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Hong Kong (HSI) Banks Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies31
  • 7D-4.4%
  • 3M-0.2%
  • 1Y0.4%
  • YTD2.1%

Over the last 7 days, the Banks industry has dropped 4.4%, driven by a pullback from Agricultural Bank of China of 6.3%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 5.7% per annum.

Industry Valuation and Performance

Has the Hong Kong Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026HK$11.8tHK$3.8tHK$1.7t5.6x6.8x3.1x
Wed, 27 May 2026HK$12.2tHK$3.8tHK$1.7t5.8x7x3.2x
Fri, 24 Apr 2026HK$12.5tHK$3.7tHK$1.7t6x7.4x3.4x
Sun, 22 Mar 2026HK$11.9tHK$3.7tHK$1.7t5.6x7.1x3.2x
Tue, 17 Feb 2026HK$11.5tHK$3.7tHK$1.7t5.7x7x3.1x
Thu, 15 Jan 2026HK$12.2tHK$3.7tHK$1.7t5.8x7.4x3.3x
Sat, 13 Dec 2025HK$12.3tHK$3.6tHK$1.6t5.8x7.5x3.4x
Mon, 10 Nov 2025HK$12.6tHK$3.6tHK$1.6t6x7.8x3.5x
Wed, 08 Oct 2025HK$11.7tHK$3.7tHK$1.7t5.5x7x3.1x
Fri, 05 Sep 2025HK$12.5tHK$3.7tHK$1.7t6.1x7.4x3.3x
Sun, 03 Aug 2025HK$12.0tHK$3.7tHK$1.7t5.7x7.3x3.3x
Tue, 01 Jul 2025HK$12.0tHK$3.7tHK$1.7t6x7.2x3.2x
Thu, 29 May 2025HK$10.7tHK$3.7tHK$1.7t5.6x6.5x2.9x
Sat, 26 Apr 2025HK$10.5tHK$3.6tHK$1.6t5.5x6.4x2.9x
Mon, 24 Mar 2025HK$10.2tHK$3.7tHK$1.6t5.6x6.3x2.8x
Wed, 19 Feb 2025HK$10.3tHK$3.7tHK$1.6t5.4x6.3x2.8x
Fri, 17 Jan 2025HK$9.7tHK$3.6tHK$1.6t5x6x2.6x
Sun, 15 Dec 2024HK$9.5tHK$3.6tHK$1.6t4.8x5.9x2.6x
Tue, 12 Nov 2024HK$9.2tHK$3.6tHK$1.6t4.8x5.6x2.5x
Thu, 10 Oct 2024HK$9.2tHK$3.7tHK$1.6t4.6x5.6x2.5x
Sat, 07 Sep 2024HK$8.6tHK$3.7tHK$1.6t4.5x5.2x2.3x
Mon, 05 Aug 2024HK$8.8tHK$3.6tHK$1.6t4.5x5.4x2.4x
Wed, 03 Jul 2024HK$9.0tHK$3.6tHK$1.6t5x5.6x2.5x
Fri, 31 May 2024HK$8.7tHK$3.6tHK$1.6t5.1x5.4x2.4x
Sun, 28 Apr 2024HK$8.4tHK$3.6tHK$1.6t4.5x5.2x2.3x
Tue, 26 Mar 2024HK$8.0tHK$3.8tHK$1.6t4.4x4.9x2.1x
Thu, 22 Feb 2024HK$8.2tHK$3.9tHK$1.6t4.2x5x2.1x
Sat, 20 Jan 2024HK$7.3tHK$3.8tHK$1.6t4x4.4x1.9x
Mon, 18 Dec 2023HK$7.4tHK$3.9tHK$1.6t4.1x4.5x1.9x
Wed, 15 Nov 2023HK$7.3tHK$3.8tHK$1.6t4.3x4.5x1.9x
Fri, 13 Oct 2023HK$7.5tHK$3.8tHK$1.6t4.6x4.7x2x
Sun, 10 Sep 2023HK$7.2tHK$3.8tHK$1.6t4.6x4.5x1.9x
Tue, 08 Aug 2023HK$7.4tHK$3.8tHK$1.6t5x4.7x1.9x
Thu, 06 Jul 2023HK$7.7tHK$3.8tHK$1.6t5.2x4.9x2x
Price to Earnings Ratio

4.9x


Total Market Cap: HK$7.7tTotal Earnings: HK$1.6tTotal Revenue: HK$3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Banks Industry Price to Earnings3Y Average 6x202420252026
Current Industry PE
  • Investors are optimistic on the Hong Kong Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 6.8x which is higher than its 3-year average PE of 6.0x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 2.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Hong Kong Financials industry?

HK Market-4.72%
Financials-4.29%
Banks-4.38%
Diversified Banks-4.37%
Regional Banks-4.76%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 6.0x.
    • Analysts are expecting annual earnings growth of 5.6%, which is higher than its past year's earnings growth of 4.3% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 5.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.8% over the next 5 years.
  • This is better than its past earnings growth rate of 5.9% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
9668 China Bohai BankHK$0.711.4%
+HK$177.6m		-20.2%PB0.09x
6190 Bank of JiujiangHK$2.302.2%
+HK$142.4m		-40.3%PB0.1x
626 Public Financial HoldingsHK$1.402.9%
+HK$43.9m		6.1%PB0.2x

Latest News

939
HK$8.24
China Construction Bank
7D
-4.1%
1Y
4.0%
1398
HK$6.62
Industrial and Commercial Bank of China
7D
-3.8%
1Y
6.4%
Narrative Update • Jun 28

1398: Risk Controls And Governance Changes Will Support Future Confidence

Analysts have slightly raised their HK$ price target for Industrial and Commercial Bank of China, reflecting updated fair value assumptions of around HK$9.22, modestly adjusted discount rate expectations, and revised views on revenue growth, profit margin, and future P/E levels. What's in the News for Industrial and Commercial Bank of China Industrial and Commercial Bank of China will stop offering intermediary services for retail trading of precious metals on the Shanghai Gold Exchange after 24 July, citing risk management considerations, according to recent press coverage.
2388
HK$43.60
BOC Hong Kong (Holdings)
7D
-8.4%
1Y
27.9%
Narrative Update • Jun 27

2388: Dividend Timetable And Higher P E Assumptions Will Guide Steady Outlook

The analyst price target for BOC Hong Kong (Holdings) has been raised from about HK$45.18 to around HK$48.32. Analysts point to updated assumptions on revenue growth, profit margin and future P/E to support the change.
1658
HK$4.76
Postal Savings Bank of China
7D
-5.4%
1Y
-13.1%
1288
HK$5.35
Agricultural Bank of China
7D
-6.0%
1Y
-4.5%
3988
HK$5.09
Bank of China
7D
-3.4%
1Y
11.6%
3328
HK$6.91
Bank of Communications
7D
-4.7%
1Y
-5.3%
3698
HK$4.53
Huishang Bank
7D
-7.4%
1Y
17.4%
6190
HK$2.30
Bank of Jiujiang
7D
2.2%
1Y
-40.3%
9668
HK$0.71
China Bohai Bank
7D
1.4%
1Y
-20.2%
626
HK$1.40
Public Financial Holdings
7D
2.9%
1Y
6.1%