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Hong Kong (HSI) Food Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies53
  • 7D-0.8%
  • 3M3.4%
  • 1Y5.7%
  • YTD4.1%

The Food is pretty flat in the last 7 days, but Dekon Food and Agriculture Group has stood out, gaining 14%. The past year has been better, since the industry has gained 5.7% in that time. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

Has the Hong Kong Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026HK$607.2bHK$779.3bHK$38.4b12.9x15.8x0.8x
Fri, 13 Feb 2026HK$632.5bHK$778.2bHK$38.6b12.4x16.4x0.8x
Sun, 11 Jan 2026HK$585.1bHK$771.0bHK$38.3b12.4x15.3x0.8x
Tue, 09 Dec 2025HK$576.8bHK$763.9bHK$38.0b13.2x15.2x0.8x
Thu, 06 Nov 2025HK$583.1bHK$758.9bHK$37.8b14.1x15.4x0.8x
Sat, 04 Oct 2025HK$586.3bHK$757.5bHK$37.6b13.8x15.6x0.8x
Mon, 01 Sep 2025HK$625.4bHK$758.2bHK$37.6b14x16.6x0.8x
Wed, 30 Jul 2025HK$634.3bHK$755.1bHK$38.7b16.4x16.4x0.8x
Fri, 27 Jun 2025HK$594.3bHK$754.1bHK$38.9b13.6x15.3x0.8x
Sun, 25 May 2025HK$605.4bHK$751.5bHK$38.5b13.6x15.7x0.8x
Tue, 22 Apr 2025HK$593.1bHK$736.5bHK$37.9b13x15.6x0.8x
Thu, 20 Mar 2025HK$593.6bHK$732.2bHK$37.3b15.7x15.9x0.8x
Sat, 15 Feb 2025HK$501.5bHK$725.3bHK$35.1b13.9x14.3x0.7x
Mon, 13 Jan 2025HK$484.6bHK$715.4bHK$34.8b13.8x13.9x0.7x
Wed, 11 Dec 2024HK$514.7bHK$725.9bHK$35.1b14.4x14.6x0.7x
Fri, 08 Nov 2024HK$537.7bHK$731.9bHK$35.3b15.5x15.2x0.7x
Sun, 06 Oct 2024HK$573.5bHK$737.6bHK$35.7b15x16.1x0.8x
Tue, 03 Sep 2024HK$471.4bHK$737.2bHK$35.7b12x13.2x0.6x
Thu, 01 Aug 2024HK$461.3bHK$745.0bHK$28.0b12.6x16.5x0.6x
Sat, 29 Jun 2024HK$470.2bHK$738.3bHK$27.6b13.7x17x0.6x
Mon, 27 May 2024HK$497.9bHK$740.2bHK$27.3b14.6x18.2x0.7x
Wed, 24 Apr 2024HK$486.5bHK$742.1bHK$27.3b14.2x17.8x0.7x
Fri, 22 Mar 2024HK$470.3bHK$749.3bHK$35.2b14.1x13.4x0.6x
Sun, 18 Feb 2024HK$445.0bHK$752.9bHK$35.4b13.7x12.6x0.6x
Tue, 16 Jan 2024HK$520.8bHK$788.8bHK$37.0b14.7x14.1x0.7x
Thu, 14 Dec 2023HK$520.9bHK$787.8bHK$36.9b14.7x14.1x0.7x
Sat, 11 Nov 2023HK$535.0bHK$764.1bHK$35.1b15.9x15.2x0.7x
Mon, 09 Oct 2023HK$532.0bHK$765.1bHK$35.1b15.8x15.2x0.7x
Wed, 06 Sep 2023HK$550.7bHK$765.7bHK$35.1b16.7x15.7x0.7x
Fri, 04 Aug 2023HK$566.5bHK$758.4bHK$39.7b17.9x14.3x0.7x
Sun, 02 Jul 2023HK$569.7bHK$756.7bHK$39.7b15.8x14.3x0.8x
Tue, 30 May 2023HK$576.5bHK$767.5bHK$40.6b13.8x14.2x0.8x
Thu, 27 Apr 2023HK$618.2bHK$778.5bHK$41.3b14.3x15x0.8x
Sat, 25 Mar 2023HK$647.7bHK$762.3bHK$43.7b11.3x14.8x0.8x
Price to Earnings Ratio

14.8x


Total Market Cap: HK$647.7bTotal Earnings: HK$43.7bTotal Revenue: HK$762.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Food Industry Price to Earnings3Y Average 15.3x202420252026
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 0.73x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 4.4% 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-0.31%
Consumer Staples-2.34%
Food-0.76%
Agricultural Products2.98%
Packaged Foods and Meats-0.99%
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 14.3x.
    • Analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings growth of 11.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 100% over the next 5 years.
  • However this is lower than its past earnings growth rate of 187% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2419 Dekon Food and Agriculture GroupHK$83.2513.7%
+HK$3.9b		148.9%PE7.8x
6683 Star Plus Legend HoldingsHK$9.9551.7%
+HK$3.2b		138.0%PE201.2x
2319 China Mengniu DairyHK$16.632.7%
+HK$1.7b		-14.6%PS0.7x
1117 China Modern Dairy HoldingsHK$1.568.3%
+HK$949.9m		32.2%PS0.8x
1837 Natural Food International HoldingHK$1.3822.1%
+HK$547.1m		119.0%PE13x

Latest News

9676
HK$7.00
Shiyue Daotian Group
7D
-4.0%
1Y
16.9%
3839
HK$7.28
Chia Tai Enterprises International
7D
23.2%
1Y
320.8%
6683
HK$9.95
Star Plus Legend Holdings
7D
51.7%
1Y
138.0%
345
HK$6.52
Vitasoy International Holdings
7D
-4.3%
1Y
-30.0%

345: Completed Share Buybacks And Unchanged Assumptions Will Support Future Dividend Prospects

Analysts have maintained their fair value estimate for Vitasoy International Holdings at HK$7.20, reflecting unchanged assumptions around discount rate, revenue growth, profit margin and future P/E. This suggests no material shift in their overall price target rationale.
1579
HK$15.34
Yihai International Holding
7D
-2.8%
1Y
-2.0%
2319
HK$16.63
China Mengniu Dairy
7D
2.7%
1Y
-14.6%

2319: Index Removal And Dividend Prospects Will Support Future Upside

Analysts have nudged their 12 month price target for China Mengniu Dairy slightly lower from about HK$21.31 to around HK$21.17, citing updated assumptions for revenue growth, profit margins and the forward P/E multiple. What's in the News Board meeting scheduled for March 25, 2026 to approve the announcement of annual results for the year ended December 31, 2025 and to consider a final dividend, if applicable (Key Developments).
1837
HK$1.38
Natural Food International Holding
7D
22.1%
1Y
119.0%
2419
HK$83.25
Dekon Food and Agriculture Group
7D
13.7%
1Y
148.9%
9858
HK$4.53
China Youran Dairy Group
7D
3.0%
1Y
75.6%
322
HK$12.80
Tingyi (Cayman Islands) Holding
7D
-1.7%
1Y
-1.2%
288
HK$9.57
WH Group
7D
-1.3%
1Y
42.6%

288: Future Returns Will Likely Disappoint Despite Modest Assumption Tweaks

Analysts have nudged their price target on WH Group slightly higher to HK$7.24 from HK$7.23, citing updated assumptions around revenue growth, profit margins, and expected future P/E levels. What's in the News WH Group has scheduled a board meeting for March 24, 2026, to review and approve the annual results for the year ended December 31, 2025.
9985
HK$11.27
WEILONG Delicious Global Holdings
7D
-1.7%
1Y
-8.1%
1117
HK$1.56
China Modern Dairy Holdings
7D
8.3%
1Y
32.2%
151
HK$4.73
Want Want China Holdings
7D
0.6%
1Y
-9.2%

Getting In Cheap On Want Want China Holdings Limited (HKG:151) Is Unlikely

Jan 28
Getting In Cheap On Want Want China Holdings Limited (HKG:151) Is Unlikely
2218
HK$14.94
Yantai North Andre JuiceLtd
7D
-6.6%
1Y
45.0%

Earnings Not Telling The Story For Yantai North Andre Juice Co.,Ltd. (HKG:2218)

Jan 13
Earnings Not Telling The Story For Yantai North Andre Juice Co.,Ltd. (HKG:2218)
142
HK$5.74
First Pacific
7D
-4.3%
1Y
9.3%

The Market Doesn't Like What It Sees From First Pacific Company Limited's (HKG:142) Earnings Yet

Dec 23
The Market Doesn't Like What It Sees From First Pacific Company Limited's (HKG:142) Earnings Yet