CSC Financial Co., Ltd. (HKG:6066) Might Not Be As Mispriced As It Looks
Aug 07
Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedAug 22, 2024
DataAggregated Company Financials
Companies97
- 7D-0.2%
- 3M-17.3%
- 1Y-27.6%
- YTD-16.8%
Over the last 7 days, the Capital Markets industry has remained flat, although notably Tian Tu Capital gained 47%. Unfortunately though, the industry is down 28% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| 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 |
| Tue, 15 Mar 2022 | HK$1.1t | HK$269.5b | HK$68.2b | 6.1x | 16.4x | 4.2x |
| Thu, 10 Feb 2022 | HK$1.4t | HK$265.1b | HK$67.3b | 7.6x | 20.3x | 5.2x |
| Sat, 08 Jan 2022 | HK$1.4t | HK$264.8b | HK$67.2b | 7.1x | 20.5x | 5.2x |
| Mon, 06 Dec 2021 | HK$1.4t | HK$264.7b | HK$67.4b | 8.2x | 20.5x | 5.2x |
| Wed, 03 Nov 2021 | HK$1.4t | HK$263.8b | HK$71.9b | 109.6x | 19.5x | 5.3x |
| Fri, 01 Oct 2021 | HK$1.4t | HK$245.6b | HK$66.5b | 8.8x | 21.8x | 5.9x |
| Sun, 29 Aug 2021 | HK$1.4t | HK$243.0b | HK$70.7b | 10x | 19.8x | 5.8x |
Price to Earnings Ratio
19.8x
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 24.1x.
- 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 24% 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 | 1.30% | |
| Financials | 2.31% | |
| Capital Markets | -0.20% | |
| Asset Management | 1.62% | |
| Financial Exchanges and Data | 0.24% | |
| Diversified Capital Markets | -0.43% | |
| Investment Banking and Brokerage | -0.69% | |
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 46.9x.
- Analysts are expecting annual earnings growth of 9.4%, which is higher than its past year's earnings decline of 48.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 28% 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 9.4% 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 | |
|---|---|---|---|---|---|
| 1973 Tian Tu Capital | HK$3.12 | 47.2% +HK$693.0m | n/a | PB0.3x | |
| 388 Hong Kong Exchanges and Clearing | HK$228.60 | 0.2% +HK$505.8m | -18.5% | PE25.3x | |
| 863 OSL Group | HK$6.17 | 14.3% +HK$482.3m | 235.3% | PS16.9x | |
| 245 China Vered Financial Holding | HK$0.061 | 3.4% +HK$69.4m | 125.9% | PS18.5x | |
| 1140 Wealthink AI-Innovation Capital | HK$0.12 | 5.5% +HK$63.1m | -42.5% | PE22.5x |