Narrative Update • Jun 15
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Hong Kong (HSI) Food Industry Analysis
UpdatedJun 25, 2026
DataAggregated Company Financials
Companies54
- 7D-3.7%
- 3M-14.7%
- 1Y-15.1%
- YTD-12.9%
Over the last 7 days, the Food industry has dropped 3.7%, driven by pullbacks in Tingyi (Cayman Islands) Holding and WH Group of 7.2% and 3.4%, respectively. However, the industry is down 15% over the past year. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Jun 2026 | HK$518.0b | HK$792.7b | HK$38.4b | 10.8x | 13.5x | 0.7x |
| Sat, 23 May 2026 | HK$550.5b | HK$791.0b | HK$38.2b | 12.3x | 14.4x | 0.7x |
| Mon, 20 Apr 2026 | HK$600.2b | HK$789.7b | HK$38.1b | 13.2x | 15.8x | 0.8x |
| Wed, 18 Mar 2026 | HK$616.6b | HK$780.6b | HK$38.5b | 12.5x | 16x | 0.8x |
| Fri, 13 Feb 2026 | HK$632.5b | HK$778.2b | HK$38.6b | 12.4x | 16.4x | 0.8x |
| Sun, 11 Jan 2026 | HK$585.1b | HK$771.0b | HK$38.3b | 12.4x | 15.3x | 0.8x |
| Tue, 09 Dec 2025 | HK$576.8b | HK$763.9b | HK$38.0b | 13.2x | 15.2x | 0.8x |
| Thu, 06 Nov 2025 | HK$583.1b | HK$758.9b | HK$37.8b | 14.1x | 15.4x | 0.8x |
| Sat, 04 Oct 2025 | HK$586.3b | HK$757.5b | HK$37.6b | 13.8x | 15.6x | 0.8x |
| Mon, 01 Sep 2025 | HK$625.4b | HK$758.2b | HK$37.6b | 14x | 16.6x | 0.8x |
| Wed, 30 Jul 2025 | HK$634.3b | HK$755.1b | HK$38.7b | 16.4x | 16.4x | 0.8x |
| Fri, 27 Jun 2025 | HK$594.3b | HK$754.1b | HK$38.9b | 13.6x | 15.3x | 0.8x |
| Sun, 25 May 2025 | HK$605.4b | HK$751.5b | HK$38.5b | 13.6x | 15.7x | 0.8x |
| Tue, 22 Apr 2025 | HK$593.1b | HK$736.5b | HK$37.9b | 13x | 15.6x | 0.8x |
| Thu, 20 Mar 2025 | HK$593.6b | HK$732.2b | HK$37.3b | 15.7x | 15.9x | 0.8x |
| Sat, 15 Feb 2025 | HK$501.5b | HK$725.3b | HK$35.1b | 13.9x | 14.3x | 0.7x |
| Mon, 13 Jan 2025 | HK$484.6b | HK$715.4b | HK$34.8b | 13.8x | 13.9x | 0.7x |
| Wed, 11 Dec 2024 | HK$514.7b | HK$725.9b | HK$35.1b | 14.4x | 14.6x | 0.7x |
| Fri, 08 Nov 2024 | HK$537.7b | HK$731.9b | HK$35.3b | 15.5x | 15.2x | 0.7x |
| Sun, 06 Oct 2024 | HK$573.5b | HK$737.6b | HK$35.7b | 15x | 16.1x | 0.8x |
| Tue, 03 Sep 2024 | HK$471.4b | HK$737.2b | HK$35.7b | 12x | 13.2x | 0.6x |
| Thu, 01 Aug 2024 | HK$461.3b | HK$745.0b | HK$28.0b | 12.6x | 16.5x | 0.6x |
| Sat, 29 Jun 2024 | HK$470.2b | HK$738.3b | HK$27.6b | 13.7x | 17x | 0.6x |
| Mon, 27 May 2024 | HK$497.9b | HK$740.2b | HK$27.3b | 14.6x | 18.2x | 0.7x |
| Wed, 24 Apr 2024 | HK$486.5b | HK$742.1b | HK$27.3b | 14.2x | 17.8x | 0.7x |
| Fri, 22 Mar 2024 | HK$470.3b | HK$749.3b | HK$35.2b | 14.1x | 13.4x | 0.6x |
| Sun, 18 Feb 2024 | HK$445.0b | HK$752.9b | HK$35.4b | 13.7x | 12.6x | 0.6x |
| Tue, 16 Jan 2024 | HK$520.8b | HK$788.8b | HK$37.0b | 14.7x | 14.1x | 0.7x |
| Thu, 14 Dec 2023 | HK$520.9b | HK$787.8b | HK$36.9b | 14.7x | 14.1x | 0.7x |
| Sat, 11 Nov 2023 | HK$535.0b | HK$764.1b | HK$35.1b | 15.9x | 15.2x | 0.7x |
| Mon, 09 Oct 2023 | HK$532.0b | HK$765.1b | HK$35.1b | 15.8x | 15.2x | 0.7x |
| Wed, 06 Sep 2023 | HK$550.7b | HK$765.7b | HK$35.1b | 16.7x | 15.7x | 0.7x |
| Fri, 04 Aug 2023 | HK$566.5b | HK$758.4b | HK$39.7b | 17.9x | 14.3x | 0.7x |
| Sun, 02 Jul 2023 | HK$569.7b | HK$756.7b | HK$39.7b | 15.8x | 14.3x | 0.8x |
Price to Earnings Ratio
14.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Food 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 13.5x which is lower than its 3-year average PE 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 | -3.76% | |
| Consumer Staples | -3.56% | |
| Food | -3.71% | |
| Packaged Foods and Meats | -3.63% | |
| Agricultural Products | -5.05% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 14.2x.
- Analysts are expecting annual earnings growth of 12.2%, 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 12% 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 | |
|---|---|---|---|---|---|
| 2319 China Mengniu Dairy | HK$16.56 | 6.4% +HK$3.8b | 0.5% | PE36x | |
| 345 Vitasoy International Holdings | HK$6.85 | 18.1% +HK$1.1b | -25.3% | PE29.6x | |
| 6658 Liuliumei | HK$150.00 | 8.9% +HK$961.5m | n/a | PE56.3x | |
| 1579 Yihai International Holding | HK$13.26 | 2.6% +HK$320.1m | -3.8% | PE13.1x | |
| 6980 BAMA TEA | HK$22.40 | 7.7% +HK$136.0m | n/a | PE7.4x |
