Hong Kong (HSI) Investment Banking and Brokerage Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Investment Banking and Brokerage Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 13 Aug 2022	HK$576.4b	HK$152.7b	HK$38.0b	7x	15.2x	3.8x
Mon, 11 Jul 2022	HK$593.3b	HK$153.8b	HK$38.3b	8.2x	15.5x	3.9x
Wed, 08 Jun 2022	HK$545.5b	HK$154.5b	HK$38.8b	7.6x	14.1x	3.5x
Fri, 06 May 2022	HK$519.0b	HK$155.7b	HK$39.3b	7.4x	13.2x	3.3x
Sun, 03 Apr 2022	HK$604.6b	HK$163.6b	HK$44.3b	7.8x	13.6x	3.7x
Tue, 01 Mar 2022	HK$643.3b	HK$169.5b	HK$45.0b	6.3x	14.3x	3.8x
Thu, 27 Jan 2022	HK$688.1b	HK$168.4b	HK$44.7b	7.3x	15.4x	4.1x
Sat, 25 Dec 2021	HK$704.7b	HK$167.8b	HK$44.7b	7.3x	15.8x	4.2x
Mon, 22 Nov 2021	HK$695.3b	HK$167.1b	HK$44.5b	8.8x	15.6x	4.2x
Wed, 20 Oct 2021	HK$715.5b	HK$159.1b	HK$42.0b	8.6x	17x	4.5x
Fri, 17 Sep 2021	HK$733.8b	HK$149.9b	HK$42.1b	9.3x	17.4x	4.9x
Sun, 15 Aug 2021	HK$679.6b	HK$149.1b	HK$42.2b	10.3x	16.1x	4.6x
Thu, 10 Jun 2021	HK$804.4b	HK$136.4b	HK$38.5b	10.1x	20.9x	5.9x
Wed, 03 Mar 2021	HK$780.1b	HK$127.1b	HK$35.4b	13x	22x	6.1x
Sat, 05 Dec 2020	HK$864.9b	HK$107.7b	HK$28.6b	12.6x	30.3x	8x
Tue, 08 Sep 2020	HK$733.9b	HK$92.4b	HK$22.0b	17.3x	33.4x	7.9x
Mon, 01 Jun 2020	HK$456.1b	HK$84.5b	HK$18.7b	13.8x	24.3x	5.4x
Thu, 05 Mar 2020	HK$498.4b	HK$84.1b	HK$20.5b	15.2x	24.3x	5.9x
Sun, 08 Dec 2019	HK$424.0b	HK$76.3b	HK$14.7b	16.5x	28.7x	5.6x
Sat, 31 Aug 2019	HK$404.7b	HK$73.3b	HK$14.2b	13.7x	28.4x	5.5x

Current Industry PE

Investors are pessimistic on the Hong Kong Investment Banking and Brokerage 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 14.6x which is lower than its 3-year average PE of 21.8x.

The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 3.6x.

Past Earnings Growth

The earnings for companies in the Investment Banking and Brokerage industry have grown 39% per year over the last three years.
Revenues for these companies have grown 28% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Hong Kong Investment Banking and Brokerage compare with similar industries?


HK Market	0.30%
Financials	0.48%
Capital Markets	0.36%
Investment Banking and Brokerage	2.79%
Asset Management	0.26%
Diversified Capital Markets	-0.19%
Financial Exchanges and Data	-2.58%

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
6881 China Galaxy Securities	HK$4.12	5.4% +HK$2.1b	-1.0%	PE3.8x
3908 China International Capital	HK$14.74	2.9% +HK$2.0b	-21.8%	PE6x
6066 CSC Financial	HK$7.49	3.0% +HK$1.7b	-8.8%	PE5.3x
1375 Central China Securities	HK$1.22	3.4% +HK$185.7m	-15.9%	PE11.9x
1911 China Renaissance Holdings	HK$9.02	3.3% +HK$161.2m	-50.4%	PE2.7x

Company

Last Price

Valuation

6881 China Galaxy Securities

HK$4.12

5.4%
+HK$2.1b

-1.0%

PE3.8x

3908 China International Capital

HK$14.74

2.9%
+HK$2.0b

-21.8%

PE6x

6066 CSC Financial

HK$7.49

3.0%
+HK$1.7b

-8.8%

PE5.3x

1375 Central China Securities

HK$1.22

3.4%
+HK$185.7m

-15.9%

PE11.9x

1911 China Renaissance Holdings

HK$9.02

3.3%
+HK$161.2m

-50.4%

PE2.7x

China Galaxy Securities Co., Ltd Announces Executive Changes

China Galaxy Securities Co., Ltd. announced that as Mr. Chen Gongyan has reached the retirement age, the board of directors of the Company (the "Board") has agreed that Mr. Chen Gongyan shall cease to act as the Chairman of the Board, the Chairman of Strategy and Development Committee and the Chairman of the Executive Committee of the Company with effect from 13 July 2022. Due to the same reason, the Board has also agreed that Mr. Chen Gongyan shall cease to be an Executive Director of the Company. In accordance with the provisions of the articles of association of the Company (the "Articles of Association"), the retirement of Mr. Chen Gongyan as an Executive Director of the Company is subject to the approval of the shareholders of the Company at the shareholders' general meeting. Due to the adjustment of work arrangements, the Board has resolved to appoint Mr. Chen Liang, an Executive Director, as the Chairman of the Board and the Chairman of the Executive Committee of the Company, who shall also act as the legal representative of the Company and the Chairman of the Strategy and Development Committee in accordance with the Articles of Association and other policies of the Company, and cease to act as the Vice Chairman of the Board, the President and the Vice Chairman of the Executive Committee of the Company, all with effect from 13 July 2022. Chen Liang has been an Executive Director of the Company since December 2019, the chairman of the board of directors of China Galaxy International Financial Holdings Company Limited since May 2022 and the secretary of the Party Committee of the Company since June 2022. From June 2019 to July 2022, Mr. Chen Liang served as the President and the Vice Chairman of the Executive Committee of the Company. From December 2019 to July 2022, he served The Board has also resolved to appoint Mr. Wang Sheng as the President and the Vice Chairman of the Executive Committee of the Company with effect from 13 July 2022, and to nominate Mr. Wang Sheng as a candidate for Executive Director of the Company. The proposal in relation to the nomination of Mr. Wang Sheng as an Executive Director of the Company shall be submitted to the shareholders' general meeting of the Company for consideration and approval. Wang Sheng, male, born in June 1977, has been the deputy secretary of the Party Committee of the Company since July 2022. Mr. Wang Sheng graduated from the School of Economics and Management of Tsinghua University, and obtained a bachelor's degree in management information system and a master's degree in management science and engineering in 2000 and 2002, respectively.

Hong Kong (HSI) Investment Banking and Brokerage Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

8295

First quarter 2023 earnings released: EPS: CN¥0.003 (vs CN¥0.002 in 1Q 2022)

6066

CSC Financial Co., Ltd. Announces Board Resignations

1141

CMBC Capital Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2022

8365

Third quarter 2022 earnings released: EPS: HK$0.007 (vs HK$0.008 loss in 3Q 2021)

3678

Holly Futures Co., Ltd. has completed a Follow-on Equity Offering in the amount of CNY 187.446667 million.

174

Gemini Investments (Holdings) Limited to Report First Half, 2022 Results on Aug 12, 2022

1031

Full year 2022 earnings released: EPS: HK$0.003 (vs HK$0.003 in FY 2021)

993

High number of new directors

3908

China International Capital Corporation Limited Announces the Resignation of Zhu Hailin as Non-Executive Director and the Member of Each of the Strategy and Esg Committee, the Audit Committee and the Risk Management Committee of the Board

3329

BOCOM International Holdings Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022

1469

Get Nice Financial Group Limited, Annual General Meeting, Aug 25, 2022

1911

Chairman & CEO recently bought HK$3.5m worth of stock

1375

Central China Securities Co., Ltd. Announces Earnings Guidance for the Period from 1 January 2022 to 30 June 2022

6881

China Galaxy Securities Co., Ltd Announces Executive Changes

1456

Guolian Securities Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 28 July 2022

665

Price target decreased to HK$2.19