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Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies96
- 7D-3.0%
- 3M58.6%
- 1Y20.4%
- YTD33.0%
Over the last 7 days, the Capital Markets industry has dropped 3.4%, driven by Hong Kong Exchanges and Clearing declining 2.5%. In contrast, Hengtai Securities has gained 24%. Over the past 12 months, the industry was up 19%. Earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$1.1t | HK$162.3b | HK$29.0b | 19.1x | 37.4x | 6.7x |
| Sat, 19 Oct 2024 | HK$1.1t | HK$160.8b | HK$28.1b | 19x | 38.6x | 6.8x |
| Mon, 16 Sep 2024 | HK$775.9b | HK$161.5b | HK$28.3b | 13.6x | 27.4x | 4.8x |
| Wed, 14 Aug 2024 | HK$786.1b | HK$161.3b | HK$30.4b | 15.1x | 25.9x | 4.9x |
| Fri, 12 Jul 2024 | HK$792.9b | HK$159.5b | HK$29.8b | 15.4x | 26.6x | 5x |
| Sun, 09 Jun 2024 | HK$871.0b | HK$160.0b | HK$29.3b | 15.1x | 29.7x | 5.4x |
| Tue, 07 May 2024 | HK$903.3b | HK$160.6b | HK$29.4b | 9.9x | 30.7x | 5.6x |
| Thu, 04 Apr 2024 | HK$827.9b | HK$168.2b | HK$33.3b | 10.5x | 24.9x | 4.9x |
| Sat, 02 Mar 2024 | HK$882.1b | HK$160.4b | HK$35.0b | 9.9x | 25.2x | 5.5x |
| Mon, 29 Jan 2024 | HK$880.6b | HK$163.6b | HK$34.3b | 10.1x | 25.6x | 5.4x |
| Wed, 27 Dec 2023 | HK$916.3b | HK$163.8b | HK$34.7b | 10.4x | 26.4x | 5.6x |
| Fri, 24 Nov 2023 | HK$1.0t | HK$176.8b | HK$33.8b | 11.4x | 30x | 5.7x |
| Sun, 22 Oct 2023 | HK$952.2b | HK$176.1b | HK$35.1b | 10.5x | 27.1x | 5.4x |
| Tue, 19 Sep 2023 | HK$973.1b | HK$166.2b | HK$34.3b | 10.7x | 28.4x | 5.9x |
| Thu, 17 Aug 2023 | HK$1.0t | HK$182.7b | HK$34.0b | 11.3x | 30.3x | 5.6x |
| Sat, 15 Jul 2023 | HK$989.2b | HK$184.4b | HK$33.5b | 11.7x | 29.5x | 5.4x |
| Mon, 12 Jun 2023 | HK$1.0t | HK$184.5b | HK$35.7b | 14.7x | 28.2x | 5.5x |
| Wed, 10 May 2023 | HK$1.1t | HK$203.5b | HK$38.4b | 13.7x | 29.4x | 5.5x |
| Fri, 07 Apr 2023 | HK$1.1t | HK$199.2b | HK$36.3b | 13.9x | 29.8x | 5.4x |
| Sun, 05 Mar 2023 | HK$1.1t | HK$218.4b | HK$45.8b | 13.2x | 24.1x | 5.1x |
| Tue, 31 Jan 2023 | HK$1.1t | HK$221.9b | HK$46.5b | 13.8x | 24.6x | 5.1x |
| Thu, 29 Dec 2022 | HK$1.1t | HK$215.0b | HK$44.8b | 14x | 23.6x | 4.9x |
| Sat, 26 Nov 2022 | HK$967.6b | HK$209.8b | HK$40.7b | 15.5x | 23.8x | 4.6x |
| Mon, 24 Oct 2022 | HK$882.8b | HK$213.4b | HK$42.8b | 10x | 20.6x | 4.1x |
| Wed, 21 Sep 2022 | HK$969.6b | HK$220.4b | HK$41.1b | 10x | 23.6x | 4.4x |
| Fri, 19 Aug 2022 | HK$1.1t | HK$236.1b | HK$55.5b | 8.5x | 19.6x | 4.6x |
| Sun, 17 Jul 2022 | HK$1.1t | HK$238.2b | HK$57.2b | 9.6x | 19.2x | 4.6x |
| Tue, 14 Jun 2022 | HK$1.1t | HK$239.5b | HK$59.9b | 8.1x | 18.3x | 4.6x |
| Thu, 12 May 2022 | HK$1.0t | HK$239.1b | HK$59.9b | 8.1x | 17.1x | 4.3x |
| Sat, 09 Apr 2022 | HK$1.2t | HK$253.9b | HK$66.2b | 9.3x | 17.5x | 4.6x |
| Mon, 07 Mar 2022 | HK$1.2t | HK$266.8b | HK$67.5b | 6.6x | 17.7x | 4.5x |
| Wed, 02 Feb 2022 | HK$1.3t | HK$265.4b | HK$67.4b | 7.4x | 19.7x | 5x |
| Fri, 31 Dec 2021 | HK$1.4t | HK$265.2b | HK$67.5b | 7.6x | 20.7x | 5.3x |
| Sun, 28 Nov 2021 | HK$1.4t | HK$264.6b | HK$72.5b | 8.1x | 18.8x | 5.1x |
Price to Earnings Ratio
18.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.3x which is higher than its 3-year average PE of 25.2x.
- The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 26% per year over the last three years,
- Revenues have also declined 15% 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 | 0.42% | |
| Financials | 0.60% | |
| Capital Markets | -3.04% | |
| Diversified Capital Markets | -2.32% | |
| Financial Exchanges and Data | -2.43% | |
| Asset Management | -3.33% | |
| Investment Banking and Brokerage | -3.44% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 22.6x.
- Analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings decline of 21.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 67% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 9636 JF SmartInvest Holdings | HK$26.75 | 14.1% +HK$1.5b | 107.7% | PE205.5x | |
| 1476 Hengtai Securities | HK$2.01 | 14.9% +HK$677.2m | 3.1% | PS2.7x | |
| 1359 China Cinda Asset Management | HK$1.29 | 0.8% +HK$381.6m | 61.3% | PE19.5x | |
| 863 OSL Group | HK$7.36 | 2.6% +HK$119.0m | -5.5% | PS20.2x | |
| 1428 Bright Smart Securities & Commodities Group | HK$2.31 | 3.1% +HK$118.8m | 59.3% | PE7x |