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Hong Kong (HSI) Banks Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies34
- 7D1.7%
- 3M4.0%
- 1Y26.3%
- YTD25.9%
In the last week, the Banks industry is up 1.6%, with Agricultural Bank of China up 3.1%. During this same period, the Jilin Jiutai Rural Commercial Bank underperformed, falling 38%. In the last 12 months, the industry was up 27%. As for the next few years, earnings are expected to grow by 4.9% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$9.2t | HK$3.6t | HK$1.6t | 4.8x | 5.7x | 2.6x |
| Sat, 19 Oct 2024 | HK$9.6t | HK$3.7t | HK$1.6t | 5x | 5.9x | 2.6x |
| Mon, 16 Sep 2024 | HK$8.5t | HK$3.7t | HK$1.6t | 4.4x | 5.2x | 2.3x |
| Wed, 14 Aug 2024 | HK$8.8t | HK$3.6t | HK$1.6t | 4.7x | 5.4x | 2.4x |
| Fri, 12 Jul 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 4.8x | 5.4x | 2.4x |
| Sun, 09 Jun 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 4.8x | 5.4x | 2.4x |
| Tue, 07 May 2024 | HK$8.5t | HK$3.6t | HK$1.6t | 4.6x | 5.2x | 2.3x |
| Thu, 04 Apr 2024 | HK$8.2t | HK$3.7t | HK$1.6t | 4.4x | 5x | 2.2x |
| Sat, 02 Mar 2024 | HK$8.1t | HK$3.8t | HK$1.6t | 4.3x | 5x | 2.1x |
| Mon, 29 Jan 2024 | HK$7.7t | HK$3.7t | HK$1.6t | 4.2x | 4.9x | 2.1x |
| Wed, 27 Dec 2023 | HK$7.4t | HK$3.9t | HK$1.6t | 4.1x | 4.5x | 1.9x |
| Fri, 24 Nov 2023 | HK$7.5t | HK$3.9t | HK$1.6t | 4.5x | 4.6x | 1.9x |
| Sun, 22 Oct 2023 | HK$7.4t | HK$3.8t | HK$1.6t | 4.4x | 4.6x | 1.9x |
| Tue, 19 Sep 2023 | HK$7.3t | HK$3.8t | HK$1.6t | 4.5x | 4.5x | 1.9x |
| Thu, 17 Aug 2023 | HK$7.2t | HK$3.8t | HK$1.6t | 4.7x | 4.5x | 1.9x |
| Sat, 15 Jul 2023 | HK$7.6t | HK$3.9t | HK$1.6t | 5.2x | 4.7x | 2x |
| Mon, 12 Jun 2023 | HK$8.2t | HK$3.9t | HK$1.6t | 5.6x | 5.1x | 2.1x |
| Wed, 10 May 2023 | HK$8.8t | HK$4.0t | HK$1.7t | 5.9x | 5.3x | 2.2x |
| Fri, 07 Apr 2023 | HK$7.6t | HK$4.0t | HK$1.7t | 5.5x | 4.5x | 1.9x |
| Sun, 05 Mar 2023 | HK$7.5t | HK$3.9t | HK$1.7t | 5.6x | 4.5x | 1.9x |
| Tue, 31 Jan 2023 | HK$7.5t | HK$4.0t | HK$1.7t | 5.6x | 4.5x | 1.9x |
| Thu, 29 Dec 2022 | HK$7.2t | HK$3.9t | HK$1.6t | 5.1x | 4.4x | 1.9x |
| Sat, 26 Nov 2022 | HK$7.0t | HK$3.8t | HK$1.6t | 4.9x | 4.4x | 1.8x |
| Mon, 24 Oct 2022 | HK$6.7t | HK$3.7t | HK$1.5t | 4.6x | 4.4x | 1.8x |
| Wed, 21 Sep 2022 | HK$7.0t | HK$3.9t | HK$1.6t | 5.2x | 4.4x | 1.8x |
| Fri, 19 Aug 2022 | HK$7.2t | HK$3.9t | HK$1.6t | 5.2x | 4.4x | 1.8x |
| Sun, 17 Jul 2022 | HK$7.2t | HK$4.0t | HK$1.6t | 5.7x | 4.4x | 1.8x |
| Tue, 14 Jun 2022 | HK$7.9t | HK$4.0t | HK$1.7t | 5.5x | 4.8x | 2x |
| Thu, 12 May 2022 | HK$7.9t | HK$4.0t | HK$1.7t | 5.5x | 4.8x | 2x |
| Sat, 09 Apr 2022 | HK$8.6t | HK$4.1t | HK$1.7t | 5.9x | 5x | 2.1x |
| Mon, 07 Mar 2022 | HK$8.3t | HK$4.0t | HK$1.7t | 5.2x | 4.9x | 2.1x |
| Wed, 02 Feb 2022 | HK$8.3t | HK$4.0t | HK$1.7t | 6.2x | 4.9x | 2.1x |
| Fri, 31 Dec 2021 | HK$8.0t | HK$3.9t | HK$1.7t | 5.6x | 4.7x | 2.1x |
| Sun, 28 Nov 2021 | HK$7.8t | HK$3.9t | HK$1.7t | 5.5x | 4.7x | 2x |
Price to Earnings Ratio
4.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.7x which is higher than its 3-year average PE of 4.8x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 2.2% 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 industry?
| HK Market | 0.42% | |
| Financials | 0.60% | |
| Banks | 1.69% | |
| Diversified Banks | 1.74% | |
| Regional Banks | 0.27% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 4.8x.
- Analysts are expecting annual earnings growth of 4.9%, which is higher than its past year's earnings growth of 1.3% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.1x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 7.6% over the next 5 years.
- This is better than its past earnings growth rate of 1.7% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.9% 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$3.95 | 3.9% +HK$52.5b | 34.4% | PB0.4x | |
| 939 China Construction Bank | HK$5.95 | 1.9% +HK$27.5b | 28.2% | PB0.4x | |
| 3988 Bank of China | HK$3.67 | 2.2% +HK$23.6b | 26.6% | PB0.4x | |
| 1398 Industrial and Commercial Bank of China | HK$4.67 | 1.3% +HK$21.4b | 21.3% | PB0.4x | |
| 1658 Postal Savings Bank of China | HK$4.57 | 2.0% +HK$8.9b | 24.5% | PB0.4x |