China Cinda Asset Management Co., Ltd.'s (HKG:1359) 26% Cheaper Price Remains In Tune With Earnings
Dec 05
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Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies96
- 7D-3.4%
- 3M47.0%
- 1Y30.8%
- YTD27.6%
Over the last 7 days, the Capital Markets industry has dropped 3.4%, driven by a pullback from Hong Kong Exchanges and Clearing of 2.3%. Meanwhile, DL Holdings Group actually outperformed within the industry, gaining 6.1% in the last week. In the past year, the industry has gained 31%. As for the next few years, earnings are expected to grow by 21% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | HK$1.1t | HK$161.5b | HK$28.9b | 18.4x | 36.4x | 6.5x |
| Tue, 19 Nov 2024 | HK$1.1t | HK$162.7b | HK$29.0b | 18.5x | 37x | 6.6x |
| Thu, 17 Oct 2024 | HK$1.0t | HK$160.7b | HK$28.1b | 18.6x | 37.1x | 6.5x |
| Sat, 14 Sep 2024 | HK$774.9b | HK$161.4b | HK$28.3b | 13.6x | 27.4x | 4.8x |
| Mon, 12 Aug 2024 | HK$785.3b | HK$161.5b | HK$30.4b | 15.1x | 25.8x | 4.9x |
| Wed, 10 Jul 2024 | HK$776.6b | HK$159.5b | HK$29.8b | 15.4x | 26.1x | 4.9x |
| Fri, 07 Jun 2024 | HK$875.4b | HK$160.0b | HK$29.3b | 12.2x | 29.9x | 5.5x |
| Sun, 05 May 2024 | HK$897.9b | HK$160.1b | HK$29.3b | 9.9x | 30.6x | 5.6x |
| Tue, 02 Apr 2024 | HK$831.7b | HK$168.1b | HK$33.3b | 9.6x | 25x | 4.9x |
| Thu, 29 Feb 2024 | HK$868.4b | HK$160.6b | HK$35.2b | 9.6x | 24.7x | 5.4x |
| Sat, 27 Jan 2024 | HK$882.9b | HK$163.9b | HK$34.4b | 10.1x | 25.7x | 5.4x |
| Mon, 25 Dec 2023 | HK$920.7b | HK$163.8b | HK$34.8b | 10.4x | 26.5x | 5.6x |
| Wed, 22 Nov 2023 | HK$1.0t | HK$176.6b | HK$33.8b | 11.1x | 29.9x | 5.7x |
| Fri, 20 Oct 2023 | HK$944.7b | HK$175.4b | HK$34.4b | 10.4x | 27.5x | 5.4x |
| Sun, 17 Sep 2023 | HK$983.9b | HK$170.8b | HK$33.9b | 10.7x | 29.1x | 5.8x |
| Tue, 15 Aug 2023 | HK$1.0t | HK$182.6b | HK$33.4b | 11.3x | 30.7x | 5.6x |
| Thu, 13 Jul 2023 | HK$961.8b | HK$183.5b | HK$33.3b | 11.7x | 28.9x | 5.2x |
| Sat, 10 Jun 2023 | HK$1.0t | HK$184.4b | HK$35.7b | 15.1x | 28.2x | 5.5x |
| Mon, 08 May 2023 | HK$1.1t | HK$203.9b | HK$38.5b | 13.6x | 28.1x | 5.3x |
| Wed, 05 Apr 2023 | HK$1.1t | HK$200.3b | HK$38.4b | 13.9x | 28.1x | 5.4x |
| Fri, 03 Mar 2023 | HK$1.1t | HK$218.5b | HK$45.8b | 12.9x | 24x | 5x |
| Sun, 29 Jan 2023 | HK$1.2t | HK$220.8b | HK$46.2b | 13.9x | 25.4x | 5.3x |
| Tue, 27 Dec 2022 | HK$1.0t | HK$215.8b | HK$45.0b | 14.5x | 23.3x | 4.9x |
| Thu, 24 Nov 2022 | HK$963.3b | HK$210.9b | HK$41.2b | 12.3x | 23.4x | 4.6x |
| Sat, 22 Oct 2022 | HK$884.2b | HK$214.1b | HK$42.9b | 10x | 20.6x | 4.1x |
| Mon, 19 Sep 2022 | HK$977.8b | HK$220.8b | HK$41.1b | 10x | 23.8x | 4.4x |
| Wed, 17 Aug 2022 | HK$1.1t | HK$236.9b | HK$56.1b | 8.5x | 19.7x | 4.7x |
| Fri, 15 Jul 2022 | HK$1.1t | HK$239.3b | HK$57.5b | 9.6x | 19.7x | 4.7x |
| Sun, 12 Jun 2022 | HK$1.1t | HK$239.5b | HK$59.9b | 8.1x | 18.7x | 4.7x |
| Tue, 10 May 2022 | HK$1.0t | HK$240.9b | HK$60.4b | 8.2x | 16.6x | 4.2x |
| Thu, 07 Apr 2022 | HK$1.2t | HK$253.9b | HK$66.7b | 9.4x | 17.5x | 4.6x |
| Sat, 05 Mar 2022 | HK$1.2t | HK$267.1b | HK$67.5b | 6.6x | 17.7x | 4.5x |
| Mon, 31 Jan 2022 | HK$1.3t | HK$265.3b | HK$67.4b | 7.1x | 19.6x | 5x |
| Wed, 29 Dec 2021 | HK$1.5t | HK$265.3b | HK$67.5b | 7.8x | 22.9x | 5.8x |
Price to Earnings Ratio
22.9x
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 36.4x which is higher than its 3-year average PE of 25.7x.
- The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 25% 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 | -0.53% | |
| Financials | -0.22% | |
| Capital Markets | -3.37% | |
| Diversified Capital Markets | 0.77% | |
| Asset Management | -2.44% | |
| Financial Exchanges and Data | -2.49% | |
| Investment Banking and Brokerage | -4.18% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 23.3x.
- Analysts are expecting annual earnings growth of 26.5%, which is higher than its past year's earnings decline of 27.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 70% 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 | |
|---|---|---|---|---|---|
| 1709 DL Holdings Group | HK$5.54 | 6.1% +HK$474.4m | 34.2% | PE81.6x | |
| 8168 Amasse Capital Holdings | HK$0.11 | 137.0% +HK$69.3m | 2.8% | PS10x | |
| 510 CASH Financial Services Group | HK$0.40 | 60.0% +HK$64.7m | 27.0% | PS5.2x | |
| 1973 Tian Tu Capital | HK$3.49 | 2.6% +HK$62.4m | -43.6% | PB0.3x | |
| 1141 CMBC Capital Holdings | HK$0.53 | 8.2% +HK$44.0m | 76.7% | PS179.2x |