OCI International Holdings Limited's (HKG:329) 59% Price Boost Is Out Of Tune With Revenues
Mar 28
Hong Kong (HSI) Asset Management Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies34
- 7D1.5%
- 3M-4.8%
- 1Y-34.6%
- YTDn/a
In the last week, the Asset Management industry is up 1.5%, with China Vered Financial Holding leading the way with a 18% gain. In the same time, Ding Yi Feng Holdings Group International was down 21%. However, the industry is down 35% over the past year. As for the next few years, earnings are expected to grow by 28% per annum.
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, 23 Apr 2024 | HK$42.0b | HK$29.9b | HK$4.1b | 7.9x | 10.2x | 1.4x |
| Thu, 21 Mar 2024 | HK$46.8b | HK$24.6b | HK$4.9b | 18.3x | 9.5x | 1.9x |
| Sat, 17 Feb 2024 | HK$51.7b | HK$24.9b | HK$4.7b | 17.2x | 10.9x | 2.1x |
| Mon, 15 Jan 2024 | HK$50.9b | HK$24.7b | HK$5.0b | 18.7x | 10.3x | 2.1x |
| Wed, 13 Dec 2023 | HK$51.1b | HK$24.7b | HK$4.9b | 19.8x | 10.3x | 2.1x |
| Fri, 10 Nov 2023 | HK$52.6b | HK$33.9b | HK$3.8b | 10.1x | 13.9x | 1.6x |
| Sun, 08 Oct 2023 | HK$52.4b | HK$34.0b | HK$3.8b | 11.7x | 13.7x | 1.5x |
| Tue, 05 Sep 2023 | HK$52.3b | HK$29.0b | HK$3.3b | 12x | 15.9x | 1.8x |
| Thu, 03 Aug 2023 | HK$50.2b | HK$34.5b | HK$2.7b | 10.1x | 18.7x | 1.5x |
| Sat, 01 Jul 2023 | HK$50.7b | HK$34.2b | HK$2.6b | 14x | 19.3x | 1.5x |
| Mon, 29 May 2023 | HK$54.7b | HK$48.9b | HK$5.3b | 19.5x | 10.3x | 1.1x |
| Wed, 26 Apr 2023 | HK$53.8b | HK$49.9b | HK$5.6b | 14.2x | 9.6x | 1.1x |
| Fri, 24 Mar 2023 | HK$62.6b | HK$59.1b | HK$8.0b | 16.4x | 7.8x | 1.1x |
| Sun, 19 Feb 2023 | HK$66.4b | HK$59.1b | HK$8.6b | 14.8x | 7.7x | 1.1x |
| Tue, 17 Jan 2023 | HK$75.9b | HK$60.0b | HK$8.8b | 16.2x | 8.6x | 1.3x |
| Thu, 15 Dec 2022 | HK$69.3b | HK$58.2b | HK$8.4b | 17.6x | 8.2x | 1.2x |
| Sat, 12 Nov 2022 | HK$60.0b | HK$56.1b | HK$5.1b | 11.2x | 11.7x | 1.1x |
| Mon, 10 Oct 2022 | HK$57.0b | HK$56.8b | HK$5.3b | 4.7x | 10.8x | 1x |
| Wed, 07 Sep 2022 | HK$67.5b | HK$51.7b | HK$6.2b | 5.5x | 10.8x | 1.3x |
| Fri, 05 Aug 2022 | HK$68.9b | HK$58.2b | HK$9.8b | 7x | 7x | 1.2x |
| Sun, 03 Jul 2022 | HK$76.4b | HK$58.6b | HK$10.0b | 8.1x | 7.7x | 1.3x |
| Tue, 31 May 2022 | HK$78.0b | HK$58.5b | HK$11.9b | 9.1x | 6.6x | 1.3x |
| Thu, 28 Apr 2022 | HK$74.0b | HK$59.7b | HK$12.3b | 6.7x | 6x | 1.2x |
| Sat, 26 Mar 2022 | HK$120.7b | HK$92.3b | HK$11.6b | 9x | 10.4x | 1.3x |
| Mon, 21 Feb 2022 | HK$85.8b | HK$67.1b | HK$11.2b | 7.2x | 7.7x | 1.3x |
| Wed, 19 Jan 2022 | HK$81.8b | HK$66.8b | HK$11.1b | 6.2x | 7.4x | 1.2x |
| Fri, 17 Dec 2021 | HK$76.8b | HK$66.6b | HK$11.0b | 8.5x | 7x | 1.2x |
| Sun, 14 Nov 2021 | HK$75.5b | HK$66.7b | HK$15.9b | 6.5x | 4.7x | 1.1x |
| Tue, 12 Oct 2021 | HK$80.0b | HK$65.4b | HK$12.7b | 7.5x | 6.3x | 1.2x |
| Thu, 09 Sep 2021 | HK$85.9b | HK$65.1b | HK$12.7b | 12.3x | 6.8x | 1.3x |
| Sat, 07 Aug 2021 | HK$83.2b | HK$65.2b | HK$12.4b | 11.7x | 6.7x | 1.3x |
| Fri, 30 Apr 2021 | HK$89.8b | HK$66.1b | HK$12.2b | 7.8x | 7.4x | 1.4x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Asset Management and Custody 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 9.5x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have declined 30% per year over the last three years,
- Revenues have also declined 23% 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 | -0.66% | |
| Financials | 1.93% | |
| Capital Markets | -2.60% | |
| Asset Management | 1.46% | |
| Investment Banking and Brokerage | -1.07% | |
| Diversified Capital Markets | -1.25% | |
| Financial Exchanges and Data | -5.56% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1359 China Cinda Asset Management | HK$0.67 | 4.7% +HK$1.1b | -27.2% | PE5.5x | |
| 2799 China CITIC Financial Asset Management | HK$0.30 | 3.4% +HK$802.5m | -25.9% | PE12.6x | |
| 1973 Tian Tu Capital | HK$3.69 | 21.0% +HK$443.5m | n/a | PB0.3x | |
| 245 China Vered Financial Holding | HK$0.07 | 12.9% +HK$277.7m | n/a | PS21.2x | |
| 329 OCI International Holdings | HK$0.80 | 29.0% +HK$270.0m | -16.7% | PS13.4x |