Hong Kong (HSI) Banks Industry Analysis
UpdatedSep 26, 2023
DataAggregated Company Financials
Companies35
- 7D1.1%
- 3M-10.4%
- 1Y-0.5%
- YTD-6.9%
The Banks industry is up 1.1% in the last week, with Agricultural Bank of China up 4.7%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 5.9% annually.
Industry Valuation and Performance
Has the Hong Kong Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 Sep 2023 | HK$7.4t | HK$3.8t | HK$1.6t | 4.5x | 4.6x | 1.9x |
| Thu, 24 Aug 2023 | HK$7.1t | HK$3.8t | HK$1.6t | 4.6x | 4.5x | 1.9x |
| Sat, 22 Jul 2023 | HK$7.3t | HK$3.8t | HK$1.6t | 5.1x | 4.6x | 1.9x |
| Mon, 19 Jun 2023 | HK$7.9t | HK$3.9t | HK$1.6t | 5.6x | 4.9x | 2.1x |
| Wed, 17 May 2023 | HK$8.3t | HK$4.0t | HK$1.6t | 5.7x | 5.1x | 2.1x |
| Fri, 14 Apr 2023 | HK$7.8t | HK$4.0t | HK$1.7t | 5.6x | 4.7x | 2x |
| Sun, 12 Mar 2023 | HK$7.4t | HK$4.0t | HK$1.7t | 5.4x | 4.4x | 1.8x |
| Tue, 07 Feb 2023 | HK$7.4t | HK$4.0t | HK$1.7t | 5.4x | 4.4x | 1.8x |
| Thu, 05 Jan 2023 | HK$7.4t | HK$3.9t | HK$1.7t | 5.3x | 4.5x | 1.9x |
| Sat, 03 Dec 2022 | HK$6.9t | HK$3.8t | HK$1.6t | 4.6x | 4.3x | 1.8x |
| Mon, 31 Oct 2022 | HK$6.5t | HK$3.7t | HK$1.6t | 4.1x | 4.2x | 1.7x |
| Wed, 28 Sep 2022 | HK$6.9t | HK$3.8t | HK$1.6t | 5.2x | 4.4x | 1.8x |
| Fri, 26 Aug 2022 | HK$7.2t | HK$3.9t | HK$1.6t | 5.5x | 4.4x | 1.8x |
| Sun, 24 Jul 2022 | HK$7.4t | HK$4.0t | HK$1.7t | 5.4x | 4.5x | 1.9x |
| Tue, 21 Jun 2022 | HK$7.9t | HK$4.0t | HK$1.7t | 5.6x | 4.8x | 2x |
| Thu, 19 May 2022 | HK$7.9t | HK$4.0t | HK$1.7t | 5.5x | 4.8x | 2x |
| Sat, 16 Apr 2022 | HK$8.5t | HK$4.1t | HK$1.7t | 5.8x | 5x | 2.1x |
| Mon, 14 Mar 2022 | HK$8.1t | HK$4.0t | HK$1.7t | 5.3x | 4.8x | 2x |
| Wed, 09 Feb 2022 | HK$8.6t | HK$4.0t | HK$1.7t | 5.9x | 5.1x | 2.2x |
| Fri, 07 Jan 2022 | HK$8.2t | HK$3.9t | HK$1.7t | 4.2x | 4.8x | 2.1x |
| Sun, 05 Dec 2021 | HK$7.9t | HK$3.9t | HK$1.7t | 5.6x | 4.7x | 2x |
| Tue, 02 Nov 2021 | HK$8.0t | HK$3.8t | HK$1.7t | 6x | 4.8x | 2.1x |
| Thu, 30 Sep 2021 | HK$8.0t | HK$3.7t | HK$1.6t | 5.9x | 5x | 2.1x |
| Sat, 28 Aug 2021 | HK$7.9t | HK$3.7t | HK$1.6t | 6.4x | 5x | 2.1x |
| Sun, 04 Jul 2021 | HK$8.4t | HK$3.7t | HK$1.6t | 6.7x | 5.3x | 2.3x |
| Wed, 07 Apr 2021 | HK$9.0t | HK$3.5t | HK$1.5t | 7.1x | 6x | 2.6x |
| Sat, 09 Jan 2021 | HK$8.2t | HK$3.5t | HK$1.5t | 7.1x | 5.5x | 2.4x |
| Fri, 02 Oct 2020 | HK$7.4t | HK$3.3t | HK$1.3t | 6.2x | 5.6x | 2.3x |
Price to Earnings Ratio
5.6x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Banks 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 5.0x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 6.3% per year over the last three years.
- Revenues for these companies have grown 5.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials industry?
| HK Market | -0.80% | |
| Financials | 0.81% | |
| Banks | 1.12% | |
| Diversified Banks | 1.22% | |
| Regional Banks | -0.65% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 7.1x.
- Analysts are expecting annual earnings growth of 11.4%, which is higher than its past year's earnings growth of 4.3% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 4.9x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings growth rate of 4.3% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.9% 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 | |
|---|---|---|---|---|---|
| 1288 Agricultural Bank of China | HK$2.90 | 1.4% +HK$14.0b | 21.8% | PB0.4x | |
| 1658 Postal Savings Bank of China | HK$3.97 | 1.0% +HK$4.0b | -16.1% | PB0.4x | |
| 3328 Bank of Communications | HK$4.69 | 0.9% +HK$3.0b | 12.2% | PB0.3x | |
| 998 China CITIC Bank | HK$3.69 | 0.3% +HK$489.7m | 15.3% | PB0.2x | |
| 3618 Chongqing Rural Commercial Bank | HK$2.93 | 1.4% +HK$454.3m | 14.0% | PB0.3x |