Bank of China (HKG:3988) Has Announced A Dividend Of CN¥0.2591
Jul 03
Hong Kong (HSI) Diversified Banks Industry Analysis
UpdatedJul 24, 2024
DataAggregated Company Financials
Companies15
- 7D-0.04%
- 3M3.1%
- 1Y17.3%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 5.0%, driven by a pullback from Industrial and Commercial Bank of China of 3.8%. Over the past 12 months, the industry was up 16%. Earnings are forecast to grow by 4.4% annually.
Industry Valuation and Performance
Has the Hong Kong Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jul 2024 | HK$8.5t | HK$3.4t | HK$1.5t | 4.4x | 5.5x | 2.5x |
| Fri, 21 Jun 2024 | HK$8.3t | HK$3.4t | HK$1.5t | 4.7x | 5.4x | 2.4x |
| Sun, 19 May 2024 | HK$8.5t | HK$3.4t | HK$1.6t | 4.9x | 5.5x | 2.5x |
| Tue, 16 Apr 2024 | HK$8.0t | HK$3.4t | HK$1.6t | 4.2x | 5.1x | 2.3x |
| Thu, 14 Mar 2024 | HK$7.7t | HK$3.7t | HK$1.6t | 4.3x | 4.9x | 2.1x |
| Sat, 10 Feb 2024 | HK$7.4t | HK$3.4t | HK$1.5t | 4.1x | 5x | 2.2x |
| Mon, 08 Jan 2024 | HK$7.2t | HK$3.7t | HK$1.6t | 3.9x | 4.6x | 1.9x |
| Wed, 06 Dec 2023 | HK$7.0t | HK$3.7t | HK$1.6t | 3.9x | 4.4x | 1.9x |
| Fri, 03 Nov 2023 | HK$7.0t | HK$3.6t | HK$1.5t | 3.9x | 4.5x | 1.9x |
| Sun, 01 Oct 2023 | HK$6.9t | HK$3.6t | HK$1.5t | 3.9x | 4.5x | 1.9x |
| Tue, 29 Aug 2023 | HK$6.8t | HK$3.6t | HK$1.5t | 4.5x | 4.5x | 1.9x |
| Thu, 27 Jul 2023 | HK$7.0t | HK$3.6t | HK$1.5t | 5x | 4.6x | 1.9x |
| Sat, 24 Jun 2023 | HK$7.4t | HK$3.6t | HK$1.5t | 4x | 4.8x | 2x |
| Mon, 22 May 2023 | HK$7.8t | HK$3.7t | HK$1.6t | 4.3x | 5x | 2.1x |
| Wed, 19 Apr 2023 | HK$7.6t | HK$3.8t | HK$1.6t | 4.4x | 4.8x | 2x |
| Fri, 17 Mar 2023 | HK$7.2t | HK$3.8t | HK$1.6t | 3.9x | 4.5x | 1.9x |
| Sun, 12 Feb 2023 | HK$7.0t | HK$3.8t | HK$1.6t | 4x | 4.3x | 1.8x |
| Tue, 10 Jan 2023 | HK$7.0t | HK$3.8t | HK$1.6t | 4.1x | 4.3x | 1.8x |
| Thu, 08 Dec 2022 | HK$6.6t | HK$3.7t | HK$1.6t | 4.3x | 4.2x | 1.8x |
| Sat, 05 Nov 2022 | HK$6.0t | HK$3.6t | HK$1.5t | 4x | 4x | 1.7x |
| Mon, 03 Oct 2022 | HK$6.4t | HK$3.6t | HK$1.5t | 4.4x | 4.3x | 1.8x |
| Wed, 31 Aug 2022 | HK$6.7t | HK$3.7t | HK$1.5t | 5x | 4.3x | 1.8x |
| Fri, 29 Jul 2022 | HK$7.0t | HK$3.8t | HK$1.6t | 5.1x | 4.4x | 1.8x |
| Sun, 26 Jun 2022 | HK$7.6t | HK$3.8t | HK$1.6t | 5.3x | 4.7x | 2x |
| Tue, 24 May 2022 | HK$7.5t | HK$3.8t | HK$1.6t | 5.2x | 4.7x | 2x |
| Thu, 21 Apr 2022 | HK$7.9t | HK$3.9t | HK$1.6t | 4.9x | 4.9x | 2x |
| Sat, 19 Mar 2022 | HK$7.7t | HK$3.8t | HK$1.6t | 4.8x | 4.7x | 2x |
| Mon, 14 Feb 2022 | HK$8.2t | HK$3.8t | HK$1.6t | 4.7x | 5.1x | 2.2x |
| Wed, 12 Jan 2022 | HK$7.8t | HK$3.7t | HK$1.6t | 4.8x | 4.9x | 2.1x |
| Fri, 10 Dec 2021 | HK$7.5t | HK$3.7t | HK$1.6t | 4.7x | 4.6x | 2x |
| Sun, 07 Nov 2021 | HK$7.4t | HK$3.7t | HK$1.6t | 5.4x | 4.6x | 2x |
| Tue, 05 Oct 2021 | HK$7.4t | HK$3.5t | HK$1.5t | 6x | 4.8x | 2.1x |
| Thu, 02 Sep 2021 | HK$7.5t | HK$3.5t | HK$1.5t | 6.2x | 4.9x | 2.1x |
| Sat, 31 Jul 2021 | HK$7.3t | HK$3.5t | HK$1.5t | 6.2x | 4.8x | 2.1x |
Price to Earnings Ratio
4.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Diversified Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.4x which is higher than its 3-year average PE of 4.7x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Both revenue and earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Comparison
How does Hong Kong Diversified Banks compare with similar industries?
| HK Market | -2.37% | |
| Financials | -0.12% | |
| Banks | -0.085% | |
| Diversified Banks | -0.043% | |
| Regional Banks | -1.25% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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$3.46 | 0.9% +HK$10.5b | 27.2% | PB0.4x | |
| 2388 BOC Hong Kong (Holdings) | HK$23.30 | 2.2% +HK$5.3b | 0% | PB0.8x | |
| 3328 Bank of Communications | HK$5.73 | 0.9% +HK$3.7b | 23.2% | PB0.4x | |
| 939 China Construction Bank | HK$5.48 | 0.2% +HK$2.5b | 23.7% | PB0.4x | |
| 11 Hang Seng Bank | HK$101.10 | 0.7% +HK$1.2b | -12.5% | PB1.1x |
