OCI International Holdings Limited's (HKG:329) 40% Price Boost Is Out Of Tune With Revenues
May 13
Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedAug 03, 2024
DataAggregated Company Financials
Companies97
- 7D1.4%
- 3M-12.8%
- 1Y-33.8%
- YTD-15.3%
Over the last 7 days, the Capital Markets industry has risen 1.4%, driven by gains from China Galaxy Securities of 7.3%. In the past year, the industry is down 34%. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Sun, 04 Aug 2024 | HK$787.3b | HK$160.9b | HK$30.0b | 16x | 26.2x | 4.9x |
| Tue, 02 Jul 2024 | HK$815.1b | HK$159.5b | HK$29.8b | 16x | 27.4x | 5.1x |
| Thu, 30 May 2024 | HK$886.2b | HK$160.0b | HK$29.3b | 10.2x | 30.2x | 5.5x |
| Sat, 27 Apr 2024 | HK$876.0b | HK$167.8b | HK$32.8b | 10.7x | 26.7x | 5.2x |
| Mon, 25 Mar 2024 | HK$867.9b | HK$159.9b | HK$33.1b | 8.8x | 26.2x | 5.4x |
| Wed, 21 Feb 2024 | HK$868.2b | HK$160.5b | HK$35.1b | 9.8x | 24.7x | 5.4x |
| Fri, 19 Jan 2024 | HK$841.3b | HK$162.9b | HK$34.2b | 10x | 24.6x | 5.2x |
| Sun, 17 Dec 2023 | HK$957.0b | HK$164.1b | HK$34.7b | 10.7x | 27.6x | 5.8x |
| Tue, 14 Nov 2023 | HK$990.5b | HK$174.1b | HK$33.2b | 10.7x | 29.8x | 5.7x |
| Thu, 12 Oct 2023 | HK$959.4b | HK$175.6b | HK$34.4b | 10.2x | 27.9x | 5.5x |
| Sat, 09 Sep 2023 | HK$998.1b | HK$169.8b | HK$33.6b | 11.1x | 29.7x | 5.9x |
| Mon, 07 Aug 2023 | HK$1.1t | HK$183.7b | HK$33.4b | 12.6x | 32.4x | 5.9x |
| Wed, 05 Jul 2023 | HK$981.1b | HK$183.0b | HK$33.2b | 11.9x | 29.5x | 5.4x |
| Fri, 02 Jun 2023 | HK$1.0t | HK$199.2b | HK$36.8b | 14x | 27.2x | 5x |
| Sun, 30 Apr 2023 | HK$1.1t | HK$203.9b | HK$38.5b | 12.8x | 27.5x | 5.2x |
| Tue, 28 Mar 2023 | HK$1.1t | HK$218.3b | HK$47.2b | 13x | 22.7x | 4.9x |
| Thu, 23 Feb 2023 | HK$1.1t | HK$218.2b | HK$45.5b | 13.3x | 24.1x | 5x |
| Sat, 21 Jan 2023 | HK$1.2t | HK$220.9b | HK$46.2b | 14x | 25.2x | 5.3x |
| Mon, 19 Dec 2022 | HK$1.1t | HK$214.9b | HK$44.4b | 14.9x | 23.7x | 4.9x |
| Wed, 16 Nov 2022 | HK$1.0t | HK$213.1b | HK$41.7b | 12x | 24.6x | 4.8x |
| Fri, 14 Oct 2022 | HK$880.7b | HK$215.9b | HK$40.1b | 9.1x | 22x | 4.1x |
| Sun, 11 Sep 2022 | HK$1.1t | HK$216.1b | HK$42.2b | 10.4x | 24.9x | 4.9x |
| Tue, 09 Aug 2022 | HK$1.1t | HK$238.1b | HK$57.2b | 9.7x | 19.2x | 4.6x |
| Thu, 07 Jul 2022 | HK$1.2t | HK$239.3b | HK$57.5b | 10x | 20.3x | 4.9x |
| Sat, 04 Jun 2022 | HK$1.1t | HK$240.8b | HK$60.2b | 7.6x | 17.7x | 4.4x |
| Mon, 02 May 2022 | HK$1.1t | HK$244.5b | HK$61.7b | 8.2x | 17.1x | 4.3x |
| Wed, 30 Mar 2022 | HK$1.2t | HK$264.2b | HK$63.8b | 8.1x | 18.3x | 4.4x |
| Fri, 25 Feb 2022 | HK$1.3t | HK$267.3b | HK$67.8b | 6.6x | 18.5x | 4.7x |
| Sun, 23 Jan 2022 | HK$1.4t | HK$265.8b | HK$67.5b | 7.2x | 21.1x | 5.4x |
| Tue, 21 Dec 2021 | HK$1.4t | HK$265.1b | HK$67.4b | 8x | 20.4x | 5.2x |
| Thu, 18 Nov 2021 | HK$1.4t | HK$264.2b | HK$72.0b | 8.1x | 19.2x | 5.2x |
| Sat, 16 Oct 2021 | HK$1.4t | HK$254.7b | HK$66.4b | 8.5x | 21.2x | 5.5x |
| Mon, 13 Sep 2021 | HK$1.5t | HK$244.7b | HK$66.3b | 10.1x | 23.1x | 6.3x |
| Wed, 11 Aug 2021 | HK$1.5t | HK$243.0b | HK$70.7b | 10.3x | 20.6x | 6x |
Price to Earnings Ratio
20.6x
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 24.0x.
- The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 25% per year over the last three years,
- Revenues have also declined 13% 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 | -0.018% | |
| Financials | 0.74% | |
| Capital Markets | 1.39% | |
| Investment Banking and Brokerage | 3.16% | |
| Asset Management | 2.21% | |
| Diversified Capital Markets | -0.30% | |
| Financial Exchanges and Data | -1.10% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 20.9x.
- Analysts are expecting annual earnings growth of 21.1%, which is higher than its past year's earnings decline of 19.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 53% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 9.5% 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 | |
|---|---|---|---|---|---|
| 6881 China Galaxy Securities | HK$3.98 | 7.3% +HK$3.0b | -13.5% | PE6.3x | |
| 3908 China International Capital | HK$8.44 | 2.6% +HK$1.0b | -51.8% | PE8.3x | |
| 290 GoFintech Innovation | HK$1.05 | 4.0% +HK$808.3m | 500.0% | PS180.5x | |
| 1476 Hengtai Securities | HK$1.78 | 10.6% +HK$442.8m | -26.4% | PE66.3x | |
| 2799 China CITIC Financial Asset Management | HK$0.37 | 1.4% +HK$401.2m | -6.3% | PE15.4x |