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Hong Kong (HSI) Financials Sector Analysis
UpdatedNov 19, 2025
DataAggregated Company Financials
Companies187
- 7D-3.6%
- 3M3.9%
- 1Y39.1%
- YTD37.9%
Over the last 7 days, the Financials industry has dropped 2.3%, driven by a pullback from Agricultural Bank of China of 6.9%. Meanwhile, GoFintech Quantum Innovation actually outperformed within the industry, gaining 8.8% in the last week. Over the past 12 months, the industry was up 39%. Earnings are forecast to grow by 2.5% annually.
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, 20 Nov 2025 | HK$17.3t | HK$6.2t | HK$2.1t | 9.9x | 8.4x | 2.8x |
| Sat, 18 Oct 2025 | HK$16.4t | HK$6.0t | HK$2.0t | 11.7x | 8.4x | 2.7x |
| Mon, 15 Sep 2025 | HK$17.0t | HK$6.2t | HK$2.0t | 11x | 8.4x | 2.7x |
| Wed, 13 Aug 2025 | HK$17.0t | HK$6.1t | HK$2.0t | 12.4x | 8.5x | 2.8x |
| Fri, 11 Jul 2025 | HK$17.0t | HK$6.1t | HK$2.0t | 11.7x | 8.4x | 2.8x |
| Sun, 08 Jun 2025 | HK$14.9t | HK$6.1t | HK$2.0t | 9.7x | 7.4x | 2.5x |
| Tue, 06 May 2025 | HK$13.8t | HK$5.9t | HK$2.0t | 8.8x | 7x | 2.3x |
| Thu, 03 Apr 2025 | HK$14.0t | HK$5.9t | HK$2.0t | 9x | 7x | 2.4x |
| Sat, 01 Mar 2025 | HK$13.6t | HK$6.4t | HK$1.9t | 9.7x | 7.2x | 2.1x |
| Mon, 27 Jan 2025 | HK$13.2t | HK$6.5t | HK$1.9t | 8.9x | 7x | 2x |
| Wed, 25 Dec 2024 | HK$13.3t | HK$6.3t | HK$1.9t | 9.3x | 7.1x | 2.1x |
| Fri, 22 Nov 2024 | HK$12.8t | HK$6.4t | HK$1.9t | 10x | 6.8x | 2x |
| Sun, 20 Oct 2024 | HK$13.4t | HK$6.4t | HK$1.8t | 10.8x | 7.4x | 2.1x |
| Tue, 17 Sep 2024 | HK$11.5t | HK$6.4t | HK$1.8t | 8.4x | 6.3x | 1.8x |
| Thu, 15 Aug 2024 | HK$11.7t | HK$6.3t | HK$1.8t | 8.1x | 6.5x | 1.9x |
| Sat, 13 Jul 2024 | HK$11.8t | HK$6.2t | HK$1.8t | 7.7x | 6.7x | 1.9x |
| Mon, 10 Jun 2024 | HK$11.7t | HK$6.2t | HK$1.8t | 7.9x | 6.6x | 1.9x |
| Wed, 08 May 2024 | HK$11.6t | HK$6.3t | HK$1.8t | 7.8x | 6.5x | 1.9x |
| Fri, 05 Apr 2024 | HK$11.0t | HK$6.3t | HK$1.8t | 7.7x | 6.1x | 1.7x |
| Sun, 03 Mar 2024 | HK$11.2t | HK$7.0t | HK$1.8t | 7.1x | 6.3x | 1.6x |
| Tue, 30 Jan 2024 | HK$10.8t | HK$6.8t | HK$1.7t | 7.2x | 6.3x | 1.6x |
| Thu, 28 Dec 2023 | HK$11.2t | HK$8.7t | HK$1.9t | 7x | 6x | 1.3x |
| Sat, 25 Nov 2023 | HK$11.6t | HK$8.6t | HK$1.9t | 7.6x | 6.2x | 1.3x |
| Mon, 23 Oct 2023 | HK$11.5t | HK$8.5t | HK$1.8t | 7x | 6.3x | 1.3x |
| Wed, 20 Sep 2023 | HK$11.6t | HK$8.5t | HK$1.8t | 7.5x | 6.3x | 1.4x |
| Fri, 18 Aug 2023 | HK$11.5t | HK$8.3t | HK$1.8t | 8.1x | 6.2x | 1.4x |
| Sun, 16 Jul 2023 | HK$12.1t | HK$8.4t | HK$1.9t | 7.8x | 6.5x | 1.4x |
| Tue, 13 Jun 2023 | HK$12.8t | HK$8.4t | HK$1.9t | 7.8x | 6.8x | 1.5x |
| Thu, 11 May 2023 | HK$13.4t | HK$8.6t | HK$1.9t | 8.3x | 7x | 1.6x |
| Sat, 08 Apr 2023 | HK$12.2t | HK$8.6t | HK$1.9t | 7.3x | 6.3x | 1.4x |
| Mon, 06 Mar 2023 | HK$12.4t | HK$8.6t | HK$2.0t | 6.9x | 6.3x | 1.4x |
| Wed, 01 Feb 2023 | HK$12.5t | HK$8.8t | HK$2.0t | 7.2x | 6.2x | 1.4x |
| Fri, 30 Dec 2022 | HK$11.9t | HK$8.5t | HK$1.9t | 7.1x | 6.1x | 1.4x |
| Sun, 27 Nov 2022 | HK$11.2t | HK$8.2t | HK$1.9t | 6.9x | 5.9x | 1.4x |
Price to Earnings Ratio
5.9x
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 6.8x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 3.0% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.8% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials sector?
| HK Market | -3.65% | |
| Financials | -3.63% | |
| Consumer Finance | 0.17% | |
| Mortgage Finance | 0% | 0 |
| Diversified Financial | -0.84% | |
| Banks | -3.35% | |
| Insurance | -4.47% | |
| Capital Markets | -4.68% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 29.4x.
- Analysts are expecting annual earnings growth of 8.2%, which is lower than the prior year's growth of 18.1% per year.
- Investors are most pessimistic about the Diversified Financial industry, which is trading close to its 3-year average of 7.8x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 15% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Insurance industry is expected to see its earnings decline by 7.4% 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 | |
|---|---|---|---|---|---|
| 290 GoFintech Quantum Innovation | HK$2.16 | 8.5% +HK$1.5b | 173.4% | PS22.9x | |
| 3698 Huishang Bank | HK$3.70 | 2.2% +HK$1.1b | 60.9% | PB0.3x | |
| 622 Oshidori International Holdings | HK$0.61 | 13.0% +HK$432.8m | 246.6% | PE310.7x | |
| 1983 Luzhou Bank | HK$2.19 | 5.8% +HK$326.1m | 17.7% | PB0.4x | |
| 6199 Bank of Guizhou | HK$1.08 | 1.9% +HK$291.8m | -24.5% | PB0.3x |
