its 3-year average of 20.7x.
Forecasted Growth
- Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 59% per year.
- In contrast, the Soft Drinks industry is expected to see its earnings grow by 10% 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$7.59 | 5.1% +HK$1.3b | 17.1% | PE41.3x |