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Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedApr 10, 2025
DataAggregated Company Financials
Companies90
- 7D-14.2%
- 3M0.3%
- 1Y35.1%
- YTD-1.9%
Over the last 7 days, the Capital Markets industry has dropped 17%, driven by Hong Kong Exchanges and Clearing declining 14%. In contrast, OSL Group has gained 9.1%. Over the past 12 months, the industry was up 31%. Looking forward, earnings are forecast to grow by 16% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 10 Apr 2025 | HK$1.0t | HK$161.0b | HK$33.9b | 20.7x | 30.1x | 6.3x |
| Sat, 08 Mar 2025 | HK$1.2t | HK$162.9b | HK$33.2b | 20.6x | 35x | 7.1x |
| Mon, 03 Feb 2025 | HK$1.0t | HK$161.4b | HK$32.1b | 17.8x | 32.2x | 6.4x |
| Wed, 01 Jan 2025 | HK$1.1t | HK$161.0b | HK$28.8b | 19.4x | 36.6x | 6.6x |
| Fri, 29 Nov 2024 | HK$1.0t | HK$162.0b | HK$28.8b | 20.5x | 35.8x | 6.4x |
| Sun, 27 Oct 2024 | HK$1.1t | HK$160.8b | HK$28.3b | 19.4x | 38x | 6.7x |
| Tue, 24 Sep 2024 | HK$809.5b | HK$162.2b | HK$28.3b | 13.1x | 28.6x | 5x |
| Thu, 22 Aug 2024 | HK$777.5b | HK$162.0b | HK$30.6b | 14.3x | 25.4x | 4.8x |
| Sat, 20 Jul 2024 | HK$789.4b | HK$159.7b | HK$29.8b | 15.5x | 26.5x | 4.9x |
| Mon, 17 Jun 2024 | HK$864.2b | HK$159.7b | HK$29.3b | 15x | 29.5x | 5.4x |
| Wed, 15 May 2024 | HK$930.4b | HK$160.2b | HK$29.3b | 10.9x | 31.7x | 5.8x |
| Fri, 12 Apr 2024 | HK$817.1b | HK$168.2b | HK$33.3b | 10.7x | 24.5x | 4.9x |
| Sun, 10 Mar 2024 | HK$858.1b | HK$160.5b | HK$35.1b | 9.6x | 24.5x | 5.3x |
| Tue, 06 Feb 2024 | HK$805.7b | HK$162.0b | HK$35.4b | 9.8x | 22.7x | 5x |
| Thu, 04 Jan 2024 | HK$921.9b | HK$163.5b | HK$34.6b | 10.5x | 26.6x | 5.6x |
| Sat, 02 Dec 2023 | HK$987.0b | HK$163.8b | HK$34.7b | 11.2x | 28.5x | 6x |
| Mon, 30 Oct 2023 | HK$948.8b | HK$175.8b | HK$34.8b | 10.4x | 27.3x | 5.4x |
| Wed, 27 Sep 2023 | HK$956.5b | HK$167.5b | HK$34.4b | 10.7x | 27.8x | 5.7x |
| Fri, 25 Aug 2023 | HK$1.0t | HK$183.6b | HK$34.3b | 11.2x | 29.3x | 5.5x |
| Sun, 23 Jul 2023 | HK$973.7b | HK$183.4b | HK$33.3b | 11.7x | 29.2x | 5.3x |
| Tue, 20 Jun 2023 | HK$1.0t | HK$183.4b | HK$35.5b | 12.9x | 28.8x | 5.6x |
| Thu, 18 May 2023 | HK$1.1t | HK$201.4b | HK$37.9b | 12.8x | 28.4x | 5.3x |
| Sat, 15 Apr 2023 | HK$1.1t | HK$200.3b | HK$34.8b | 12.4x | 31.1x | 5.4x |
| Mon, 13 Mar 2023 | HK$1.0t | HK$218.3b | HK$45.6b | 12.5x | 22.9x | 4.8x |
| Wed, 08 Feb 2023 | HK$1.1t | HK$221.0b | HK$46.3b | 13.7x | 24x | 5x |
| Fri, 06 Jan 2023 | HK$1.1t | HK$218.0b | HK$45.6b | 14.8x | 24.1x | 5x |
| Sun, 04 Dec 2022 | HK$1.0t | HK$213.7b | HK$44.2b | 15.1x | 23x | 4.7x |
| Tue, 01 Nov 2022 | HK$812.8b | HK$208.9b | HK$40.8b | 9.9x | 19.9x | 3.9x |
| Thu, 29 Sep 2022 | HK$906.6b | HK$215.8b | HK$40.0b | 9x | 22.6x | 4.2x |
| Sat, 27 Aug 2022 | HK$1.1t | HK$228.9b | HK$53.9b | 9.3x | 19.8x | 4.7x |
| Mon, 25 Jul 2022 | HK$1.1t | HK$238.3b | HK$57.3b | 9.5x | 19.4x | 4.7x |
| Wed, 22 Jun 2022 | HK$1.2t | HK$240.0b | HK$60.0b | 8x | 19.2x | 4.8x |
| Fri, 20 May 2022 | HK$1.0t | HK$238.5b | HK$59.7b | 8.1x | 17.3x | 4.3x |
| Sun, 17 Apr 2022 | HK$1.1t | HK$253.7b | HK$66.1b | 9.5x | 17.3x | 4.5x |
Price to Earnings Ratio
17.3x
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 27.2x.
- The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 20% per year over the last three years,
- Revenues have also declined 14% 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 | -10.52% | |
| Financials | -11.07% | |
| Capital Markets | -14.22% | |
| Diversified Capital Markets | -8.30% | |
| Asset Management | -11.98% | |
| Investment Banking and Brokerage | -14.29% | |
| Financial Exchanges and Data | -14.59% | |
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 39.1x.
- Analysts are expecting annual earnings growth of 9.3%, 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 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 35% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 9.3% 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 | |
|---|---|---|---|---|---|
| 863 OSL Group | HK$9.80 | 5.9% +HK$344.5m | 8.4% | PE109.8x | |
| 6877 CLSA Premium | HK$0.34 | 52.0% +HK$239.9m | n/a | PE61.9x | |
| 245 China Vered Financial Holding | HK$0.044 | 4.8% +HK$74.4m | -22.8% | PE7.3x | |
| 613 Planetree International Development | HK$0.20 | 21.2% +HK$33.1m | -4.3% | PS2.3x | |
| 329 OCI International Holdings | HK$0.33 | 3.1% +HK$15.0m | -46.8% | PS6.1x |