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Hong Kong (HSI) Regional Banks Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies19
- 7D1.9%
- 3M1.7%
- 1Y0.3%
- YTDn/a
In the last week, the Regional Banks industry is up 1.9%, with Chongqing Rural Commercial Bank up 7.8%. In the same time, Shengjing Bank was down 13%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 7.0% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Dec 2024 | HK$325.7b | HK$167.4b | HK$60.7b | 4.8x | 5.4x | 1.9x |
| Wed, 27 Nov 2024 | HK$316.6b | HK$169.3b | HK$61.4b | 4.8x | 5.2x | 1.9x |
| Fri, 25 Oct 2024 | HK$333.2b | HK$174.5b | HK$64.2b | 5.3x | 5.2x | 1.9x |
| Sun, 22 Sep 2024 | HK$302.3b | HK$176.5b | HK$64.9b | 5.5x | 4.7x | 1.7x |
| Tue, 20 Aug 2024 | HK$313.1b | HK$173.7b | HK$62.8b | 5.2x | 5x | 1.8x |
| Thu, 18 Jul 2024 | HK$315.5b | HK$171.2b | HK$62.0b | 5.7x | 5.1x | 1.8x |
| Sat, 15 Jun 2024 | HK$325.3b | HK$171.3b | HK$62.0b | 5.9x | 5.2x | 1.9x |
| Mon, 13 May 2024 | HK$335.9b | HK$172.4b | HK$63.0b | 5.8x | 5.3x | 1.9x |
| Wed, 10 Apr 2024 | HK$331.6b | HK$174.2b | HK$63.4b | 6.2x | 5.2x | 1.9x |
| Fri, 08 Mar 2024 | HK$327.4b | HK$183.9b | HK$65.9b | 5.8x | 5x | 1.8x |
| Sun, 04 Feb 2024 | HK$343.3b | HK$188.1b | HK$66.5b | 6.6x | 5.2x | 1.8x |
| Tue, 02 Jan 2024 | HK$346.4b | HK$190.7b | HK$67.6b | 6.7x | 5.1x | 1.8x |
| Thu, 30 Nov 2023 | HK$346.0b | HK$189.6b | HK$67.2b | 7x | 5.1x | 1.8x |
| Sat, 28 Oct 2023 | HK$361.4b | HK$185.5b | HK$65.5b | 7.2x | 5.5x | 1.9x |
| Mon, 25 Sep 2023 | HK$397.7b | HK$183.0b | HK$63.1b | 7.4x | 6.3x | 2.2x |
| Wed, 23 Aug 2023 | HK$405.6b | HK$191.8b | HK$65.6b | 6.9x | 6.2x | 2.1x |
| Fri, 21 Jul 2023 | HK$406.1b | HK$194.5b | HK$66.3b | 6.9x | 6.1x | 2.1x |
| Sun, 18 Jun 2023 | HK$421.8b | HK$196.1b | HK$66.8b | 6.9x | 6.3x | 2.2x |
| Tue, 16 May 2023 | HK$443.7b | HK$201.0b | HK$68.5b | 7.1x | 6.5x | 2.2x |
| Thu, 13 Apr 2023 | HK$429.7b | HK$201.9b | HK$68.1b | 6.9x | 6.3x | 2.1x |
| Sat, 11 Mar 2023 | HK$427.4b | HK$182.1b | HK$66.8b | 6.6x | 6.4x | 2.3x |
| Mon, 06 Feb 2023 | HK$438.8b | HK$186.7b | HK$68.5b | 6.7x | 6.4x | 2.4x |
| Wed, 04 Jan 2023 | HK$444.8b | HK$182.3b | HK$66.9b | 7.3x | 6.6x | 2.4x |
| Fri, 02 Dec 2022 | HK$441.5b | HK$178.1b | HK$65.4b | 6.2x | 6.8x | 2.5x |
| Sun, 30 Oct 2022 | HK$421.7b | HK$170.9b | HK$64.2b | 6.9x | 6.6x | 2.5x |
| Tue, 27 Sep 2022 | HK$431.7b | HK$173.9b | HK$65.4b | 6.8x | 6.6x | 2.5x |
| Thu, 25 Aug 2022 | HK$447.1b | HK$180.9b | HK$67.7b | 7x | 6.6x | 2.5x |
| Sat, 23 Jul 2022 | HK$459.8b | HK$182.6b | HK$68.7b | 7.7x | 6.7x | 2.5x |
| Mon, 20 Jun 2022 | HK$474.3b | HK$183.2b | HK$68.7b | 7.5x | 6.9x | 2.6x |
| Wed, 18 May 2022 | HK$462.2b | HK$181.8b | HK$68.2b | 7.1x | 6.8x | 2.5x |
| Fri, 15 Apr 2022 | HK$493.9b | HK$191.2b | HK$71.2b | 7.6x | 6.9x | 2.6x |
| Sun, 13 Mar 2022 | HK$485.7b | HK$196.5b | HK$71.4b | 5.7x | 6.8x | 2.5x |
| Tue, 08 Feb 2022 | HK$504.0b | HK$194.9b | HK$70.8b | 6.1x | 7.1x | 2.6x |
| Thu, 06 Jan 2022 | HK$514.9b | HK$189.5b | HK$69.5b | 6.3x | 7.4x | 2.7x |
Price to Earnings Ratio
7.4x
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 5.4x which is lower than its 3-year average PE of 6.0x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have declined 4.5% per year over the last three years,
- Revenues have also declined 4.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Regional Banks compare with similar industries?
| HK Market | 2.11% | |
| Financials | 3.84% | |
| Banks | 4.67% | |
| Regional Banks | 1.90% | |
| Diversified Banks | 4.76% | |
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 | |
|---|---|---|---|---|---|
| 3618 Chongqing Rural Commercial Bank | HK$4.61 | 5.0% +HK$2.5b | 52.1% | PB0.4x | |
| 3866 Bank of Qingdao | HK$2.90 | 5.1% +HK$814.8m | 51.0% | PB0.4x | |
| 2066 Shengjing Bank | HK$1.20 | 8.1% +HK$791.7m | 53.8% | PB0.1x | |
| 3698 Huishang Bank | HK$2.45 | 2.1% +HK$694.5m | 3.4% | PB0.2x | |
| 2558 Jinshang Bank | HK$1.45 | 6.6% +HK$525.5m | 1.4% | PB0.3x |