Narrative Update • May 31

Over the last 7 days, the Food industry has dropped 1.0%, driven by China Mengniu Dairy declining 6.3%. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Has the Hong Kong Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | HK$544.1b | HK$793.1b | HK$38.2b | 12.5x | 14.2x | 0.7x |
| Tue, 05 May 2026 | HK$586.6b | HK$789.0b | HK$38.0b | 13.6x | 15.4x | 0.7x |
| Thu, 02 Apr 2026 | HK$606.6b | HK$785.0b | HK$37.9b | 14.1x | 16x | 0.8x |
| Sat, 28 Feb 2026 | HK$620.2b | HK$781.5b | HK$38.8b | 12.6x | 16x | 0.8x |
| Mon, 26 Jan 2026 | HK$599.7b | HK$772.1b | HK$38.3b | 13.2x | 15.6x | 0.8x |
| Wed, 24 Dec 2025 | HK$595.6b | HK$766.2b | HK$38.1b | 12.6x | 15.6x | 0.8x |
| Fri, 21 Nov 2025 | HK$589.8b | HK$761.0b | HK$38.0b | 12.9x | 15.5x | 0.8x |
| Sun, 19 Oct 2025 | HK$567.4b | HK$755.8b | HK$37.6b | 13.5x | 15.1x | 0.8x |
| Tue, 16 Sep 2025 | HK$626.8b | HK$757.2b | HK$37.6b | 15.4x | 16.7x | 0.8x |
| Thu, 14 Aug 2025 | HK$638.1b | HK$759.3b | HK$39.3b | 15.3x | 16.2x | 0.8x |
| Sat, 12 Jul 2025 | HK$608.0b | HK$755.1b | HK$38.8b | 14.9x | 15.7x | 0.8x |
| Mon, 09 Jun 2025 | HK$618.5b | HK$752.4b | HK$38.5b | 13.6x | 16.1x | 0.8x |
| Wed, 07 May 2025 | HK$600.8b | HK$740.7b | HK$37.9b | 13.9x | 15.8x | 0.8x |
| Fri, 04 Apr 2025 | HK$592.5b | HK$738.5b | HK$37.9b | 12.6x | 15.6x | 0.8x |
| Sun, 02 Mar 2025 | HK$530.1b | HK$724.3b | HK$35.1b | 15.4x | 15.1x | 0.7x |
| Tue, 28 Jan 2025 | HK$504.8b | HK$726.3b | HK$35.1b | 14.6x | 14.4x | 0.7x |
| Thu, 26 Dec 2024 | HK$505.3b | HK$722.5b | HK$35.0b | 14.8x | 14.5x | 0.7x |
| Sat, 23 Nov 2024 | HK$501.3b | HK$728.0b | HK$35.1b | 14x | 14.3x | 0.7x |
| Mon, 21 Oct 2024 | HK$519.6b | HK$735.2b | HK$35.5b | 13.9x | 14.6x | 0.7x |
| Wed, 18 Sep 2024 | HK$469.1b | HK$737.8b | HK$35.6b | 11.9x | 13.2x | 0.6x |
| Fri, 16 Aug 2024 | HK$465.6b | HK$741.1b | HK$31.2b | 12.5x | 14.9x | 0.6x |
| Sun, 14 Jul 2024 | HK$477.0b | HK$737.2b | HK$27.7b | 13.2x | 17.2x | 0.6x |
| Tue, 11 Jun 2024 | HK$489.5b | HK$739.9b | HK$27.3b | 15x | 17.9x | 0.7x |
| Thu, 09 May 2024 | HK$499.8b | HK$741.6b | HK$27.3b | 14.6x | 18.3x | 0.7x |
| Sat, 06 Apr 2024 | HK$481.5b | HK$742.2b | HK$27.3b | 14.4x | 17.6x | 0.6x |
| Mon, 04 Mar 2024 | HK$445.0b | HK$753.4b | HK$35.5b | 13.2x | 12.5x | 0.6x |
| Wed, 31 Jan 2024 | HK$486.3b | HK$792.7b | HK$37.2b | 13.5x | 13.1x | 0.6x |
| Fri, 29 Dec 2023 | HK$540.2b | HK$792.6b | HK$37.2b | 15.6x | 14.5x | 0.7x |
| Sun, 26 Nov 2023 | HK$547.2b | HK$770.1b | HK$35.5b | 15.2x | 15.4x | 0.7x |
| Tue, 24 Oct 2023 | HK$530.3b | HK$764.0b | HK$35.1b | 15.8x | 15.1x | 0.7x |
| Thu, 21 Sep 2023 | HK$536.1b | HK$764.6b | HK$35.1b | 16x | 15.3x | 0.7x |
| Sat, 19 Aug 2023 | HK$540.0b | HK$753.1b | HK$36.9b | 16.7x | 14.6x | 0.7x |
| Mon, 17 Jul 2023 | HK$567.3b | HK$761.1b | HK$39.9b | 17.2x | 14.2x | 0.7x |
| Wed, 14 Jun 2023 | HK$573.2b | HK$763.6b | HK$40.4b | 14.4x | 14.2x | 0.8x |
14.2x
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | -0.88% | |
| Consumer Staples | -1.30% | |
| Food | -1.00% | |
| Packaged Foods and Meats | -0.98% | |
| Agricultural Products | -1.49% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 322 Tingyi (Cayman Islands) Holding | HK$12.16 | 1.8% +HK$1.2b | -7.3% | PE13.2x | |
| 6186 China Feihe | HK$3.18 | 3.9% +HK$1.1b | -44.7% | PE12.5x | |
| 220 Uni-President China Holdings | HK$8.00 | 1.8% +HK$604.7m | -24.2% | PE14.6x | |
| 151 Want Want China Holdings | HK$4.21 | 1.2% +HK$590.1m | -19.2% | PE10.2x | |
| 9676 Shiyue Daotian Group | HK$4.98 | 2.5% +HK$126.8m | -17.5% | PE10.6x |