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Hong Kong (HSI) Financials Sector Analysis
UpdatedAug 14, 2025
DataAggregated Company Financials
Companies190
- 7D2.3%
- 3M13.5%
- 1Y53.8%
- YTD34.1%
The Financials industry is up 2.3% in the last week, with Agricultural Bank of China up 5.1%. This takes the industry's 12 month performance to a gain of 54%. As for the next few years, earnings are expected to grow by 3.9% per annum.
Sector Valuation and Performance
Has the Hong Kong Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 14 Aug 2025 | HK$17.0t | HK$6.1t | HK$2.0t | 12.3x | 8.4x | 2.8x |
| Sat, 12 Jul 2025 | HK$17.0t | HK$6.1t | HK$2.0t | 11.7x | 8.4x | 2.8x |
| Mon, 09 Jun 2025 | HK$14.9t | HK$6.1t | HK$2.0t | 9.7x | 7.4x | 2.5x |
| Wed, 07 May 2025 | HK$13.8t | HK$6.0t | HK$2.0t | 8.9x | 7x | 2.3x |
| Fri, 04 Apr 2025 | HK$14.0t | HK$5.9t | HK$2.0t | 8.7x | 7.1x | 2.4x |
| Sun, 02 Mar 2025 | HK$13.6t | HK$6.4t | HK$1.9t | 9.6x | 7.2x | 2.1x |
| Tue, 28 Jan 2025 | HK$13.4t | HK$6.5t | HK$1.9t | 9.1x | 7.1x | 2.1x |
| Thu, 26 Dec 2024 | HK$13.5t | HK$6.3t | HK$1.9t | 9.3x | 7.2x | 2.1x |
| Sat, 23 Nov 2024 | HK$12.6t | HK$6.4t | HK$1.9t | 9.7x | 6.7x | 2x |
| Mon, 21 Oct 2024 | HK$13.4t | HK$6.4t | HK$1.8t | 10.8x | 7.4x | 2.1x |
| Wed, 18 Sep 2024 | HK$11.6t | HK$6.4t | HK$1.8t | 8.3x | 6.3x | 1.8x |
| Fri, 16 Aug 2024 | HK$11.8t | HK$6.3t | HK$1.8t | 8.3x | 6.6x | 1.9x |
| Sun, 14 Jul 2024 | HK$11.8t | HK$6.2t | HK$1.8t | 7.7x | 6.7x | 1.9x |
| Tue, 11 Jun 2024 | HK$11.7t | HK$6.2t | HK$1.8t | 7.9x | 6.6x | 1.9x |
| Thu, 09 May 2024 | HK$11.6t | HK$6.3t | HK$1.8t | 7.8x | 6.5x | 1.9x |
| Sat, 06 Apr 2024 | HK$11.0t | HK$6.3t | HK$1.8t | 7.7x | 6.1x | 1.7x |
| Mon, 04 Mar 2024 | HK$11.2t | HK$7.0t | HK$1.8t | 7.1x | 6.3x | 1.6x |
| Wed, 31 Jan 2024 | HK$10.7t | HK$6.9t | HK$1.7t | 7.2x | 6.2x | 1.6x |
| Fri, 29 Dec 2023 | HK$11.3t | HK$8.7t | HK$1.9t | 7.1x | 6x | 1.3x |
| Sun, 26 Nov 2023 | HK$11.6t | HK$8.7t | HK$1.9t | 7.5x | 6.2x | 1.3x |
| Tue, 24 Oct 2023 | HK$11.5t | HK$8.5t | HK$1.8t | 7x | 6.3x | 1.3x |
| Thu, 21 Sep 2023 | HK$11.6t | HK$8.5t | HK$1.8t | 7.3x | 6.3x | 1.4x |
| Sat, 19 Aug 2023 | HK$11.5t | HK$8.2t | HK$1.8t | 8x | 6.2x | 1.4x |
| Mon, 17 Jul 2023 | HK$12.1t | HK$8.4t | HK$1.9t | 7.8x | 6.5x | 1.4x |
| Wed, 14 Jun 2023 | HK$11.4t | HK$7.7t | HK$1.6t | 8x | 7.1x | 1.5x |
| Fri, 12 May 2023 | HK$13.3t | HK$8.6t | HK$1.9t | 8.3x | 6.9x | 1.5x |
| Sun, 09 Apr 2023 | HK$12.2t | HK$8.6t | HK$1.9t | 7.3x | 6.4x | 1.4x |
| Tue, 07 Mar 2023 | HK$12.3t | HK$8.6t | HK$2.0t | 6.9x | 6.3x | 1.4x |
| Thu, 02 Feb 2023 | HK$12.5t | HK$8.8t | HK$2.0t | 7.1x | 6.2x | 1.4x |
| Sat, 31 Dec 2022 | HK$12.0t | HK$8.6t | HK$2.0t | 7.3x | 6.1x | 1.4x |
| Mon, 28 Nov 2022 | HK$11.2t | HK$8.2t | HK$1.9t | 6.9x | 5.9x | 1.4x |
| Wed, 26 Oct 2022 | HK$10.2t | HK$8.1t | HK$1.8t | 5.7x | 5.5x | 1.3x |
| Fri, 23 Sep 2022 | HK$11.0t | HK$8.3t | HK$1.9t | 6.7x | 5.8x | 1.3x |
| Sun, 21 Aug 2022 | HK$11.4t | HK$8.6t | HK$2.0t | 6.6x | 5.7x | 1.3x |
Price to Earnings Ratio
5.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.4x which is higher than its 3-year average PE of 6.6x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 11% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials sector?
| HK Market | 2.67% | |
| Financials | 2.34% | |
| Capital Markets | 3.79% | |
| Insurance | 2.77% | |
| Banks | 2.13% | |
| Mortgage Finance | 0% | 0 |
| Consumer Finance | -0.30% | |
| Diversified Financial | -1.36% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 28.8x.
- Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 23.9% per year.
- Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.2x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 8.7% per year.
- In contrast, the Insurance industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| 1288 Agricultural Bank of China | HK$5.54 | 2.8% +HK$52.5b | 56.9% | PB0.6x | |
| 2328 PICC Property and Casualty | HK$18.38 | 10.0% +HK$37.1b | 80.6% | PE11.6x | |
| 1299 AIA Group | HK$76.90 | 3.2% +HK$25.1b | 49.2% | PE15x | |
| 2628 China Life Insurance | HK$23.62 | 3.4% +HK$22.0b | 126.7% | PE5.3x | |
| 1339 People's Insurance Company (Group) of China | HK$6.49 | 4.5% +HK$12.4b | 141.3% | PE5.7x |
