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) Asset Management Industry Analysis
UpdatedJan 24, 2025
DataAggregated Company Financials
Companies34
- 7D3.9%
- 3M-13.9%
- 1Y23.4%
- YTDn/a
Over the last 7 days, the Asset Management industry has risen 3.6%, driven by gains from China CITIC Financial Asset Management of 11%. In the last 12 months, the industry was up 26%. Looking forward, earnings are forecast to grow by 39% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 24 Jan 2025 | HK$59.2b | HK$27.9b | HK$2.1b | 11.1x | 28x | 2.1x |
| Sun, 22 Dec 2024 | HK$60.6b | HK$27.8b | HK$2.1b | 13.4x | 28.8x | 2.2x |
| Tue, 19 Nov 2024 | HK$64.4b | HK$28.1b | HK$2.1b | 15.9x | 30x | 2.3x |
| Thu, 17 Oct 2024 | HK$66.3b | HK$28.5b | HK$2.2b | 16.1x | 30.8x | 2.3x |
| Sat, 14 Sep 2024 | HK$38.8b | HK$28.7b | HK$2.2b | 12.3x | 17.9x | 1.4x |
| Mon, 12 Aug 2024 | HK$40.2b | HK$30.2b | HK$4.2b | 16x | 9.6x | 1.3x |
| Wed, 10 Jul 2024 | HK$41.8b | HK$29.8b | HK$4.1b | 14.5x | 10.1x | 1.4x |
| Fri, 07 Jun 2024 | HK$47.6b | HK$29.9b | HK$4.1b | 24.3x | 11.6x | 1.6x |
| Sun, 05 May 2024 | HK$45.9b | HK$29.9b | HK$4.1b | 8.7x | 11.2x | 1.5x |
| Tue, 02 Apr 2024 | HK$42.1b | HK$30.1b | HK$4.1b | 8.9x | 10.4x | 1.4x |
| Thu, 29 Feb 2024 | HK$49.9b | HK$24.6b | HK$4.7b | 17.6x | 10.7x | 2x |
| Sat, 27 Jan 2024 | HK$51.3b | HK$24.8b | HK$4.7b | 17.6x | 10.9x | 2.1x |
| Mon, 25 Dec 2023 | HK$52.3b | HK$24.8b | HK$5.0b | 18.7x | 10.5x | 2.1x |
| Wed, 22 Nov 2023 | HK$52.6b | HK$34.5b | HK$3.9b | 12x | 13.5x | 1.5x |
| Fri, 20 Oct 2023 | HK$52.2b | HK$33.8b | HK$3.8b | 11.2x | 13.7x | 1.5x |
| Sun, 17 Sep 2023 | HK$51.5b | HK$29.0b | HK$3.3b | 12x | 15.7x | 1.8x |
| Tue, 15 Aug 2023 | HK$48.6b | HK$34.1b | HK$3.0b | 10.5x | 15.9x | 1.4x |
| Thu, 13 Jul 2023 | HK$49.8b | HK$34.5b | HK$2.7b | 11.9x | 18.6x | 1.4x |
| Sat, 10 Jun 2023 | HK$55.6b | HK$34.2b | HK$3.5b | 10.1x | 15.9x | 1.6x |
| Mon, 08 May 2023 | HK$56.4b | HK$50.0b | HK$5.6b | 15.9x | 10x | 1.1x |
| Wed, 05 Apr 2023 | HK$56.2b | HK$50.2b | HK$5.5b | 14.8x | 10.2x | 1.1x |
| Fri, 03 Mar 2023 | HK$65.1b | HK$58.8b | HK$8.6b | 14x | 7.6x | 1.1x |
| Sun, 29 Jan 2023 | HK$73.0b | HK$59.7b | HK$8.7b | 15.6x | 8.4x | 1.2x |
| Tue, 27 Dec 2022 | HK$71.4b | HK$58.0b | HK$8.5b | 16.4x | 8.4x | 1.2x |
| Thu, 24 Nov 2022 | HK$62.4b | HK$56.4b | HK$5.2b | 20.7x | 12x | 1.1x |
| Sat, 22 Oct 2022 | HK$56.9b | HK$56.0b | HK$5.1b | 4.1x | 11.1x | 1x |
| Mon, 19 Sep 2022 | HK$63.3b | HK$57.8b | HK$5.5b | 6.3x | 11.6x | 1.1x |
| Wed, 17 Aug 2022 | HK$70.6b | HK$57.6b | HK$9.2b | 6x | 7.7x | 1.2x |
| Fri, 15 Jul 2022 | HK$74.7b | HK$58.5b | HK$9.9b | 7.6x | 7.5x | 1.3x |
| Sun, 12 Jun 2022 | HK$80.6b | HK$58.4b | HK$11.9b | 8.7x | 6.8x | 1.4x |
| Tue, 10 May 2022 | HK$73.8b | HK$58.8b | HK$12.0b | 6.8x | 6.1x | 1.3x |
| Thu, 07 Apr 2022 | HK$79.3b | HK$61.5b | HK$12.7b | 6.9x | 6.3x | 1.3x |
| Sat, 05 Mar 2022 | HK$81.7b | HK$67.3b | HK$11.2b | 6.8x | 7.3x | 1.2x |
| Mon, 31 Jan 2022 | HK$80.1b | HK$66.7b | HK$11.1b | 6.8x | 7.2x | 1.2x |
Price to Earnings Ratio
7.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Asset Management and Custody Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.5x which is higher than its 3-year average PE of 12.8x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have declined 42% per year over the last three years,
- Revenues have also declined 25% 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 | 0.45% | |
| Financials | 1.85% | |
| Capital Markets | 2.95% | |
| Asset Management | 3.93% | |
| Investment Banking and Brokerage | 3.34% | |
| Financial Exchanges and Data | 2.45% | |
| Diversified Capital Markets | -1.83% | |
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 | |
|---|---|---|---|---|---|
| 2799 China CITIC Financial Asset Management | HK$0.68 | 7.9% +HK$4.0b | 94.3% | PE4.4x | |
| 1359 China Cinda Asset Management | HK$1.20 | 3.4% +HK$1.5b | 55.8% | PE18.1x | |
| 245 China Vered Financial Holding | HK$0.043 | 4.9% +HK$74.4m | -30.6% | PS15.1x | |
| 905 Walnut Capital | HK$0.32 | 20.8% +HK$57.8m | 116.2% | PS2012.9x | |
| 7836 Aquila Acquisition | HK$9.80 | 2.1% +HK$24.8m | 22.5% | PB36.8x |