CITIC (HKG:267) Has A Somewhat Strained Balance Sheet
Dec 04
Hong Kong (HSI) Industrials Sector Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies482
- 7D-2.7%
- 3M-8.8%
- 1Y-12.7%
- YTD-16.9%
Over the last 7 days, the Industrials industry has dropped 2.7%, driven by a pullback from MTR of 4.9%. On the other hand J&T Global Express is actually up 11%. However, the industry is down 13% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.
Sector Valuation and Performance
Has the Hong Kong Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | HK$3.2t | HK$7.4t | HK$355.7b | 8.2x | 9x | 0.4x |
| Wed, 01 Nov 2023 | HK$3.2t | HK$7.2t | HK$349.1b | 8.1x | 9x | 0.4x |
| Fri, 29 Sep 2023 | HK$3.3t | HK$7.2t | HK$351.3b | 8.1x | 9.3x | 0.5x |
| Sun, 27 Aug 2023 | HK$3.3t | HK$7.2t | HK$371.7b | 8.9x | 9x | 0.5x |
| Tue, 25 Jul 2023 | HK$3.6t | HK$7.2t | HK$414.3b | 8.9x | 8.6x | 0.5x |
| Thu, 22 Jun 2023 | HK$3.6t | HK$7.2t | HK$413.4b | 9.5x | 8.7x | 0.5x |
| Sat, 20 May 2023 | HK$3.7t | HK$7.3t | HK$417.3b | 9.3x | 8.9x | 0.5x |
| Mon, 17 Apr 2023 | HK$3.9t | HK$7.4t | HK$432.0b | 9.9x | 8.9x | 0.5x |
| Wed, 15 Mar 2023 | HK$3.7t | HK$7.3t | HK$462.5b | 8.6x | 8.1x | 0.5x |
| Fri, 10 Feb 2023 | HK$3.9t | HK$7.4t | HK$473.8b | 8.9x | 8.1x | 0.5x |
| Sun, 08 Jan 2023 | HK$3.7t | HK$7.3t | HK$470.4b | 8.9x | 7.8x | 0.5x |
| Tue, 06 Dec 2022 | HK$3.6t | HK$7.1t | HK$461.5b | 9x | 7.9x | 0.5x |
| Thu, 03 Nov 2022 | HK$3.2t | HK$7.0t | HK$455.9b | 8.9x | 7x | 0.5x |
| Sat, 01 Oct 2022 | HK$3.3t | HK$7.1t | HK$472.1b | 8.7x | 7x | 0.5x |
| Mon, 29 Aug 2022 | HK$3.9t | HK$7.2t | HK$438.9b | 10.1x | 8.8x | 0.5x |
| Wed, 27 Jul 2022 | HK$3.9t | HK$7.1t | HK$449.1b | 9.7x | 8.7x | 0.5x |
| Fri, 24 Jun 2022 | HK$3.9t | HK$7.2t | HK$450.5b | 9.7x | 8.6x | 0.5x |
| Sun, 22 May 2022 | HK$4.0t | HK$7.2t | HK$452.4b | 8.6x | 8.8x | 0.6x |
| Tue, 19 Apr 2022 | HK$4.2t | HK$7.3t | HK$442.5b | 9.1x | 9.4x | 0.6x |
| Thu, 17 Mar 2022 | HK$4.1t | HK$7.1t | HK$461.5b | 7.7x | 8.9x | 0.6x |
| Sat, 12 Feb 2022 | HK$4.6t | HK$7.0t | HK$400.9b | 8.7x | 11.5x | 0.7x |
| Mon, 10 Jan 2022 | HK$4.5t | HK$7.0t | HK$401.2b | 8.8x | 11.3x | 0.6x |
| Wed, 08 Dec 2021 | HK$4.4t | HK$7.0t | HK$402.1b | 8.8x | 10.9x | 0.6x |
| Fri, 05 Nov 2021 | HK$4.3t | HK$6.9t | HK$400.7b | 8.7x | 10.8x | 0.6x |
| Sun, 03 Oct 2021 | HK$4.4t | HK$6.8t | HK$372.6b | 9.3x | 11.9x | 0.6x |
| Tue, 31 Aug 2021 | HK$4.7t | HK$6.8t | HK$366.5b | 9.8x | 12.9x | 0.7x |
| Wed, 07 Jul 2021 | HK$4.5t | HK$6.8t | HK$366.5b | 9.4x | 12.4x | 0.7x |
| Sat, 10 Apr 2021 | HK$4.0t | HK$6.2t | HK$309.1b | 10.3x | 12.9x | 0.6x |
| Fri, 01 Jan 2021 | HK$3.5t | HK$5.8t | HK$235.4b | 10.3x | 14.9x | 0.6x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are pessimistic on the Hong Kong Industrials 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 9.0x which is lower than its 3-year average PE of 10.3x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | -2.96% | |
| Industrials | -2.69% | |
| Professional Services | 1.53% | |
| Infrastructure | -0.85% | |
| Logistics | -1.19% | |
| Trade Distributors | -1.30% | |
| Machinery | -1.63% | |
| Marine and Shipping | -1.71% | |
| Construction | -2.08% | |
| Commercial Services | -2.45% | |
| Industrials | -3.17% | |
| Aerospace & Defense | -4.35% | |
| Transportation | -4.83% | |
| Airlines | -5.02% | |
| Electrical | -5.63% | |
| Building | -7.44% | |
Industry PE
- Investors are most optimistic about the Electrical industry even though it's trading below its 3-year average PE ratio of 117x.
- Analysts are expecting annual earnings growth of 58.9%, which is higher than its past year's earnings growth of 2.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 49% 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 | |
|---|---|---|---|---|---|
| 1519 J&T Global Express | HK$13.20 | 11.3% +HK$11.8b | n/a | PS1.9x | |
| 598 Sinotrans | HK$2.97 | 9.6% +HK$1.9b | 15.1% | PE5.4x | |
| 1919 COSCO SHIPPING Holdings | HK$7.27 | 1.3% +HK$1.4b | -13.1% | PE3.1x | |
| 9690 TUHU Car | HK$33.75 | 5.1% +HK$1.4b | n/a | PS2x | |
| 317 CSSC Offshore & Marine Engineering (Group) | HK$9.52 | 11.1% +HK$1.3b | 20.4% | PE17.8x |
