Analysis Article • Aug 28
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Hong Kong (HSI) Food Industry Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies56
- 7D-2.5%
- 3M-0.6%
- 1Y-13.5%
- YTD-5.9%
Over the last 7 days, the Food industry has dropped 2.5%, driven by declines in Tingyi (Cayman Islands) Holding and WH Group of 5.8% and 4.0%, respectively. In contrast, Dekon Food and Agriculture Group has gained 11%. Overall the industry is down 13% in 12 months. Looking forward, earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | HK$574.0b | HK$813.4b | HK$35.8b | 13.1x | 16x | 0.7x |
| Tue, 28 Jul 2026 | HK$559.7b | HK$797.3b | HK$38.7b | 12.1x | 14.5x | 0.7x |
| 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 |
Price to Earnings Ratio
15.7x
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
- The earnings for companies in the Food industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | -0.088% | |
| Consumer Staples | -0.029% | |
| Food | -2.51% | |
| Packaged Foods and Meats | -2.25% | |
| Agricultural Products | -6.31% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 63.9%, which is higher than its past year's earnings growth of 22.5% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 14.1x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 2419 Dekon Food and Agriculture Group | HK$57.65 | 10.9% +HK$2.2b | -36.6% | PS0.9x | |
| 1112 Health and Happiness (H&H) International Holdings | HK$18.61 | 20.4% +HK$2.0b | 26.2% | PE14x | |
| 1579 Yihai International Holding | HK$16.35 | 7.6% +HK$1.1b | 19.2% | PE14.8x | |
| 2218 Yantai North Andre Juice | HK$21.20 | 10.7% +HK$672.2m | 22.2% | PE23.6x | |
| 6715 Hangzhou Qiandaohu Xunlong Sci-tech | HK$75.00 | 4.4% +HK$343.0m | n/a | PE19.9x |