Here's Why I Think China International Capital (HKG:3908) Might Deserve Your Attention Today
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Has the Hong Kong Financials Sector valuation changed over the past few years?
|Sat, 04 Dec 2021||HK$12.7t||HK$9.1t||HK$2.1t||6x|
|Mon, 01 Nov 2021||HK$13.0t||HK$9.0t||HK$2.1t||6.5x|
|Wed, 29 Sep 2021||HK$12.9t||HK$8.7t||HK$2.0t||6.3x|
|Fri, 27 Aug 2021||HK$13.1t||HK$8.7t||HK$2.0t||7.2x|
|Sat, 03 Jul 2021||HK$14.2t||HK$8.7t||HK$2.0t||7.3x|
|Tue, 06 Apr 2021||HK$14.9t||HK$8.4t||HK$1.9t||8.4x|
|Fri, 08 Jan 2021||HK$14.5t||HK$8.3t||HK$1.9t||9.2x|
|Thu, 01 Oct 2020||HK$13.0t||HK$7.9t||HK$1.7t||8.1x|
|Sun, 05 Jul 2020||HK$12.8t||HK$7.5t||HK$1.6t||9.9x|
|Wed, 08 Apr 2020||HK$12.6t||HK$7.4t||HK$1.7t||9.1x|
|Tue, 31 Dec 2019||HK$14.8t||HK$7.6t||HK$1.8t||9.6x|
|Fri, 04 Oct 2019||HK$13.2t||HK$7.2t||HK$1.8t||9.8x|
|Mon, 08 Jul 2019||HK$14.6t||HK$7.3t||HK$1.8t||11x|
|Sun, 31 Mar 2019||HK$14.8t||HK$7.3t||HK$1.7t||12.6x|
|Wed, 02 Jan 2019||HK$12.9t||HK$6.9t||HK$1.6t||12.1x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.4x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Financials industry have grown 9.3% per year over the last three years, and revenues for these companies have grown 9.6% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Hong Kong Financials sector?
Industry PE: Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 14.1x. However analysts are expecting annual earnings growth of 16%, which is lower than the prior year's growth of 63% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Mortgage Finance industry, which is trading close to its 3-year average of 4.0x.
Forecasted Growth: Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 16% over the next 5 years. However this is lower than its past earnings growth rate of 63% per year. Meanwhile, the Consumer Finance industry is expected to see its earnings growth to stay flat over the next few years.
Which companies have driven the market over the last 7 days?
|1398 Industrial and Commercial Bank of China||4.1%+HK$60.6b||-12.6%||PB0.4x|
|939 China Construction Bank||4.5%+HK$57.5b||-12.5%||PB0.4x|
|1288 Agricultural Bank of China||2.3%+HK$21.0b||-8.2%||PB0.3x|
|1658 Postal Savings Bank of China||2.4%+HK$12.0b||26.6%||PB0.6x|
|3908 China International Capital||10.4%+HK$9.3b||9.0%||PE8.4x|
Industrial and Commercial Bank of China
Kingston Financial Group
China International Capital
China Construction Bank
Bank of China
Bank of Communications
China Zheshang Bank
Postal Savings Bank of China
Agricultural Bank of China
China Life Insurance
China Bohai Bank
Bank of Guizhou
Weihai City Commercial Bank
ZhongAn Online P & C Insurance