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Hong Kong (HSI) Diversified Banks Industry Analysis
UpdatedDec 18, 2024
DataAggregated Company Financials
Companies15
- 7D-0.4%
- 3M11.4%
- 1Y33.6%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has remained flat, although notably China CITIC Bank declined by 6.8%. The past year has been better, since the industry has gained 31% in that time. Earnings are forecast to grow by 4.7% 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, 18 Dec 2024 | HK$9.3t | HK$3.4t | HK$1.6t | 4.8x | 6x | 2.7x |
| Fri, 15 Nov 2024 | HK$8.7t | HK$3.4t | HK$1.6t | 4.6x | 5.6x | 2.5x |
| Sun, 13 Oct 2024 | HK$9.1t | HK$3.5t | HK$1.6t | 4.7x | 5.8x | 2.6x |
| Tue, 10 Sep 2024 | HK$8.3t | HK$3.5t | HK$1.6t | 4.2x | 5.3x | 2.4x |
| Thu, 08 Aug 2024 | HK$8.4t | HK$3.4t | HK$1.6t | 4.3x | 5.4x | 2.4x |
| Sat, 06 Jul 2024 | HK$8.4t | HK$3.4t | HK$1.5t | 4.6x | 5.4x | 2.5x |
| Mon, 03 Jun 2024 | HK$8.3t | HK$3.4t | HK$1.6t | 4.6x | 5.4x | 2.4x |
| Wed, 01 May 2024 | HK$8.2t | HK$3.4t | HK$1.6t | 4.5x | 5.2x | 2.4x |
| Fri, 29 Mar 2024 | HK$7.6t | HK$3.6t | HK$1.6t | 4.5x | 4.9x | 2.1x |
| Sun, 25 Feb 2024 | HK$8.0t | HK$3.7t | HK$1.6t | 4.2x | 5.1x | 2.2x |
| Tue, 23 Jan 2024 | HK$7.0t | HK$3.6t | HK$1.6t | 3.8x | 4.5x | 1.9x |
| Thu, 21 Dec 2023 | HK$7.0t | HK$3.7t | HK$1.6t | 3.9x | 4.5x | 1.9x |
| Sat, 18 Nov 2023 | HK$7.0t | HK$3.7t | HK$1.6t | 3.8x | 4.5x | 1.9x |
| Mon, 16 Oct 2023 | HK$7.2t | HK$3.6t | HK$1.5t | 4x | 4.7x | 2x |
| Wed, 13 Sep 2023 | HK$6.8t | HK$3.6t | HK$1.5t | 4.3x | 4.4x | 1.9x |
| Fri, 11 Aug 2023 | HK$7.0t | HK$3.6t | HK$1.5t | 4.5x | 4.6x | 1.9x |
| Sun, 09 Jul 2023 | HK$7.0t | HK$3.6t | HK$1.5t | 4.8x | 4.6x | 1.9x |
| Tue, 06 Jun 2023 | HK$7.6t | HK$3.7t | HK$1.5t | 4.1x | 4.9x | 2.1x |
| Thu, 04 May 2023 | HK$7.5t | HK$3.8t | HK$1.6t | 4.3x | 4.7x | 2x |
| Sat, 01 Apr 2023 | HK$7.1t | HK$3.7t | HK$1.6t | 4x | 4.3x | 1.9x |
| Mon, 27 Feb 2023 | HK$6.8t | HK$3.7t | HK$1.6t | 4.1x | 4.3x | 1.8x |
| Wed, 25 Jan 2023 | HK$7.1t | HK$3.8t | HK$1.6t | 4.2x | 4.4x | 1.9x |
| Fri, 23 Dec 2022 | HK$6.6t | HK$3.7t | HK$1.6t | 4.1x | 4.2x | 1.8x |
| Sun, 20 Nov 2022 | HK$6.3t | HK$3.6t | HK$1.5t | 4.3x | 4.1x | 1.7x |
| Tue, 18 Oct 2022 | HK$6.3t | HK$3.6t | HK$1.5t | 4.3x | 4.2x | 1.8x |
| Thu, 15 Sep 2022 | HK$6.6t | HK$3.7t | HK$1.5t | 4.8x | 4.3x | 1.8x |
| Sat, 13 Aug 2022 | HK$6.9t | HK$3.8t | HK$1.6t | 4.8x | 4.3x | 1.8x |
| Mon, 11 Jul 2022 | HK$7.4t | HK$3.8t | HK$1.6t | 5.4x | 4.6x | 1.9x |
| Wed, 08 Jun 2022 | HK$7.5t | HK$3.8t | HK$1.6t | 5.3x | 4.7x | 2x |
| Fri, 06 May 2022 | HK$7.7t | HK$3.9t | HK$1.6t | 4.9x | 4.8x | 2x |
| Sun, 03 Apr 2022 | HK$8.1t | HK$3.8t | HK$1.6t | 4.9x | 4.9x | 2.1x |
| Tue, 01 Mar 2022 | HK$7.8t | HK$3.8t | HK$1.6t | 4.6x | 4.8x | 2x |
| Thu, 27 Jan 2022 | HK$7.9t | HK$3.8t | HK$1.6t | 4.7x | 4.8x | 2.1x |
| Sat, 25 Dec 2021 | HK$7.4t | HK$3.7t | HK$1.6t | 4.8x | 4.6x | 2x |
Price to Earnings Ratio
4.6x
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 5.9x 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 2.7x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 2.4% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Comparison
How does Hong Kong Diversified Banks compare with similar industries?
| HK Market | -1.89% | |
| Financials | -1.86% | |
| Banks | -0.43% | |
| Diversified Banks | -0.39% | |
| Regional Banks | -1.40% | |
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 | |
|---|---|---|---|---|---|
| 1398 Industrial and Commercial Bank of China | HK$4.85 | 0.6% +HK$10.7b | 32.2% | PB0.4x | |
| 939 China Construction Bank | HK$6.26 | 0.2% +HK$2.5b | 39.4% | PB0.5x | |
| 440 Dah Sing Financial Holdings | HK$26.80 | 3.9% +HK$319.6m | 77.2% | PB0.3x | |
| 9668 China Bohai Bank | HK$0.88 | 1.1% +HK$177.6m | -29.0% | PB0.1x | |
| 23 Bank of East Asia | HK$9.84 | 0.5% +HK$131.5m | 6.0% | PB0.2x |