Hong Kong (HSI) Regional Banks Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies20
- 7D-0.6%
- 3M-15.4%
- 1Y-23.9%
- YTD-25.3%
Over the last 7 days, the Regional Banks industry has remained flat, although notably Guangzhou Rural Commercial Bank gained 9.1%. Unfortunately though, the industry is down 23% over the past 12 months. Earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Hong Kong Regional Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 Dec 2023 | HK$343.4b | HK$189.5b | HK$67.2b | 6.8x | 5.1x | 1.8x |
| Mon, 06 Nov 2023 | HK$357.3b | HK$185.6b | HK$65.8b | 7.2x | 5.4x | 1.9x |
| Wed, 04 Oct 2023 | HK$389.6b | HK$183.2b | HK$63.2b | 7.4x | 6.2x | 2.1x |
| Fri, 01 Sep 2023 | HK$403.6b | HK$191.3b | HK$63.5b | 7.3x | 6.4x | 2.1x |
| Sun, 30 Jul 2023 | HK$411.7b | HK$194.5b | HK$66.3b | 7x | 6.2x | 2.1x |
| Tue, 27 Jun 2023 | HK$416.3b | HK$193.4b | HK$65.9b | 7.4x | 6.3x | 2.2x |
| Thu, 25 May 2023 | HK$429.0b | HK$198.0b | HK$67.5b | 7.2x | 6.4x | 2.2x |
| Sat, 22 Apr 2023 | HK$430.9b | HK$202.0b | HK$68.1b | 6.8x | 6.3x | 2.1x |
| Mon, 20 Mar 2023 | HK$430.7b | HK$183.7b | HK$67.4b | 6.5x | 6.4x | 2.3x |
| Wed, 15 Feb 2023 | HK$434.2b | HK$185.6b | HK$68.1b | 6.7x | 6.4x | 2.3x |
| Fri, 13 Jan 2023 | HK$438.6b | HK$186.6b | HK$68.5b | 6.4x | 6.4x | 2.4x |
| Sun, 11 Dec 2022 | HK$441.7b | HK$180.5b | HK$66.3b | 6.5x | 6.7x | 2.4x |
| Tue, 08 Nov 2022 | HK$421.3b | HK$176.2b | HK$65.0b | 6.5x | 6.5x | 2.4x |
| Thu, 06 Oct 2022 | HK$431.6b | HK$174.2b | HK$65.5b | 6.8x | 6.6x | 2.5x |
| Sat, 03 Sep 2022 | HK$447.8b | HK$179.1b | HK$67.6b | 6.8x | 6.6x | 2.5x |
| Mon, 01 Aug 2022 | HK$455.6b | HK$183.2b | HK$68.9b | 7.5x | 6.6x | 2.5x |
| Wed, 29 Jun 2022 | HK$476.2b | HK$184.6b | HK$69.5b | 7.7x | 6.9x | 2.6x |
| Fri, 27 May 2022 | HK$460.3b | HK$184.9b | HK$69.4b | 6.9x | 6.6x | 2.5x |
| Sun, 24 Apr 2022 | HK$483.0b | HK$187.5b | HK$69.8b | 7.5x | 6.9x | 2.6x |
| Tue, 22 Mar 2022 | HK$485.7b | HK$195.7b | HK$71.1b | 5.7x | 6.8x | 2.5x |
| Thu, 17 Feb 2022 | HK$507.0b | HK$195.9b | HK$71.1b | 6x | 7.1x | 2.6x |
| Sat, 15 Jan 2022 | HK$512.0b | HK$190.0b | HK$70.0b | 6.4x | 7.3x | 2.7x |
| Mon, 13 Dec 2021 | HK$508.9b | HK$189.8b | HK$69.5b | 5.7x | 7.3x | 2.7x |
| Wed, 10 Nov 2021 | HK$511.0b | HK$188.6b | HK$69.1b | 5.8x | 7.4x | 2.7x |
| Fri, 08 Oct 2021 | HK$520.3b | HK$184.5b | HK$67.4b | 6.2x | 7.7x | 2.8x |
| Sun, 05 Sep 2021 | HK$474.7b | HK$172.1b | HK$60.9b | 7.2x | 7.8x | 2.8x |
| Tue, 03 Aug 2021 | HK$471.5b | HK$172.1b | HK$60.9b | 7.4x | 7.7x | 2.7x |
| Fri, 07 May 2021 | HK$495.1b | HK$168.1b | HK$59.7b | 8.6x | 8.3x | 2.9x |
| Mon, 08 Feb 2021 | HK$472.5b | HK$167.5b | HK$60.1b | 8.4x | 7.9x | 2.8x |
Price to Earnings Ratio
8.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Regional Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.1x which is lower than its 3-year average PE of 7.0x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have grown 3.7% per year over the last three years.
- Revenues for these companies have grown 4.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Regional Banks compare with similar industries?
| HK Market | -3.37% | |
| Financials | -2.91% | |
| Banks | -1.79% | |
| Regional Banks | -0.59% | |
| Diversified Banks | -1.85% | |
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 | |
|---|---|---|---|---|---|
| 9889 Dongguan Rural Commercial Bank | HK$7.18 | 3.5% +HK$1.7b | -0.1% | PB0.9x | |
| 1578 Bank of Tianjin | HK$1.79 | 8.5% +HK$849.9m | -11.4% | PB0.2x | |
| 3618 Chongqing Rural Commercial Bank | HK$2.98 | 2.4% +HK$795.0m | 12.9% | PB0.3x | |
| 6199 Bank of Guizhou | HK$1.44 | 2.1% +HK$437.6m | -40.0% | PB0.4x | |
| 2558 Jinshang Bank | HK$1.25 | 4.2% +HK$291.9m | 17.9% | PB0.3x |