Analysis Article • Aug 27
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Hong Kong (HSI) Beverage Industry Analysis
UpdatedAug 29, 2026
DataAggregated Company Financials
Companies12
- 7D0.7%
- 3M-2.4%
- 1Y-17.6%
- YTD-13.6%
Over the last 7 days, the Beverage industry has remained flat, although notably China Resources Beer (Holdings) declined by 6.1%. As for the longer term, the industry has declined 17% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 29 Aug 2026 | HK$693.2b | HK$200.8b | HK$30.2b | 20.1x | 22.9x | 3.5x |
| Mon, 27 Jul 2026 | HK$668.1b | HK$195.0b | HK$29.0b | 19.6x | 23.1x | 3.4x |
| Wed, 24 Jun 2026 | HK$679.5b | HK$194.6b | HK$28.9b | 20.6x | 23.5x | 3.5x |
| Fri, 22 May 2026 | HK$717.5b | HK$194.1b | HK$28.8b | 21.9x | 24.9x | 3.7x |
| Sun, 19 Apr 2026 | HK$766.5b | HK$193.4b | HK$28.8b | 22.3x | 26.6x | 4x |
| Tue, 17 Mar 2026 | HK$735.7b | HK$189.3b | HK$28.9b | 15.1x | 25.5x | 3.9x |
| Thu, 12 Feb 2026 | HK$825.4b | HK$189.1b | HK$29.5b | 17.1x | 28x | 4.4x |
| Sat, 10 Jan 2026 | HK$783.4b | HK$187.1b | HK$29.1b | 16.6x | 26.9x | 4.2x |
| Mon, 08 Dec 2025 | HK$801.8b | HK$185.1b | HK$28.8b | 17.3x | 27.8x | 4.3x |
| Wed, 05 Nov 2025 | HK$835.4b | HK$183.8b | HK$28.6b | 17.6x | 29.2x | 4.5x |
| Fri, 03 Oct 2025 | HK$881.3b | HK$185.2b | HK$28.7b | 18.3x | 30.7x | 4.8x |
| Sun, 31 Aug 2025 | HK$927.9b | HK$222.9b | HK$34.1b | 14.8x | 27.2x | 4.2x |
| Tue, 29 Jul 2025 | HK$864.0b | HK$220.7b | HK$32.1b | 15.6x | 26.9x | 3.9x |
| Thu, 26 Jun 2025 | HK$794.0b | HK$220.3b | HK$32.1b | 15x | 24.7x | 3.6x |
| Sat, 24 May 2025 | HK$753.1b | HK$219.9b | HK$32.0b | 15.7x | 23.6x | 3.4x |
| Mon, 21 Apr 2025 | HK$782.2b | HK$216.4b | HK$31.6b | 17.8x | 24.8x | 3.6x |
| Wed, 19 Mar 2025 | HK$814.8b | HK$219.3b | HK$32.9b | 16.7x | 24.8x | 3.7x |
| Fri, 14 Feb 2025 | HK$723.7b | HK$219.6b | HK$32.7b | 15.6x | 22.2x | 3.3x |
| Sun, 12 Jan 2025 | HK$681.0b | HK$218.7b | HK$32.5b | 15.8x | 20.9x | 3.1x |
| Tue, 10 Dec 2024 | HK$760.1b | HK$219.9b | HK$32.7b | 17x | 23.2x | 3.5x |
| Thu, 07 Nov 2024 | HK$731.3b | HK$222.1b | HK$33.0b | 16.5x | 22.2x | 3.3x |
| Sat, 05 Oct 2024 | HK$780.6b | HK$212.1b | HK$32.9b | 19.6x | 23.8x | 3.7x |
| Mon, 02 Sep 2024 | HK$627.0b | HK$212.1b | HK$32.9b | 14.9x | 19.1x | 3x |
| Wed, 31 Jul 2024 | HK$646.2b | HK$210.5b | HK$32.8b | 13.6x | 19.7x | 3.1x |
| Fri, 28 Jun 2024 | HK$758.3b | HK$209.9b | HK$32.7b | 15.1x | 23.2x | 3.6x |
| Sun, 26 May 2024 | HK$884.3b | HK$210.6b | HK$32.9b | 16.5x | 26.9x | 4.2x |
| Tue, 23 Apr 2024 | HK$854.2b | HK$212.3b | HK$32.9b | 15.2x | 26x | 4x |
| Thu, 21 Mar 2024 | HK$885.2b | HK$206.0b | HK$30.5b | 15.7x | 29x | 4.3x |
| Sat, 17 Feb 2024 | HK$917.2b | HK$205.8b | HK$30.9b | 16.1x | 29.7x | 4.5x |
| Mon, 15 Jan 2024 | HK$871.0b | HK$205.2b | HK$29.3b | 16.3x | 29.7x | 4.2x |
| Wed, 13 Dec 2023 | HK$910.3b | HK$204.7b | HK$29.2b | 16.8x | 31.2x | 4.4x |
| Fri, 10 Nov 2023 | HK$980.5b | HK$202.4b | HK$28.9b | 16.6x | 34x | 4.8x |
| Sun, 08 Oct 2023 | HK$1.0t | HK$202.9b | HK$28.8b | 19x | 34.9x | 5x |
| Tue, 05 Sep 2023 | HK$1.0t | HK$203.6b | HK$28.9b | 19.9x | 35.9x | 5.1x |
Price to Earnings Ratio
35.9x
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 22.7x which is lower than its 3-year average PE of 26.3x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- Both revenue and earnings for companies in the Beverage industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | -0.095% | |
| Consumer Staples | -0.025% | |
| Beverage | 0.74% | |
| Soft Drinks | 2.20% | |
| Distillers and Wine Makers | 0.034% | |
| Brewers | -4.01% | |
Industry PE
- Investors are most optimistic about the Distillers and Wine Makers industry which is trading above its 3-year average PE ratio of 26.2x.
- Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 63.2% per year.
- Investors are most pessimistic about the Brewers industry, which is trading close to its 3-year average of 19.7x.
Forecasted Growth
- Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 63% 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 | |
|---|---|---|---|---|---|
| 9633 Nongfu Spring | HK$43.50 | 2.3% +HK$10.8b | -13.0% | PE24.5x | |
| 506 China Foods | HK$3.76 | 12.9% +HK$1.2b | -5.5% | PE9.9x | |
| 389 China Tontine Wines Group | HK$0.53 | 47.2% +HK$51.3m | n/a | PS0.9x | |
| 8146 Grace Wine Holdings | HK$0.35 | 9.4% +HK$24.4m | 184.6% | PS7.6x | |
| 828 Dynasty Fine Wines Group | HK$0.18 | 0.6% +HK$1.4m | -39.7% | PE42.4x |
