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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Sep 2023HK$7.4tHK$3.8tHK$1.6t4.5x4.6x1.9x
Thu, 24 Aug 2023HK$7.1tHK$3.8tHK$1.6t4.6x4.5x1.9x
Sat, 22 Jul 2023HK$7.3tHK$3.8tHK$1.6t5.1x4.6x1.9x
Mon, 19 Jun 2023HK$7.9tHK$3.9tHK$1.6t5.6x4.9x2.1x
Wed, 17 May 2023HK$8.3tHK$4.0tHK$1.6t5.7x5.1x2.1x
Fri, 14 Apr 2023HK$7.8tHK$4.0tHK$1.7t5.6x4.7x2x
Sun, 12 Mar 2023HK$7.4tHK$4.0tHK$1.7t5.4x4.4x1.8x
Tue, 07 Feb 2023HK$7.4tHK$4.0tHK$1.7t5.4x4.4x1.8x
Thu, 05 Jan 2023HK$7.4tHK$3.9tHK$1.7t5.3x4.5x1.9x
Sat, 03 Dec 2022HK$6.9tHK$3.8tHK$1.6t4.6x4.3x1.8x
Mon, 31 Oct 2022HK$6.5tHK$3.7tHK$1.6t4.1x4.2x1.7x
Wed, 28 Sep 2022HK$6.9tHK$3.8tHK$1.6t5.2x4.4x1.8x
Fri, 26 Aug 2022HK$7.2tHK$3.9tHK$1.6t5.5x4.4x1.8x
Sun, 24 Jul 2022HK$7.4tHK$4.0tHK$1.7t5.4x4.5x1.9x
Tue, 21 Jun 2022HK$7.9tHK$4.0tHK$1.7t5.6x4.8x2x
Thu, 19 May 2022HK$7.9tHK$4.0tHK$1.7t5.5x4.8x2x
Sat, 16 Apr 2022HK$8.5tHK$4.1tHK$1.7t5.8x5x2.1x
Mon, 14 Mar 2022HK$8.1tHK$4.0tHK$1.7t5.3x4.8x2x
Wed, 09 Feb 2022HK$8.6tHK$4.0tHK$1.7t5.9x5.1x2.2x
Fri, 07 Jan 2022HK$8.2tHK$3.9tHK$1.7t4.2x4.8x2.1x
Sun, 05 Dec 2021HK$7.9tHK$3.9tHK$1.7t5.6x4.7x2x
Tue, 02 Nov 2021HK$8.0tHK$3.8tHK$1.7t6x4.8x2.1x
Thu, 30 Sep 2021HK$8.0tHK$3.7tHK$1.6t5.9x5x2.1x
Sat, 28 Aug 2021HK$7.9tHK$3.7tHK$1.6t6.4x5x2.1x
Sun, 04 Jul 2021HK$8.4tHK$3.7tHK$1.6t6.7x5.3x2.3x
Wed, 07 Apr 2021HK$9.0tHK$3.5tHK$1.5t7.1x6x2.6x
Sat, 09 Jan 2021HK$8.2tHK$3.5tHK$1.5t7.1x5.5x2.4x
Fri, 02 Oct 2020HK$7.4tHK$3.3tHK$1.3t6.2x5.6x2.3x
Price to Earnings Ratio

5.6x


Total Market Cap: HK$7.4tTotal Earnings: HK$1.3tTotal Revenue: HK$3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Banks Industry Price to Earnings3Y Average 5x202120222023
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%
Financials0.81%
Banks1.12%
Diversified Banks1.22%
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?

CompanyLast Price7D1YValuation
1288 Agricultural Bank of ChinaHK$2.901.4%
+HK$14.0b
21.8%PB0.4x
1658 Postal Savings Bank of ChinaHK$3.971.0%
+HK$4.0b
-16.1%PB0.4x
3328 Bank of CommunicationsHK$4.690.9%
+HK$3.0b
12.2%PB0.3x
998 China CITIC BankHK$3.690.3%
+HK$489.7m
15.3%PB0.2x
3618 Chongqing Rural Commercial BankHK$2.931.4%
+HK$454.3m
14.0%PB0.3x
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Latest News

3328

HK$4.69

Bank of Communications

7D

0.9%

1Y

12.2%

3988

HK$2.73

Bank of China

7D

-0.7%

1Y

4.2%

11

HK$96.10

Hang Seng Bank

7D

-0.9%

1Y

-21.2%

3618

HK$2.93

Chongqing Rural Commercial Bank

7D

1.4%

1Y

14.0%

6199

HK$1.89

Bank of Guizhou

7D

-1.6%

1Y

-21.3%

2388

HK$21.30

BOC Hong Kong (Holdings)

7D

-2.5%

1Y

-21.4%

998

HK$3.69

China CITIC Bank

7D

0.3%

1Y

15.3%

1658

HK$3.97

Postal Savings Bank of China

7D

1.0%

1Y

-16.1%

1216

HK$0.35

Zhongyuan Bank

7D

2.9%

1Y

-49.3%

1398

HK$3.75

Industrial and Commercial Bank of China

7D

-1.8%

1Y

0.8%

9668

HK$1.19

China Bohai Bank

7D

-3.3%

1Y

9.2%

1288

HK$2.90

Agricultural Bank of China

7D

1.4%

1Y

21.8%

9889

HK$6.99

Dongguan Rural Commercial Bank

7D

-4.6%

1Y

-3.9%

939

HK$4.40

China Construction Bank

7D

-0.7%

1Y

-3.5%

1983

HK$2.80

Luzhou Bank

7D

6.1%

1Y

41.4%