Hong Kong (HSI) Asset Management Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Asset Management Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 09 Aug 2022	HK$69.7b	HK$58.1b	HK$9.8b	7.2x	7.1x	1.2x
Thu, 07 Jul 2022	HK$74.8b	HK$58.5b	HK$9.9b	7.9x	7.5x	1.3x
Sat, 04 Jun 2022	HK$79.7b	HK$58.8b	HK$12.0b	8.9x	6.7x	1.4x
Mon, 02 May 2022	HK$76.3b	HK$59.3b	HK$12.2b	6.7x	6.3x	1.3x
Wed, 30 Mar 2022	HK$82.7b	HK$65.3b	HK$10.0b	9.8x	8.3x	1.3x
Fri, 25 Feb 2022	HK$81.7b	HK$67.2b	HK$11.2b	7.9x	7.3x	1.2x
Sun, 23 Jan 2022	HK$83.1b	HK$66.8b	HK$11.1b	6.1x	7.5x	1.2x
Tue, 21 Dec 2021	HK$74.9b	HK$66.6b	HK$11.0b	8.5x	6.8x	1.1x
Thu, 18 Nov 2021	HK$76.2b	HK$66.5b	HK$15.9b	6.7x	4.8x	1.1x
Sat, 16 Oct 2021	HK$79.3b	HK$65.4b	HK$12.7b	6.8x	6.2x	1.2x
Mon, 13 Sep 2021	HK$88.2b	HK$65.1b	HK$12.7b	12.3x	6.9x	1.4x
Wed, 11 Aug 2021	HK$86.7b	HK$65.2b	HK$12.4b	13.1x	7x	1.3x
Sun, 06 Jun 2021	HK$93.9b	HK$66.1b	HK$12.2b	7.4x	7.7x	1.4x
Wed, 10 Mar 2021	HK$87.2b	HK$67.8b	HK$11.5b	10.4x	7.6x	1.3x
Tue, 01 Dec 2020	HK$83.0b	HK$60.7b	HK$9.6b	6x	8.6x	1.4x
Fri, 04 Sep 2020	HK$112.5b	HK$93.1b	HK$7.5b	3.6x	15x	1.2x
Mon, 08 Jun 2020	HK$100.2b	HK$97.8b	HK$9.8b	11.8x	10.2x	1x
Sun, 01 Mar 2020	HK$123.4b	HK$105.7b	HK$13.2b	11x	9.3x	1.2x
Wed, 04 Dec 2019	HK$128.8b	HK$92.9b	HK$18.8b	8.9x	6.9x	1.4x
Sat, 07 Sep 2019	HK$162.4b	HK$91.7b	HK$18.4b	12.9x	8.8x	1.8x

Current Industry PE

Investors are pessimistic on the Hong Kong Asset Management and Custody Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 7.1x which is lower than its 3-year average PE of 8.4x.

The industry is trading close to its 3-year average PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Asset Management and Custody Banks industry have declined 19% per year over the last three years,
Revenues have also declined 14% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Hong Kong Asset Management compare with similar industries?


HK Market	0.21%
Financials	-0.20%
Capital Markets	0.058%
Asset Management	-1.11%
Investment Banking and Brokerage	1.58%
Diversified Capital Markets	1.28%
Financial Exchanges and Data	-1.60%

Industry PEThere is insufficient data on the sub-industries of this industry.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
1140 Wealthking Investments	HK$0.49	7.7% +HK$280.9m	-36.4%	PE17.8x
810 China Internet Investment Finance Holdings	HK$4.50	25.3% +HK$128.7m	765.4%	PS1315.8x
806 Value Partners Group	HK$2.53	2.4% +HK$110.0m	-42.2%	PE10.1x
329 OCI International Holdings	HK$3.62	0.8% +HK$45.0m	3.7%	PS74.1x
901 Goldstone Investment Group	HK$0.078	18.2% +HK$26.0m	-58.7%	PE-4x

Company

Last Price

Valuation

1140 Wealthking Investments

HK$0.49

7.7%
+HK$280.9m

-36.4%

PE17.8x

810 China Internet Investment Finance Holdings

HK$4.50

25.3%
+HK$128.7m

765.4%

PS1315.8x

806 Value Partners Group

HK$2.53

2.4%
+HK$110.0m

-42.2%

PE10.1x

329 OCI International Holdings

HK$3.62

0.8%
+HK$45.0m

3.7%

PS74.1x

901 Goldstone Investment Group

HK$0.078

18.2%
+HK$26.0m

-58.7%

PE-4x

Global Mastermind Capital Limited Announces Board Changes

The board of directors of Global Mastermind Capital Limited announced that Mr. Lei Seng Fat and Mr. Poon Wai Hoi, Percy have resigned as independent non-executive Directors with effect from 12 July 2022 to devote more time to their respective other business commitments. Mr. Lei has also resigned as the chairman of the nomination committee of the Company and a member of each of the audit committee of the Company and the remuneration committee of the Company, and Mr. Poon has also resigned as the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee with effect from even date. Following the resignation of Mr. Lei and Mr. Poon, the Board announced that Ms. Lui Sau Lin and Mr. Chung Wang Hei have been appointed as independent non-executive Directors with effect from 12 July 2022. Ms. Lui has also been appointed as the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee, and Mr. Chung has also been appointed as the chairman of the Nomination Committee and a member of each of the Audit Committee and Remuneration Committee with effect from even date. Ms. Lui, aged 50, holds a Bachelor of Business (Accountancy) degree from the Royal Melbourne Institute of Technology and a Master of Professional Accounting degree from the Hong Kong Polytechnic University. She has over 25 years of experience in the field of accounting and finance. Ms. Lui is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. Mr. Chung, aged 35, holds a Bachelor of Science degree from the Hong Kong Baptist University. He has over 10 years of experience in the field of software engineering and is currently a director of a private technology company which provides technology consultancy services and executes large-scale transformation programs.

Hong Kong (HSI) Asset Management Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

1697

Shandong International Trust Co., Ltd. Announces Management Changes

8193

Asia-Pac Financial Investment Company Limited to Report Q1, 2023 Results on Aug 09, 2022

1140

Full year 2022 earnings released: EPS: HK$0.064 (vs HK$0.13 in FY 2021)

806

Value Partners Group Limited to Report First Half, 2022 Results on Aug 11, 2022

810

China Internet Investment Finance Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022

1359

China Cinda Asset Management Co., Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2022

985

CST Group Limited, Annual General Meeting, Sep 28, 2022

428

Cocoon Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 22.792293 million.

721

China Financial International Investments Limited Announces Executive Resignations

905

Global Mastermind Capital Limited Announces Board Changes

2799

China Huarong Asset Management Co., Ltd Announces the Appointment of Zhu Wenhui as Chief Financial Officer

139

Central Wealth Group Holdings Limited Announces Resignation of Wang Jun as Executive Director

612

China Investment Fund Company Limited has completed a Follow-on Equity Offering in the amount of HKD 115.6316 million.

901

Goldstone Investment Group Limited, Annual General Meeting, Jun 30, 2022

851

Sheng Yuan Holdings Limited Announces Change of Board

329

Less than half of directors are independent