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
UpdatedDec 24, 2024
DataAggregated Company Financials
Companies34
- 7D-1.6%
- 3M53.8%
- 1Y24.0%
- YTDn/a
Over the last 7 days, the Asset Management industry has dropped 2.4%, driven by a pullback from China Cinda Asset Management of 2.4%. Over the past 12 months, the industry was up 23%. 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 |
|---|---|---|---|---|---|---|
| Tue, 24 Dec 2024 | HK$61.3b | HK$27.8b | HK$2.1b | 11.8x | 29.2x | 2.2x |
| Thu, 21 Nov 2024 | HK$64.4b | HK$28.1b | HK$2.1b | 15.7x | 30.1x | 2.3x |
| Sat, 19 Oct 2024 | HK$68.4b | HK$28.6b | HK$2.2b | 16.1x | 31.8x | 2.4x |
| Mon, 16 Sep 2024 | HK$38.8b | HK$28.7b | HK$2.2b | 12.3x | 17.9x | 1.4x |
| Wed, 14 Aug 2024 | HK$40.9b | HK$30.1b | HK$4.2b | 16.3x | 9.8x | 1.4x |
| Fri, 12 Jul 2024 | HK$42.4b | HK$29.8b | HK$4.1b | 14.5x | 10.2x | 1.4x |
| Sun, 09 Jun 2024 | HK$47.8b | HK$29.9b | HK$4.1b | 21.6x | 11.7x | 1.6x |
| Tue, 07 May 2024 | HK$46.4b | HK$30.0b | HK$4.1b | 8.7x | 11.3x | 1.5x |
| Thu, 04 Apr 2024 | HK$42.2b | HK$30.1b | HK$4.1b | 8.4x | 10.3x | 1.4x |
| Sat, 02 Mar 2024 | HK$50.8b | HK$24.7b | HK$4.9b | 17.6x | 10.4x | 2.1x |
| Mon, 29 Jan 2024 | HK$51.3b | HK$24.8b | HK$4.7b | 17.6x | 10.9x | 2.1x |
| Wed, 27 Dec 2023 | HK$52.3b | HK$24.8b | HK$5.0b | 18.7x | 10.5x | 2.1x |
| Fri, 24 Nov 2023 | HK$53.2b | HK$34.5b | HK$3.9b | 12x | 13.6x | 1.5x |
| Sun, 22 Oct 2023 | HK$52.5b | HK$33.8b | HK$3.8b | 11.4x | 13.8x | 1.6x |
| Tue, 19 Sep 2023 | HK$51.3b | HK$24.7b | HK$3.8b | 12x | 13.4x | 2.1x |
| Thu, 17 Aug 2023 | HK$48.9b | HK$34.0b | HK$3.0b | 10.3x | 16.2x | 1.4x |
| Sat, 15 Jul 2023 | HK$50.1b | HK$34.7b | HK$2.7b | 11.6x | 18.4x | 1.4x |
| Mon, 12 Jun 2023 | HK$55.6b | HK$34.3b | HK$3.5b | 10.1x | 15.9x | 1.6x |
| Wed, 10 May 2023 | HK$59.6b | HK$49.9b | HK$5.6b | 16.8x | 10.6x | 1.2x |
| Fri, 07 Apr 2023 | HK$55.9b | HK$50.2b | HK$5.5b | 14.8x | 10.2x | 1.1x |
| Sun, 05 Mar 2023 | HK$65.6b | HK$58.8b | HK$8.5b | 14.4x | 7.7x | 1.1x |
| Tue, 31 Jan 2023 | HK$70.4b | HK$60.0b | HK$8.8b | 15.4x | 8x | 1.2x |
| Thu, 29 Dec 2022 | HK$72.3b | HK$57.8b | HK$8.4b | 15.4x | 8.6x | 1.2x |
| Sat, 26 Nov 2022 | HK$64.5b | HK$56.2b | HK$5.2b | 21.5x | 12.5x | 1.1x |
| Mon, 24 Oct 2022 | HK$56.9b | HK$55.8b | HK$5.1b | 4.1x | 11.1x | 1x |
| Wed, 21 Sep 2022 | HK$62.5b | HK$57.6b | HK$5.4b | 6.8x | 11.5x | 1.1x |
| Fri, 19 Aug 2022 | HK$70.0b | HK$57.5b | HK$9.1b | 6x | 7.7x | 1.2x |
| Sun, 17 Jul 2022 | HK$72.7b | HK$58.2b | HK$9.8b | 7.5x | 7.4x | 1.2x |
| Tue, 14 Jun 2022 | HK$79.1b | HK$58.4b | HK$11.9b | 8.4x | 6.7x | 1.4x |
| Thu, 12 May 2022 | HK$74.1b | HK$58.3b | HK$11.9b | 6.6x | 6.2x | 1.3x |
| Sat, 09 Apr 2022 | HK$78.1b | HK$61.5b | HK$12.7b | 6.7x | 6.2x | 1.3x |
| Mon, 07 Mar 2022 | HK$81.7b | HK$67.2b | HK$11.2b | 6.8x | 7.3x | 1.2x |
| Wed, 02 Feb 2022 | HK$82.3b | HK$66.7b | HK$11.1b | 7.1x | 7.4x | 1.2x |
| Fri, 31 Dec 2021 | HK$81.7b | HK$66.6b | HK$11.0b | 9.2x | 7.4x | 1.2x |
Price to Earnings Ratio
7.4x
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 28.8x which is higher than its 3-year average PE of 12.2x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.2x.
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 | 0.85% | |
| Financials | 1.96% | |
| Capital Markets | -0.94% | |
| Asset Management | -1.63% | |
| Financial Exchanges and Data | -0.11% | |
| Diversified Capital Markets | -1.10% | |
| Investment Banking and Brokerage | -1.42% | |
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 | |
|---|---|---|---|---|---|
| 1973 Tian Tu Capital | HK$3.57 | 5.3% +HK$124.7m | -42.3% | PB0.4x | |
| 806 Value Partners Group | HK$1.56 | 2.6% +HK$73.1m | -37.8% | PE51.3x | |
| 1697 Shandong International Trust | HK$0.39 | 2.7% +HK$46.6m | 22.2% | PE10.9x | |
| 245 China Vered Financial Holding | HK$0.047 | 2.2% +HK$37.2m | 2.2% | PS16.5x | |
| 7376 CSOP Asset Management | HK$5.07 | 12.6% +HK$15.1m | n/a | n/a |
