Here's Why Shandong Weigao Group Medical Polymer (HKG:1066) Has Caught The Eye Of Investors
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Hong Kong (HSI) Medical Supplies Industry Analysis
UpdatedAug 11, 2022
DataAggregated Company Financials
Companies12
- 7D-1.8%
- 3M15.1%
- 1Y-34.1%
- YTD-8.0%
Over the last 7 days, the Medical Supplies industry has dropped 1.1%, driven by a pullback from Shandong Weigao Group Medical Polymer of 2.2%. In contrast, Shanghai Conant Optical has gained 14%. However, the industry is down 34% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Hong Kong Medical Supplies Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 11 Aug 2022 | HK$68.2b | HK$32.0b | HK$3.7b | 15.8x | 18.3x | 2.1x |
| Sat, 09 Jul 2022 | HK$68.7b | HK$32.2b | HK$3.7b | 16.7x | 18.3x | 2.1x |
| Mon, 06 Jun 2022 | HK$59.2b | HK$32.4b | HK$3.8b | 15x | 15.7x | 1.8x |
| Wed, 04 May 2022 | HK$61.2b | HK$32.6b | HK$3.8b | 15.5x | 16.1x | 1.9x |
| Fri, 01 Apr 2022 | HK$64.3b | HK$33.3b | HK$4.2b | 14.9x | 15.5x | 1.9x |
| Sun, 27 Feb 2022 | HK$76.7b | HK$30.2b | HK$3.3b | 19.2x | 23.1x | 2.5x |
| Tue, 25 Jan 2022 | HK$71.9b | HK$30.1b | HK$3.3b | 22.8x | 21.8x | 2.4x |
| Thu, 23 Dec 2021 | HK$72.5b | HK$30.0b | HK$2.8b | 20.5x | 26.1x | 2.4x |
| Sat, 20 Nov 2021 | HK$84.6b | HK$29.9b | HK$3.3b | 23.6x | 25.8x | 2.8x |
| Mon, 18 Oct 2021 | HK$92.1b | HK$29.6b | HK$3.2b | 27.2x | 28.4x | 3.1x |
| Wed, 15 Sep 2021 | HK$92.6b | HK$29.5b | HK$3.2b | 29.6x | 28.7x | 3.1x |
| Fri, 13 Aug 2021 | HK$99.0b | HK$29.5b | HK$3.2b | 31.1x | 30.7x | 3.4x |
| Tue, 08 Jun 2021 | HK$123.8b | HK$27.5b | HK$2.0b | 35x | 62.4x | 4.5x |
| Mon, 01 Mar 2021 | HK$101.7b | HK$26.0b | HK$792.5m | 45.8x | 128.4x | 3.9x |
| Thu, 03 Dec 2020 | HK$112.6b | HK$24.5b | HK$1.7b | 46.8x | 66.4x | 4.6x |
| Sun, 06 Sep 2020 | HK$137.7b | HK$23.0b | HK$1.5b | 77.1x | 89.6x | 6x |
| Wed, 10 Jun 2020 | HK$81.0b | HK$22.8b | HK$1.8b | 53.6x | 45.8x | 3.6x |
| Tue, 03 Mar 2020 | HK$64.1b | HK$23.7b | HK$2.3b | 21.9x | 28.1x | 2.7x |
| Fri, 06 Dec 2019 | HK$59.9b | HK$22.5b | HK$2.4b | 17.6x | 25.1x | 2.7x |
| Mon, 09 Sep 2019 | HK$48.0b | HK$22.2b | HK$2.6b | 17x | 18.3x | 2.2x |
Price to Earnings Ratio
18.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Health Care Supplies 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 18.4x which is lower than its 3-year average PE of 42.7x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Health Care Supplies industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 13% 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 Medical Supplies compare with similar industries?
| HK Market | -0.65% | |
| Healthcare | -1.61% | |
| Medical Equipment | 0.51% | |
| Medical Supplies | -1.78% | |
| Medical Equipment | 1.40% | |
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 | |
|---|---|---|---|---|---|
| 1501 Shanghai Kindly Medical Instruments | HK$27.40 | 3.4% +HK$151.2m | -10.9% | PE27.7x | |
| 2276 Shanghai Conant Optical | HK$5.88 | 5.2% +HK$123.7m | n/a | PE11.8x | |
| 2170 Suzhou Basecare Medical | HK$4.20 | 3.4% +HK$38.3m | -74.4% | PS9.2x | |
| 876 Kaisa Health Group Holdings | HK$0.076 | 7.0% +HK$25.2m | -75.1% | PE165.2x | |
| 8622 Huakang Biomedical Holdings | HK$0.21 | 0.5% +HK$400.0k | -27.0% | PS2.8x |