Narrative Update • Jul 14
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Hong Kong (HSI) Food Industry Analysis
UpdatedJul 22, 2026
DataAggregated Company Financials
Companies56
- 7D3.5%
- 3M-11.8%
- 1Y-17.1%
- YTD-8.7%
The Food industry is up 4.4% in the last week, with China Mengniu Dairy up 6.4%. During this same period, the Liuliumei underperformed, falling 8.7%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Hong Kong Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | HK$557.7b | HK$797.5b | HK$38.7b | 12.2x | 14.4x | 0.7x |
| Fri, 19 Jun 2026 | HK$529.2b | HK$795.2b | HK$38.5b | 10.9x | 13.8x | 0.7x |
| Sun, 17 May 2026 | HK$582.7b | HK$789.8b | HK$38.1b | 13.2x | 15.3x | 0.7x |
| Tue, 14 Apr 2026 | HK$609.8b | HK$788.9b | HK$38.0b | 13.8x | 16x | 0.8x |
| Thu, 12 Mar 2026 | HK$615.1b | HK$780.8b | HK$38.5b | 13x | 16x | 0.8x |
| Sat, 07 Feb 2026 | HK$627.6b | HK$775.4b | HK$38.5b | 12.4x | 16.3x | 0.8x |
| Mon, 05 Jan 2026 | HK$582.7b | HK$769.6b | HK$38.2b | 12x | 15.2x | 0.8x |
| Wed, 03 Dec 2025 | HK$588.2b | HK$764.4b | HK$38.0b | 12.7x | 15.5x | 0.8x |
| Fri, 31 Oct 2025 | HK$482.0b | HK$759.0b | HK$37.8b | 13.3x | 12.7x | 0.6x |
| Sun, 28 Sep 2025 | HK$589.0b | HK$756.5b | HK$37.6b | 13.7x | 15.7x | 0.8x |
| Tue, 26 Aug 2025 | HK$636.3b | HK$759.7b | HK$38.7b | 15.9x | 16.4x | 0.8x |
| Thu, 24 Jul 2025 | HK$642.3b | HK$755.9b | HK$38.8b | 16.3x | 16.6x | 0.8x |
| Sat, 21 Jun 2025 | HK$587.3b | HK$753.2b | HK$38.5b | 13.8x | 15.2x | 0.8x |
| Mon, 19 May 2025 | HK$594.7b | HK$748.1b | HK$38.3b | 13.8x | 15.5x | 0.8x |
| Wed, 16 Apr 2025 | HK$603.2b | HK$734.8b | HK$37.8b | 12.6x | 15.9x | 0.8x |
| Fri, 14 Mar 2025 | HK$567.2b | HK$731.5b | HK$37.3b | 15.4x | 15.2x | 0.8x |
| Sun, 09 Feb 2025 | HK$501.9b | HK$724.5b | HK$35.0b | 14.6x | 14.3x | 0.7x |
| Tue, 07 Jan 2025 | HK$484.8b | HK$721.7b | HK$34.9b | 14.4x | 13.9x | 0.7x |
| Thu, 05 Dec 2024 | HK$511.0b | HK$725.7b | HK$35.1b | 14.1x | 14.5x | 0.7x |
| Sat, 02 Nov 2024 | HK$522.4b | HK$734.9b | HK$35.5b | 14.5x | 14.7x | 0.7x |
| Mon, 30 Sep 2024 | HK$530.0b | HK$740.9b | HK$35.8b | 14.1x | 14.8x | 0.7x |
| Wed, 28 Aug 2024 | HK$463.8b | HK$745.1b | HK$36.3b | 11.5x | 12.8x | 0.6x |
| Fri, 26 Jul 2024 | HK$455.9b | HK$738.4b | HK$27.7b | 13.7x | 16.4x | 0.6x |
| Sun, 23 Jun 2024 | HK$461.8b | HK$737.8b | HK$27.1b | 14x | 17.1x | 0.6x |
| Tue, 21 May 2024 | HK$523.6b | HK$739.6b | HK$27.3b | 15.2x | 19.2x | 0.7x |
| Thu, 18 Apr 2024 | HK$470.8b | HK$742.2b | HK$27.3b | 13.8x | 17.2x | 0.6x |
| Sat, 16 Mar 2024 | HK$462.0b | HK$752.0b | HK$35.6b | 13.6x | 13x | 0.6x |
| Mon, 12 Feb 2024 | HK$426.6b | HK$754.9b | HK$35.5b | 13.2x | 12x | 0.6x |
| Wed, 10 Jan 2024 | HK$524.0b | HK$790.6b | HK$37.1b | 15.1x | 14.1x | 0.7x |
| Fri, 08 Dec 2023 | HK$525.4b | HK$788.1b | HK$36.8b | 14x | 14.3x | 0.7x |
| Sun, 05 Nov 2023 | HK$557.8b | HK$764.5b | HK$35.1b | 16.1x | 15.9x | 0.7x |
| Tue, 03 Oct 2023 | HK$537.7b | HK$765.2b | HK$35.1b | 16x | 15.3x | 0.7x |
| Thu, 31 Aug 2023 | HK$546.1b | HK$763.1b | HK$36.0b | 17x | 15.2x | 0.7x |
| Sat, 29 Jul 2023 | HK$575.3b | HK$758.7b | HK$39.7b | 17.5x | 14.5x | 0.8x |
Price to Earnings Ratio
14.5x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Food 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 15.3x.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- Both revenue and earnings for companies in the Food 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 | 2.31% | |
| Consumer Staples | 3.78% | |
| Food | 3.54% | |
| Agricultural Products | 13.43% | |
| Packaged Foods and Meats | 2.98% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 14.2x.
- Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings growth of 10.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 72% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 288 WH Group | HK$8.35 | 2.8% +HK$3.0b | 4.2% | PE8.7x | |
| 2319 China Mengniu Dairy | HK$18.32 | 3.6% +HK$2.4b | 4.3% | PE39.6x | |
| 9858 China Youran Dairy Group | HK$3.70 | 11.8% +HK$1.6b | -2.9% | PS0.6x | |
| 6186 China Feihe | HK$3.21 | 5.9% +HK$1.6b | -31.6% | PE12.6x | |
| 322 Tingyi (Cayman Islands) Holding | HK$11.48 | 2.2% +HK$1.4b | -4.5% | PE12.4x |
