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Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies90
- 7D3.4%
- 3M2.6%
- 1Y33.5%
- YTD15.2%
The Capital Markets industry is up 3.4% in the last week, with Hong Kong Exchanges and Clearing up 4.3%. In the same time, Bright Smart Securities & Commodities Group was down 17%. In the last 12 months, the industry was up 34%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Hong Kong Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | HK$1.2t | HK$170.7b | HK$39.3b | 20.7x | 29.9x | 6.9x |
| Fri, 11 Apr 2025 | HK$1.0t | HK$161.4b | HK$34.0b | 20.7x | 30.4x | 6.4x |
| Sun, 09 Mar 2025 | HK$1.2t | HK$162.9b | HK$33.3b | 20.6x | 34.9x | 7.1x |
| Tue, 04 Feb 2025 | HK$1.0t | HK$161.5b | HK$32.1b | 19.1x | 32.2x | 6.4x |
| Thu, 02 Jan 2025 | HK$1.0t | HK$161.1b | HK$28.8b | 19.4x | 36x | 6.4x |
| Sat, 30 Nov 2024 | HK$1.0t | HK$162.1b | HK$28.8b | 20.9x | 36.4x | 6.5x |
| Mon, 28 Oct 2024 | HK$1.1t | HK$160.8b | HK$28.3b | 19.4x | 38x | 6.7x |
| Wed, 25 Sep 2024 | HK$860.2b | HK$162.5b | HK$28.3b | 13.6x | 30.3x | 5.3x |
| Fri, 23 Aug 2024 | HK$772.8b | HK$162.3b | HK$30.9b | 14.3x | 25x | 4.8x |
| Sun, 21 Jul 2024 | HK$792.0b | HK$159.7b | HK$29.8b | 15.5x | 26.6x | 5x |
| Tue, 18 Jun 2024 | HK$868.7b | HK$159.7b | HK$29.3b | 15.1x | 29.7x | 5.4x |
| Thu, 16 May 2024 | HK$930.3b | HK$160.4b | HK$29.4b | 10.9x | 31.7x | 5.8x |
| Sat, 13 Apr 2024 | HK$801.1b | HK$168.6b | HK$33.5b | 9.5x | 23.9x | 4.8x |
| Mon, 11 Mar 2024 | HK$858.1b | HK$160.5b | HK$35.1b | 9.6x | 24.5x | 5.3x |
| Wed, 07 Feb 2024 | HK$849.4b | HK$162.2b | HK$35.5b | 9.8x | 23.9x | 5.2x |
| Fri, 05 Jan 2024 | HK$913.9b | HK$163.5b | HK$34.6b | 10.5x | 26.4x | 5.6x |
| Sun, 03 Dec 2023 | HK$987.1b | HK$163.9b | HK$34.7b | 11.2x | 28.5x | 6x |
| Tue, 31 Oct 2023 | HK$947.3b | HK$175.8b | HK$34.8b | 10.4x | 27.2x | 5.4x |
| Thu, 28 Sep 2023 | HK$959.7b | HK$167.5b | HK$34.4b | 10.7x | 27.9x | 5.7x |
| Sat, 26 Aug 2023 | HK$1.0t | HK$182.9b | HK$34.3b | 11x | 29.2x | 5.5x |
| Mon, 24 Jul 2023 | HK$973.7b | HK$183.4b | HK$33.3b | 11.7x | 29.2x | 5.3x |
| Wed, 21 Jun 2023 | HK$1.0t | HK$183.1b | HK$35.4b | 12.8x | 28.4x | 5.5x |
| Fri, 19 May 2023 | HK$1.1t | HK$200.6b | HK$37.7b | 12.9x | 28.3x | 5.3x |
| Sun, 16 Apr 2023 | HK$1.1t | HK$199.9b | HK$34.7b | 12.4x | 31.1x | 5.4x |
| Tue, 14 Mar 2023 | HK$1.1t | HK$219.2b | HK$45.8b | 12.3x | 23x | 4.8x |
| Thu, 09 Feb 2023 | HK$1.1t | HK$221.3b | HK$46.3b | 13.5x | 24x | 5x |
| Sat, 07 Jan 2023 | HK$1.1t | HK$218.8b | HK$45.8b | 14.6x | 24x | 5x |
| Mon, 05 Dec 2022 | HK$1.0t | HK$213.7b | HK$44.2b | 15.1x | 23x | 4.7x |
| Wed, 02 Nov 2022 | HK$846.6b | HK$207.7b | HK$40.5b | 10.4x | 20.9x | 4.1x |
| Fri, 30 Sep 2022 | HK$886.3b | HK$215.2b | HK$39.9b | 9x | 22.2x | 4.1x |
| Sun, 28 Aug 2022 | HK$1.1t | HK$223.6b | HK$49.2b | 8.8x | 21.6x | 4.7x |
| Tue, 26 Jul 2022 | HK$1.1t | HK$238.3b | HK$57.3b | 9.6x | 19.4x | 4.7x |
| Thu, 23 Jun 2022 | HK$1.1t | HK$240.1b | HK$60.0b | 7.9x | 19.1x | 4.8x |
| Sat, 21 May 2022 | HK$1.1t | HK$239.7b | HK$60.0b | 8.1x | 17.5x | 4.4x |
Price to Earnings Ratio
17.5x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Capital Markets 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 27.6x.
- The 3-year average PS ratio of 5.5x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 13% per year over the last three years,
- Revenues have also declined 11% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials industry?
| HK Market | 2.09% | |
| Financials | 4.27% | |
| Capital Markets | 3.37% | |
| Financial Exchanges and Data | 4.20% | |
| Investment Banking and Brokerage | 3.02% | |
| Asset Management | 1.65% | |
| Diversified Capital Markets | -3.36% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 38.2x.
- Analysts are expecting annual earnings growth of 8.1%, which is higher than its past year's earnings decline of 21.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 31% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 8.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 388 Hong Kong Exchanges and Clearing | HK$381.00 | 4.0% +HK$18.7b | 34.0% | PE34x | |
| 6881 China Galaxy Securities | HK$7.87 | 7.7% +HK$6.1b | 72.6% | PE7.8x | |
| 3908 China International Capital | HK$15.16 | 8.3% +HK$5.6b | 38.6% | PE11.6x | |
| 6066 CSC Financial | HK$9.50 | 5.6% +HK$3.9b | 44.4% | PE10x | |
| 2799 China CITIC Financial Asset Management | HK$0.82 | 3.8% +HK$2.4b | 121.6% | PE7.4x |