Capital Allocation Trends At COFCO Joycome Foods (HKG:1610) Aren't Ideal
Sep 12
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Hong Kong (HSI) Food Industry Analysis
UpdatedSep 13, 2025
DataAggregated Company Financials
Companies52
- 7D1.6%
- 3M1.6%
- 1Y35.7%
- YTD26.1%
Over the last 7 days, the Food industry has risen 2.0%, driven by gains from WH Group of 5.6%. This means that the industry has gained 37% over the past year. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Sat, 13 Sep 2025 | HK$625.7b | HK$757.5b | HK$37.6b | 15.2x | 16.6x | 0.8x |
| Mon, 11 Aug 2025 | HK$629.1b | HK$750.5b | HK$38.7b | 15.9x | 16.2x | 0.8x |
| Wed, 09 Jul 2025 | HK$600.4b | HK$755.2b | HK$38.8b | 15.2x | 15.5x | 0.8x |
| Fri, 06 Jun 2025 | HK$617.4b | HK$753.0b | HK$38.5b | 13.8x | 16x | 0.8x |
| Sun, 04 May 2025 | HK$607.3b | HK$737.4b | HK$37.8b | 13.7x | 16.1x | 0.8x |
| Tue, 01 Apr 2025 | HK$584.4b | HK$740.3b | HK$38.1b | 12.7x | 15.3x | 0.8x |
| Thu, 27 Feb 2025 | HK$534.1b | HK$725.4b | HK$35.1b | 15.4x | 15.2x | 0.7x |
| Sat, 25 Jan 2025 | HK$501.4b | HK$726.9b | HK$35.2b | 14.7x | 14.3x | 0.7x |
| Mon, 23 Dec 2024 | HK$505.5b | HK$723.3b | HK$35.0b | 14.7x | 14.4x | 0.7x |
| Wed, 20 Nov 2024 | HK$516.3b | HK$728.4b | HK$35.1b | 14.1x | 14.7x | 0.7x |
| Fri, 18 Oct 2024 | HK$507.2b | HK$734.3b | HK$35.5b | 13.4x | 14.3x | 0.7x |
| Sun, 15 Sep 2024 | HK$464.0b | HK$738.5b | HK$35.7b | 12.1x | 13x | 0.6x |
| Tue, 13 Aug 2024 | HK$461.0b | HK$746.6b | HK$28.1b | 13.2x | 16.4x | 0.6x |
| Thu, 11 Jul 2024 | HK$461.4b | HK$736.1b | HK$27.6b | 13x | 16.7x | 0.6x |
| Sat, 08 Jun 2024 | HK$489.5b | HK$739.8b | HK$27.3b | 15x | 17.9x | 0.7x |
| Mon, 06 May 2024 | HK$498.0b | HK$740.5b | HK$27.3b | 14.6x | 18.3x | 0.7x |
| Wed, 03 Apr 2024 | HK$484.5b | HK$742.1b | HK$27.3b | 14.4x | 17.7x | 0.7x |
| Fri, 01 Mar 2024 | HK$445.7b | HK$753.3b | HK$35.5b | 13.4x | 12.5x | 0.6x |
| Sun, 28 Jan 2024 | HK$486.7b | HK$789.7b | HK$37.0b | 13.5x | 13.1x | 0.6x |
| Tue, 26 Dec 2023 | HK$529.5b | HK$790.1b | HK$37.1b | 15.4x | 14.3x | 0.7x |
| Thu, 23 Nov 2023 | HK$545.9b | HK$770.3b | HK$35.5b | 15.2x | 15.4x | 0.7x |
| Sat, 21 Oct 2023 | HK$530.3b | HK$763.8b | HK$35.1b | 15.8x | 15.1x | 0.7x |
| Mon, 18 Sep 2023 | HK$546.7b | HK$766.0b | HK$35.1b | 15.9x | 15.6x | 0.7x |
| Wed, 16 Aug 2023 | HK$551.6b | HK$754.6b | HK$39.4b | 17.3x | 14x | 0.7x |
| Fri, 14 Jul 2023 | HK$569.6b | HK$760.7b | HK$39.8b | 17.2x | 14.3x | 0.7x |
| Sun, 11 Jun 2023 | HK$565.4b | HK$765.4b | HK$40.5b | 14.7x | 14x | 0.7x |
| Tue, 09 May 2023 | HK$621.1b | HK$778.8b | HK$41.3b | 13.5x | 15x | 0.8x |
| Thu, 06 Apr 2023 | HK$634.6b | HK$781.2b | HK$41.7b | 13.9x | 15.2x | 0.8x |
| Sat, 04 Mar 2023 | HK$656.1b | HK$756.9b | HK$43.6b | 11.7x | 15x | 0.9x |
| Mon, 30 Jan 2023 | HK$709.1b | HK$763.0b | HK$44.5b | 11.1x | 15.9x | 0.9x |
| Wed, 28 Dec 2022 | HK$666.2b | HK$745.2b | HK$43.1b | 11x | 15.5x | 0.9x |
| Fri, 25 Nov 2022 | HK$575.3b | HK$729.7b | HK$42.9b | 10x | 13.4x | 0.8x |
| Sun, 23 Oct 2022 | HK$553.2b | HK$728.2b | HK$42.8b | 9.4x | 12.9x | 0.8x |
| Tue, 20 Sep 2022 | HK$622.4b | HK$742.4b | HK$43.8b | 10.6x | 14.2x | 0.8x |
Price to Earnings Ratio
14.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.7x which is higher than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 5.0% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | 2.64% | |
| Consumer Staples | 2.37% | |
| Food | 1.55% | |
| Packaged Foods and Meats | 1.72% | |
| Agricultural Products | -1.67% | |
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 14.5x.
- Analysts are expecting annual earnings growth of 12.9%, which is lower than the prior year's growth of 23.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 99% over the next 5 years.
- However this is lower than its past earnings growth rate of 437% per year.
- 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$8.81 | 5.6% +HK$6.0b | 50.3% | PE9x | |
| 151 Want Want China Holdings | HK$5.79 | 4.1% +HK$2.7b | 25.1% | PE14.4x | |
| 9985 WEILONG Delicious Global Holdings | HK$13.58 | 6.9% +HK$2.1b | 101.8% | PE25.6x | |
| 6683 Star Plus Legend Holdings | HK$12.56 | 16.8% +HK$1.6b | 350.2% | PE249.3x | |
| 1610 COFCO Joycome Foods | HK$1.97 | 12.6% +HK$1.0b | 50.4% | PE15.3x |
