OCI International Holdings Limited's (HKG:329) 59% Price Boost Is Out Of Tune With Revenues
Mar 28
Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies94
- 7D4.1%
- 3M-5.9%
- 1Y-29.2%
- YTD-14.0%
Over the last 7 days, the Capital Markets industry has dropped 2.6%, driven by a pullback from Hong Kong Exchanges and Clearing of 2.0%. The industry has fallen 33% in the last year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Hong Kong Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | HK$816.9b | HK$168.3b | HK$33.3b | 10.7x | 24.5x | 4.9x |
| Fri, 22 Mar 2024 | HK$876.9b | HK$160.1b | HK$35.0b | 9.8x | 25x | 5.5x |
| Sun, 18 Feb 2024 | HK$876.9b | HK$160.6b | HK$35.2b | 9.8x | 24.9x | 5.5x |
| Tue, 16 Jan 2024 | HK$870.2b | HK$163.3b | HK$34.5b | 9.9x | 25.2x | 5.3x |
| Thu, 14 Dec 2023 | HK$934.5b | HK$163.2b | HK$34.5b | 10.9x | 27.1x | 5.7x |
| Sat, 11 Nov 2023 | HK$986.8b | HK$174.1b | HK$33.2b | 10.5x | 29.7x | 5.7x |
| Mon, 09 Oct 2023 | HK$959.1b | HK$175.8b | HK$34.5b | 10.9x | 27.8x | 5.5x |
| Wed, 06 Sep 2023 | HK$1.0t | HK$170.6b | HK$34.3b | 11.1x | 29.4x | 5.9x |
| Fri, 04 Aug 2023 | HK$1.1t | HK$183.5b | HK$33.3b | 12.8x | 32.2x | 5.9x |
| Sun, 02 Jul 2023 | HK$966.8b | HK$182.3b | HK$33.1b | 11.9x | 29.2x | 5.3x |
| Tue, 30 May 2023 | HK$1.0t | HK$199.8b | HK$36.9b | 13.8x | 27.1x | 5x |
| Thu, 27 Apr 2023 | HK$1.0t | HK$199.9b | HK$36.2b | 12.8x | 28.9x | 5.2x |
| Sat, 25 Mar 2023 | HK$1.1t | HK$218.4b | HK$47.1b | 12.6x | 23x | 5x |
| Mon, 20 Feb 2023 | HK$1.1t | HK$218.9b | HK$45.7b | 12.2x | 23.4x | 4.9x |
| Wed, 18 Jan 2023 | HK$1.1t | HK$221.0b | HK$46.3b | 14x | 24.7x | 5.2x |
| Fri, 16 Dec 2022 | HK$1.1t | HK$214.9b | HK$44.4b | 14.5x | 23.7x | 4.9x |
| Sun, 13 Nov 2022 | HK$959.8b | HK$212.1b | HK$41.5b | 11.8x | 23.1x | 4.5x |
| Tue, 11 Oct 2022 | HK$889.1b | HK$217.4b | HK$40.4b | 9.8x | 22x | 4.1x |
| Thu, 08 Sep 2022 | HK$1.0t | HK$211.5b | HK$41.8b | 10.5x | 25x | 4.9x |
| Sat, 06 Aug 2022 | HK$1.1t | HK$238.4b | HK$57.3b | 10.2x | 19.2x | 4.6x |
| Mon, 04 Jul 2022 | HK$1.2t | HK$239.7b | HK$57.6b | 11.4x | 20.8x | 5x |
| Wed, 01 Jun 2022 | HK$1.1t | HK$240.9b | HK$60.2b | 8.1x | 17.7x | 4.4x |
| Fri, 29 Apr 2022 | HK$1.0t | HK$245.8b | HK$63.4b | 8.3x | 16.1x | 4.1x |
| Sun, 27 Mar 2022 | HK$1.2t | HK$294.0b | HK$67.6b | 6.9x | 17.9x | 4.1x |
| Tue, 22 Feb 2022 | HK$1.3t | HK$266.8b | HK$67.7b | 6.8x | 19.7x | 5x |
| Thu, 20 Jan 2022 | HK$1.4t | HK$265.5b | HK$67.4b | 7x | 20.6x | 5.2x |
| Sat, 18 Dec 2021 | HK$1.4t | HK$265.4b | HK$67.5b | 8.2x | 20.8x | 5.3x |
| Mon, 15 Nov 2021 | HK$1.4t | HK$264.8b | HK$72.2b | 8.4x | 19.5x | 5.3x |
| Wed, 13 Oct 2021 | HK$1.4t | HK$254.3b | HK$66.3b | 8.5x | 21x | 5.5x |
| Fri, 10 Sep 2021 | HK$1.5t | HK$244.7b | HK$66.3b | 10x | 23x | 6.2x |
| Sun, 08 Aug 2021 | HK$1.4t | HK$243.0b | HK$70.7b | 10.3x | 20.4x | 5.9x |
| Sat, 01 May 2021 | HK$1.4t | HK$230.3b | HK$66.4b | 10.1x | 21.1x | 6.1x |
Price to Earnings Ratio
21.1x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Capital Markets 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 23.4x.
- The industry is trading close to its 3-year average PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 21% per year over the last three years,
- Revenues have also declined 9.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials industry?
| HK Market | 2.33% | |
| Financials | 4.08% | |
| Capital Markets | 4.07% | |
| Financial Exchanges and Data | 6.07% | |
| Asset Management | 4.45% | |
| Investment Banking and Brokerage | 2.75% | |
| Diversified Capital Markets | 2.68% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 49.1x.
- Analysts are expecting annual earnings growth of 8.8%, which is higher than its past year's earnings decline of 20.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 43% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 8.8% 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 | |
|---|---|---|---|---|---|
| 388 Hong Kong Exchanges and Clearing | HK$230.80 | 6.1% +HK$16.7b | -29.0% | PE24.6x | |
| 3908 China International Capital | HK$8.64 | 5.4% +HK$2.1b | -46.5% | PE7x | |
| 1359 China Cinda Asset Management | HK$0.67 | 6.3% +HK$1.5b | -26.4% | PE5.5x | |
| 6066 CSC Financial | HK$5.66 | 3.1% +HK$1.3b | -26.9% | PE6.7x | |
| 2799 China CITIC Financial Asset Management | HK$0.31 | 5.1% +HK$1.2b | -23.5% | PE13x |