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Hong Kong (HSI) Banks Industry Analysis
UpdatedSep 15, 2024
DataAggregated Company Financials
Companies34
- 7D-0.07%
- 3M-2.9%
- 1Y14.8%
- YTD13.5%
In the last week, Banks has been flat. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 5.1% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 16 Sep 2024 | HK$8.5t | HK$3.7t | HK$1.6t | 4.4x | 5.2x | 2.3x |
| Wed, 14 Aug 2024 | HK$8.8t | HK$3.6t | HK$1.6t | 4.7x | 5.4x | 2.4x |
| Fri, 12 Jul 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 4.8x | 5.4x | 2.4x |
| Sun, 09 Jun 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 4.8x | 5.4x | 2.4x |
| Tue, 07 May 2024 | HK$8.5t | HK$3.6t | HK$1.6t | 4.6x | 5.2x | 2.3x |
| Thu, 04 Apr 2024 | HK$8.2t | HK$3.7t | HK$1.6t | 4.4x | 5x | 2.2x |
| Sat, 02 Mar 2024 | HK$8.1t | HK$3.8t | HK$1.6t | 4.3x | 5x | 2.1x |
| Mon, 29 Jan 2024 | HK$7.7t | HK$3.7t | HK$1.6t | 4.2x | 4.9x | 2.1x |
| Wed, 27 Dec 2023 | HK$7.4t | HK$3.9t | HK$1.6t | 4.1x | 4.5x | 1.9x |
| Fri, 24 Nov 2023 | HK$7.5t | HK$3.9t | HK$1.6t | 4.5x | 4.6x | 1.9x |
| Sun, 22 Oct 2023 | HK$7.4t | HK$3.8t | HK$1.6t | 4.4x | 4.6x | 1.9x |
| Tue, 19 Sep 2023 | HK$7.3t | HK$3.8t | HK$1.6t | 4.5x | 4.5x | 1.9x |
| Thu, 17 Aug 2023 | HK$7.2t | HK$3.8t | HK$1.6t | 4.7x | 4.5x | 1.9x |
| Sat, 15 Jul 2023 | HK$7.6t | HK$3.9t | HK$1.6t | 5.2x | 4.7x | 2x |
| Mon, 12 Jun 2023 | HK$8.2t | HK$3.9t | HK$1.6t | 5.6x | 5.1x | 2.1x |
| Wed, 10 May 2023 | HK$8.8t | HK$4.0t | HK$1.7t | 5.9x | 5.3x | 2.2x |
| Fri, 07 Apr 2023 | HK$7.6t | HK$4.0t | HK$1.7t | 5.5x | 4.5x | 1.9x |
| Sun, 05 Mar 2023 | HK$7.5t | HK$3.9t | HK$1.7t | 5.6x | 4.5x | 1.9x |
| Tue, 31 Jan 2023 | HK$7.5t | HK$4.0t | HK$1.7t | 5.6x | 4.5x | 1.9x |
| Thu, 29 Dec 2022 | HK$7.2t | HK$3.9t | HK$1.6t | 5.1x | 4.4x | 1.9x |
| Sat, 26 Nov 2022 | HK$7.0t | HK$3.8t | HK$1.6t | 4.9x | 4.4x | 1.8x |
| Mon, 24 Oct 2022 | HK$6.7t | HK$3.7t | HK$1.5t | 4.6x | 4.4x | 1.8x |
| Wed, 21 Sep 2022 | HK$7.0t | HK$3.9t | HK$1.6t | 5.2x | 4.4x | 1.8x |
| Fri, 19 Aug 2022 | HK$7.2t | HK$3.9t | HK$1.6t | 5.2x | 4.4x | 1.8x |
| Sun, 17 Jul 2022 | HK$7.2t | HK$4.0t | HK$1.6t | 5.7x | 4.4x | 1.8x |
| Tue, 14 Jun 2022 | HK$7.9t | HK$4.0t | HK$1.7t | 5.5x | 4.8x | 2x |
| Thu, 12 May 2022 | HK$7.9t | HK$4.0t | HK$1.7t | 5.5x | 4.8x | 2x |
| Sat, 09 Apr 2022 | HK$8.6t | HK$4.1t | HK$1.7t | 5.9x | 5x | 2.1x |
| Mon, 07 Mar 2022 | HK$8.3t | HK$4.0t | HK$1.7t | 5.2x | 4.9x | 2.1x |
| Wed, 02 Feb 2022 | HK$8.3t | HK$4.0t | HK$1.7t | 6.2x | 4.9x | 2.1x |
| Fri, 31 Dec 2021 | HK$8.0t | HK$3.9t | HK$1.7t | 5.6x | 4.7x | 2.1x |
| Sun, 28 Nov 2021 | HK$7.8t | HK$3.9t | HK$1.7t | 5.5x | 4.7x | 2x |
| Tue, 26 Oct 2021 | HK$8.0t | HK$3.7t | HK$1.6t | 5.6x | 5x | 2.1x |
| Thu, 23 Sep 2021 | HK$7.8t | HK$3.7t | HK$1.6t | 5.6x | 4.9x | 2.1x |
Price to Earnings Ratio
4.9x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 4.8x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
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 | -2.15% | |
| Financials | -0.38% | |
| Banks | -0.069% | |
| Diversified Banks | 0.078% | |
| Regional Banks | -3.98% | |
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 expect its future annual earnings growth (5.0%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.2x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 7.7% over the next 5 years.
- This is better than its past earnings growth rate of 1.2% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.0% 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 | |
|---|---|---|---|---|---|
| 1398 Industrial and Commercial Bank of China | HK$4.26 | 2.4% +HK$35.6b | 13.6% | PB0.4x | |
| 939 China Construction Bank | HK$5.45 | 2.1% +HK$27.5b | 25.0% | PB0.4x | |
| 3988 Bank of China | HK$3.40 | 1.8% +HK$17.7b | 25.0% | PB0.4x | |
| 1658 Postal Savings Bank of China | HK$4.13 | 2.5% +HK$9.9b | 5.4% | PB0.4x | |
| 3328 Bank of Communications | HK$5.29 | 1.1% +HK$4.5b | 15.0% | PB0.3x |