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Hong Kong (HSI) Regional Banks Industry Analysis
UpdatedSep 06, 2024
DataAggregated Company Financials
Companies19
- 7D0.3%
- 3M-6.0%
- 1Y-19.3%
- YTDn/a
Over the last 7 days, the Regional Banks industry has dropped 1.2%, driven by Chongqing Rural Commercial Bank declining 2.3%. On the other hand Guangzhou Rural Commercial Bank is actually up 12%. Overall the industry is down 21% in 12 months. Looking forward, earnings are forecast to grow by 7.7% 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 |
|---|---|---|---|---|---|---|
| Fri, 06 Sep 2024 | HK$309.8b | HK$175.3b | HK$64.5b | 5.8x | 4.8x | 1.8x |
| Sun, 04 Aug 2024 | HK$313.3b | HK$173.3b | HK$62.7b | 5.4x | 5x | 1.8x |
| Tue, 02 Jul 2024 | HK$319.8b | HK$171.0b | HK$61.9b | 5.9x | 5.2x | 1.9x |
| Thu, 30 May 2024 | HK$344.0b | HK$171.4b | HK$62.1b | 6x | 5.5x | 2x |
| Sat, 27 Apr 2024 | HK$327.0b | HK$173.8b | HK$63.3b | 6x | 5.2x | 1.9x |
| Mon, 25 Mar 2024 | HK$330.3b | HK$183.7b | HK$65.6b | 5.8x | 5x | 1.8x |
| Wed, 21 Feb 2024 | HK$327.1b | HK$183.9b | HK$65.9b | 5.7x | 5x | 1.8x |
| Fri, 19 Jan 2024 | HK$347.9b | HK$188.1b | HK$66.5b | 6.7x | 5.2x | 1.8x |
| Sun, 17 Dec 2023 | HK$344.6b | HK$189.9b | HK$67.3b | 6.8x | 5.1x | 1.8x |
| Tue, 14 Nov 2023 | HK$350.3b | HK$185.6b | HK$65.8b | 7.2x | 5.3x | 1.9x |
| Thu, 12 Oct 2023 | HK$390.0b | HK$182.9b | HK$63.1b | 7.3x | 6.2x | 2.1x |
| Sat, 09 Sep 2023 | HK$402.5b | HK$182.4b | HK$62.9b | 7.3x | 6.4x | 2.2x |
| Mon, 07 Aug 2023 | HK$411.7b | HK$194.4b | HK$66.3b | 6.7x | 6.2x | 2.1x |
| Wed, 05 Jul 2023 | HK$403.8b | HK$193.6b | HK$66.0b | 6.6x | 6.1x | 2.1x |
| Fri, 02 Jun 2023 | HK$426.8b | HK$196.4b | HK$66.9b | 7.1x | 6.4x | 2.2x |
| Sun, 30 Apr 2023 | HK$431.8b | HK$202.3b | HK$69.3b | 7x | 6.2x | 2.1x |
| Tue, 28 Mar 2023 | HK$426.1b | HK$184.8b | HK$68.2b | 6.2x | 6.2x | 2.3x |
| Thu, 23 Feb 2023 | HK$433.1b | HK$183.4b | HK$67.3b | 6.8x | 6.4x | 2.4x |
| Sat, 21 Jan 2023 | HK$439.9b | HK$186.1b | HK$68.2b | 6.8x | 6.4x | 2.4x |
| Mon, 19 Dec 2022 | HK$440.5b | HK$180.0b | HK$66.1b | 6.4x | 6.7x | 2.4x |
| Wed, 16 Nov 2022 | HK$424.9b | HK$178.7b | HK$65.6b | 6.2x | 6.5x | 2.4x |
| Fri, 14 Oct 2022 | HK$428.2b | HK$172.8b | HK$64.9b | 6.8x | 6.6x | 2.5x |
| Sun, 11 Sep 2022 | HK$444.3b | HK$178.9b | HK$67.7b | 6.6x | 6.6x | 2.5x |
| Tue, 09 Aug 2022 | HK$448.0b | HK$182.7b | HK$68.8b | 7x | 6.5x | 2.5x |
| Thu, 07 Jul 2022 | HK$469.7b | HK$183.9b | HK$69.2b | 8.1x | 6.8x | 2.6x |
| Sat, 04 Jun 2022 | HK$472.5b | HK$184.6b | HK$69.3b | 7.5x | 6.8x | 2.6x |
| Mon, 02 May 2022 | HK$473.8b | HK$185.0b | HK$69.2b | 7.6x | 6.9x | 2.6x |
| Wed, 30 Mar 2022 | HK$493.0b | HK$196.1b | HK$71.5b | 5.8x | 6.9x | 2.5x |
| Fri, 25 Feb 2022 | HK$497.6b | HK$196.7b | HK$71.4b | 5.8x | 7x | 2.5x |
| Sun, 23 Jan 2022 | HK$513.0b | HK$190.5b | HK$70.2b | 6.3x | 7.3x | 2.7x |
| Tue, 21 Dec 2021 | HK$506.2b | HK$189.7b | HK$69.5b | 5.9x | 7.3x | 2.7x |
| Thu, 18 Nov 2021 | HK$513.2b | HK$188.9b | HK$69.2b | 5.7x | 7.4x | 2.7x |
| Sat, 16 Oct 2021 | HK$516.8b | HK$184.4b | HK$67.4b | 5.7x | 7.7x | 2.8x |
| Mon, 13 Sep 2021 | HK$476.0b | HK$172.1b | HK$60.9b | 7.3x | 7.8x | 2.8x |
Price to Earnings Ratio
7.8x
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 4.8x which is lower than its 3-year average PE of 6.3x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Both revenue and earnings for companies in the Regional 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 Regional Banks compare with similar industries?
| HK Market | -3.01% | |
| Financials | -3.28% | |
| Banks | -4.66% | |
| Regional Banks | 0.31% | |
| Diversified Banks | -4.83% | |
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 | |
|---|---|---|---|---|---|
| 1551 Guangzhou Rural Commercial Bank | HK$1.70 | 11.8% +HK$2.6b | -21.3% | PB0.3x | |
| 9889 Dongguan Rural Commercial Bank | HK$4.98 | 2.7% +HK$895.5m | -29.8% | PB0.5x | |
| 2558 Jinshang Bank | HK$1.46 | 8.1% +HK$642.3m | 13.2% | PB0.3x | |
| 3698 Huishang Bank | HK$2.23 | 0.5% +HK$138.9m | -5.5% | PB0.2x | |
| 3866 Bank of Qingdao | HK$2.35 | 0.4% +HK$58.2m | 7.8% | PB0.3x |