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Hong Kong (HSI) Banks Industry Analysis
UpdatedAug 30, 2024
DataAggregated Company Financials
Companies34
- 7D-1.7%
- 3M0.8%
- 1Y24.5%
- YTD19.1%
Over the last 7 days, the Banks industry has dropped 1.7%, driven by Industrial and Commercial Bank of China declining 4.9%. In the past year, the industry has gained 25%. Looking forward, earnings are forecast to grow by 4.5% annually.
Industry Valuation and Performance
Has the Hong Kong Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 31 Aug 2024 | HK$9.1t | HK$3.7t | HK$1.6t | 4.6x | 5.5x | 2.5x |
| Mon, 29 Jul 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 4.6x | 5.4x | 2.4x |
| Wed, 26 Jun 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 5x | 5.4x | 2.4x |
| Fri, 24 May 2024 | HK$8.9t | HK$3.6t | HK$1.6t | 5.2x | 5.5x | 2.5x |
| Sun, 21 Apr 2024 | HK$8.5t | HK$3.6t | HK$1.6t | 4.5x | 5.2x | 2.3x |
| Tue, 19 Mar 2024 | HK$8.0t | HK$3.8t | HK$1.6t | 4.4x | 4.9x | 2.1x |
| Thu, 15 Feb 2024 | HK$7.8t | HK$3.6t | HK$1.6t | 4.3x | 5x | 2.1x |
| Sat, 13 Jan 2024 | HK$7.4t | HK$3.9t | HK$1.6t | 4.2x | 4.5x | 1.9x |
| Mon, 11 Dec 2023 | HK$7.3t | HK$3.9t | HK$1.6t | 4.1x | 4.5x | 1.9x |
| Wed, 08 Nov 2023 | HK$7.3t | HK$3.8t | HK$1.6t | 4.4x | 4.5x | 1.9x |
| Fri, 06 Oct 2023 | HK$7.3t | HK$3.8t | HK$1.6t | 4.5x | 4.6x | 1.9x |
| Sun, 03 Sep 2023 | HK$7.2t | HK$3.8t | HK$1.6t | 4.7x | 4.5x | 1.9x |
| Tue, 01 Aug 2023 | HK$7.7t | HK$3.8t | HK$1.6t | 5.2x | 4.8x | 2x |
| Thu, 29 Jun 2023 | HK$7.8t | HK$3.8t | HK$1.6t | 5.2x | 4.9x | 2x |
| Sat, 27 May 2023 | HK$7.9t | HK$3.9t | HK$1.6t | 5.5x | 4.9x | 2x |
| Mon, 24 Apr 2023 | HK$7.9t | HK$4.0t | HK$1.7t | 5.6x | 4.8x | 2x |
| Wed, 22 Mar 2023 | HK$7.5t | HK$4.0t | HK$1.7t | 5.2x | 4.5x | 1.9x |
| Fri, 17 Feb 2023 | HK$7.3t | HK$4.0t | HK$1.7t | 5.6x | 4.4x | 1.8x |
| Sun, 15 Jan 2023 | HK$7.6t | HK$4.0t | HK$1.7t | 5.6x | 4.5x | 1.9x |
| Tue, 13 Dec 2022 | HK$7.1t | HK$3.9t | HK$1.6t | 4.9x | 4.3x | 1.8x |
| Thu, 10 Nov 2022 | HK$6.6t | HK$3.8t | HK$1.6t | 4.5x | 4.2x | 1.8x |
| Sat, 08 Oct 2022 | HK$6.9t | HK$3.8t | HK$1.6t | 4.9x | 4.4x | 1.8x |
| Mon, 05 Sep 2022 | HK$7.1t | HK$3.9t | HK$1.6t | 5.4x | 4.4x | 1.8x |
| Wed, 03 Aug 2022 | HK$7.2t | HK$3.9t | HK$1.6t | 5.3x | 4.4x | 1.8x |
| Fri, 01 Jul 2022 | HK$8.0t | HK$4.0t | HK$1.7t | 5.5x | 4.8x | 2x |
| Sun, 29 May 2022 | HK$8.1t | HK$4.0t | HK$1.7t | 5.6x | 4.9x | 2x |
| Tue, 26 Apr 2022 | HK$8.2t | HK$4.0t | HK$1.7t | 5.6x | 4.9x | 2x |
| Thu, 24 Mar 2022 | HK$8.2t | HK$4.0t | HK$1.7t | 5.6x | 4.8x | 2x |
| Sat, 19 Feb 2022 | HK$8.6t | HK$4.0t | HK$1.7t | 5.7x | 5.1x | 2.1x |
| Mon, 17 Jan 2022 | HK$8.3t | HK$3.9t | HK$1.7t | 6.2x | 4.9x | 2.1x |
| Wed, 15 Dec 2021 | HK$7.9t | HK$3.9t | HK$1.7t | 5.6x | 4.7x | 2x |
| Fri, 12 Nov 2021 | HK$8.0t | HK$3.9t | HK$1.7t | 5.6x | 4.8x | 2.1x |
| Sun, 10 Oct 2021 | HK$8.0t | HK$3.7t | HK$1.6t | 6x | 5x | 2.1x |
| Tue, 07 Sep 2021 | HK$8.1t | HK$3.7t | HK$1.6t | 6.4x | 5.1x | 2.2x |
Price to Earnings Ratio
5.1x
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 5.5x which is higher than its 3-year average PE of 4.8x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Both revenue and earnings for companies in the 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 Trends
Which industries have driven the changes within the Hong Kong Financials industry?
| HK Market | 0.38% | |
| Financials | -0.60% | |
| Banks | -1.66% | |
| Regional Banks | 0.067% | |
| Diversified Banks | -1.72% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 4.7x.
- Analysts are expecting annual earnings growth of 4.4%, which is higher than its past year's earnings growth of 2.6% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.3x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 7.2% over the next 5 years.
- This is better than its past earnings decline of 2.3% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2388 BOC Hong Kong (Holdings) | HK$24.60 | 4.9% +HK$12.2b | 12.8% | PB0.8x | |
| 11 Hang Seng Bank | HK$94.30 | 2.9% +HK$5.0b | -5.7% | PB1.1x | |
| 9668 China Bohai Bank | HK$1.05 | 11.7% +HK$2.0b | -13.2% | PB0.1x | |
| 2356 Dah Sing Banking Group | HK$6.78 | 9.9% +HK$857.5m | 26.3% | PB0.3x | |
| 440 Dah Sing Financial Holdings | HK$23.05 | 11.4% +HK$751.0m | 33.7% | PB0.2x |